The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1858-01-21
HOUSE OF REPRESENTATIVES,.

by Mr.. CHOWEN For the issuing OF
County Bonds by Hennepin county
Also, a memorial relating TO the School
Lands
The Report Of the Surveyor General of
the First District, was presented, and order
ed printed.
The committee on Enrolled bills, reported
House bill authorizing the Commissioners
Of Wabashaw county TO borrow money, u,
having been presented TO the Governor.
Mr.. STARkEY answered an inquiry as
TO the time the maps authorized by the
House would BE- ready, by mentioning three
weeks hence.
The report of the Warden OF the State
Prison was presented, and FIVE hundred
copies ordered to be printed.
SECOND READING.
A Senate bill amending the act Of incor-
poration d the town Of Buffalo, passed at
the last session
Also, bill for road from Brownsville
to Shellrock.
The House then took into consideration
the subject Of printing Senate bills, which
resulted in motion for committee to be
appointed TO confer with the Senate on the
printing Of the Senate bills.
RESOLUTIONS.
Mr.. TALBOT offered resolution, pro-
vidng for more equal distribution of the
documents of the House, which was adopt.
I'd
Mr.. TEFFT offered resolution. that the
Sergcantat- Arms procure IA stove for the
southeast corner Of the Representative
Hall
Mr. PIERCE offered resolution, that
all bills for the application Of ferry charters
be referred TO q committee, consisting Of
Messrs. TALsor, KEITH and STEVENS, with
instructions to report d general bill, which
was adopted.
Mr.. CRUTTENDEN offered resolu-
ton, that the chief Clerk be directed to in
form the Senate that the House would meet
the Senate in JOINT convention, on the 18th
OF January, for the election Of Surveyor
Generals.
THE ISSUING or STATE BONDS.
The bill of the Committee Of Ways and
Means, providing for the issuing of State
Bonds to the amount Of 100000. for the
expenses of the State, was taken up in
Committee Of the Whole.
Mr.. KEITH in the Chair.
After being read through by the Chair
man.
Mr.. TALBOT thought the bill ought to
be postponed un,ila bank bill was passed,
and he therefore made motion that the
committee rise and report the bill back with
q recommendation that the further conside-
ration thereof be postponed for ten days.
Mr.. DOW opposed further postpone /
ment Of action ON the bill, coDtcnding that
there was no certainty for the passage Of /
bank law.
Mr.. BALCOMBE hoped that the mo
ton Of Mr.. TALBOT would prevail, and sta
ted that with rate Of interest above eight .
per cent, he could not vote for the bill.
Mr.. BEARCE opposed the motion.
The motion TO rise was lost
Mr.. BEARCE moved TO insert ten per
cent. interest instead of twelve per cent
Mr.. BEARCE, having shown CONVEX.
ZION from per cent. TO 10 per cent, was
,alled upon by Mr. T. A. Thompson, for
he reasons OF h!s conversion 70 a high rate
,f interest. lie stated that his conversion
was brought about by an examination Of
stock tables in the Eastern markets. and the
'tringency in the money market. An IN
Iuiry was made OF him where bis assurances
came from the other day, when he stated that
he bonds could be taken in this State with
s per cent. interest lie said that the gen
lemen's notes had gone TO protest +
Mr.. TATTERSALL commended that the
State stocks could be taken at I per cent,
and referred to the value Of Kentucky 6's,
md New York SIS.
Mr.. DOW said he was still in favor Of
he Il per cent, and thought that this per
,ent. would keep up the stocks, and il used
or banking purposes, would make our money
better Retiring TO the provisions Of the
Constitution, relating TO State debt he
'aid that Wisconsin, Iowa, and California,
aad restrictions Of the State debt 10 less than
Minnesota lie thought, that with the re-
.triction Of the Bonds no, TO be sold at less
than par, 'ha, the Bonds should bear a
greater rate Of interest. He said il was
impossible 10 T., per cent. bonds sold 10
New York AT par. lie argued 10 favor Of
creating our bolds Tor home consumption,
and thus make our banks good and have .
q firm foundation for our wealth He re.
ierred 10 the banking systems Of Illinois
and Wisconsin, a. provided 10 their Consti-
buttons, heing more liberal than those d orr
own State, and tina, our bonds should be
liberal, 20 as 20 make our banks frm and
money good.
The Amendment 10 make The interest 10
pr cent. was not adopted.
Mr. EAMES offered an amendment 10
In-ert per ccut instead Of | 2 per cent
Mr. RCTAN moved that the committee
rlse and report the bill back. a. a spcia!
order Tor next Tuesday.
Mr. DOW objected.
Mr. RtTAN sad he wa oppDsed 10 two .
% three men IN .he House monopolning
the time Of the Hone, and pushing the bill
through without tbc members being fully
posted. aud that he was convinced H. MN
hers were no, now ready 10 vote The mo