New-York daily tribune., 1858-04-23
MINNESOTA.
spRIEGTIME-THE LOAN OF THE STATE
CREDIT, &c.
upon the ssnd

CREDIT, &c.
CorsAooadeaos Of Tue n. T. Tribune.
ST. PAUL, April II, 1853.
Nothing could be more ethereally mild, genial and
sweet thaa our present Spring weather in Minnesota.
Frssh emerald twiskes the face Of the praires the
Voslipg flower raises everywhere her downy cup to
catch the devs backbirds delken the air 10 immense
ocks; ducks and geese their way to the rceseld,
of the North haunt the lakes and marshes at evening
aud early morning; and the pckere and bass are rum
ming up the streams to spawn. Yesterday, pelican
few over my head, and pair OF kildeer plover are
now piping to each other the rver shore, beneath
my wbdow. The boats are arriving at the Levee
daily with large loads of emigrapts. and business is
begianBg to revive again throughout tho couotry.
More bniongs beth OF wood and stone, are going up
10 osr principal towns than in any previous Spring.
stono and lumber being much cheaper tuan ever
before and creditors being willing to take out their
dobts in masors and carpenters work, Bhle money
Ienains al unknown quantity.
We vote tomorrow in this Territory upon the pro.
posed amendment to the State Constitution, auhoriz
ing the State to loan her credit, TO the smeupt of
g., 200 000 to the Railroad Companies. We fear the
amendment vii be carried. The people are told that
the rosis are no. built the other Western States viii
gau rapidly on Minnesota; that we will soon cease to
hold our own and will lose very large share of the
emigration Cd well as of the money of capt asts.
which would otherwise come to us. They dwell upon
the stern necessity Which We are under induced by
fhe pres Of the times Of doing something at once
to recuperse our fortunes, and pronounce the oPpo
ser Of the loan Old fogies, snediuvans, Sc. On the
other hsnd we Of the opposition strive to make the
people understand that the security offered for the
loas 10 almost worthless IA fact generally admitted on
all sidesI; that the infant State will be oppressed
by heavy and unnatural debt, to be paid by
steady tax on labor, or to be repudated outright;
that this loan will only be precedent for further
l0ans; that the parties who have control OF the
roads are either notorious swindlers or political
gymnasts, whose besetting virtue is not soru-
pulos,ty; that the State will come under the
control politically and otherwise, OF a bold, grasp
ing ana fsithless Reilroad party who will ruie
as as the "Fory Thieves" have ruled Wisconsin
that If the present Companies disabled by the de-
ieat of the iosn the roads will be readily undertaken
by responsible Eastern capitalists, &c.. In the large
tovDs-St. Paul S. Anthony Min seapols, Saltwater,
Eafibaut and st. Petor-tnere will be, pretty GER
tainy, msorites for the loan; while the vote of The
famers IN he country and OF the towns which DO not
expect 20 be benefited by the roads, as Wnona, Wa
basbaw. Red Wing and Hastings, will be thrown quite
unlteoy against 1t. But our young and light hearted
communities will not, in the naorty Of cases, Wa
fear be able 10 resist the temptation Of giving their
vote Cor 50 attractive to thoughtless per-
soma. certain class of our people have been in the
habit Cor the past three four years OF contracting
debt 10 50 loose and reckless manner have been, in
Masy oases 20 wanting in = scrupulous regard for
commercial or Political honor, aud for strict fairness
of dealing al pecuniary transactions that the idea
OF assuming debt of FIVE millions does not in the
least trghten their consciences.
Mr.. Buchanan has perhaps ~ few friends in this
Territory ss anywhere throughout the country. The
position Of II. M. Rice at Washington lie almost uni
versaly osapproved. Our late town elections show
large ga.rs for the Republicans and prove how COM
ple.el, broken the party of the Administration has
been By the course Of the Executive. ".