The weekly Minnesotian. [volume] (Saint Paul, Minn. Territory) 1852-1858, 1858-04-10
$5,OOO,OOO Loan Meeting at Waba-

$5,OOO,OOO Loan Meeting at Waba.
In pursuance of call, large number of
the citizens of Wabashaw assembled at Nor
ris' Hall, March Both for the purpose OF dis
cussing the policy of loaning the credit
of the State to Railroad Companies.
On motion, Dr. VIM. L. Lincoln was called
to the chair,and N. E. Stevens appointed Sec
rotary.
The chair announced the object of the
meeting, and on motion, appointed the follow
ing persons as committee to draft resolutions
expressive of the sense of the meeting.
Jas. Kirkman, j. N. Muir doch, N. E. Ste-
vens.
On motion, w. w. McDougall was added
to the above committee.
j. N. Murdoch being called upon, gave
briefly his views of the matter, and adduced
some sound reasons for his opposing the
loan.
w. d. Rogers made few remarks in ia
vor of the measure, regarding it as matter
of State policy.
Rev. Mr.. Wharton followed in opposition,
making some brief but pointed reflections, on
the course by our Legislature.
The committee on resolutions reported the
following for the consideration of the meet
ing, which were on motion accepted, and the
committee discharged {:
Resolued, That the proposed alteration of
the Constitution to allow the Legislature of
Minnesota to loan the credit OF the State to
Railroad Companies is nothing core nor less
than proposition to involve population Of
13O, 900, men, women and children, mostly
| ~, oh &c io1, ho of
will certainly be obliged to pay.
Resolued, That debt against Minnesota
of 5000, 900 would be at least six times lar
ger in proportion to valuation of property
than that of any other State in the
Union.
Resolved, That the taxes at present impos-
ed upon US aregreater than in many of the
older States.
| Resolved, That large portion of the pop
ulation of the west were very materially in
fuenced in coming here-from the fact that
the tax burden imposed upon them in the old
States was greater than they could bear.
Resolued, That such debt will drive out
large numbers who have already located a.
mong u.s.
ReSolved, That for the last Is years it has
ben the policy of all our wsest and most
prud Mt Statesman to withhold from the Leg
i:latures that power to involve their respec.
tive States in debt, aud the experience of the
States which have incorporated the provision
in their constitutions, fully justify US in main.
ing that policy.
Resolred, That the appointment of com
mttee to report upon the condition of the
companies asking the credit of the State, and
the subsequent discharge of said committee
by the friends of these companies, without
an investigation, affords us strong grounds to
believe that the character and management o.
those companies is corrupt, and will not beal
investigation, and exposure.
Res0Iped, That Messrs. Tefft and Seeley
two of our members of the Legislature, who
opposed throughout the proposed loan have
our sincere thanks.
Resolved, That the Minnesotian, of st. Paul
and the other papers of the TIE. rtory, which
have taken bold stand against this suicida
measure, have our sincere thanks, and we pra,
them to continue faithful to the interest o
the people.
kesoicad, That we will do all in our power
to rally the people to the polls on the 18th o
April and we call upon all who wish we'll tt
Minnesota, to vote against the alteration o
the Constitution.
ResolOed That the Mmnesotiaaa, Herald AM
Lake City Tribune, be requested to publish
the proceedings of the meeting.
After a discussion of these resolutions a
some length by Messrs Murdoch, McDoug
all, Kirkman, Stevens and others, in the affir
NATIVE, a. Mr.. Slosson in the negative, the
were on motion adopted with but one mega
the voice.
On motion the meeting adjourned SIN
die.
WIN. L. LINCOLN, Chin.
n. f. STEVENS, Sec'y.