The weekly Minnesotian. [volume] (Saint Paul, Minn. Territory) 1852-1858, 1858-03-13

of said bonds are issued an amount of first
mortgage bonds on the roads, lands and fran
chses of the respective Companies cores
ponding TO the State bonds issued which
shall be transferred to the Treasury of the
State at the time of the issue of State bonds.
In case either of said Companies shall make
default in payment of either the interest or
principal of the bonds issued to said Compa-
nes by the Governor, no more State bonds
shall thereafter be issued to said Company so
in default, and the Governor shall proceed to
sell the lands held in trust as above, or re-
qure foreclosure of the mortgage executed
to secure the same. Lost, ayes 26, nays 43
Mr.. Libbey offered the following amend
ment:
10 the fifth line after the word "Minneso-
ta' insert "The company or &C companies de
string to obtain such aid, having first issued
to the State Treasurer first mortgage bonds
respectively, equal in amount to the proposed
| loan Of State credit to each company secur
cd by mortgage on the roads, lan'is, franchis
es of the respective companies, having eX-
elusive priority of all other liens thereon,
created or suffered by said companies or Ell
ther of them, executed to said Treasurer for
the use of said State and as security for
loan, tten," &C. Lost-ayes 27, nays 81
| Mr.. Parker offered the following amend
meme:
/ Strike out all after the word " issued" in
sixty-fourth line, to the word the, in sixty
sixth, and insert the following:
GA bond approved by the Treasurer in
the penal sum of one million of dollars, con-
dtioned for the payment to the State Treas
urer, semi-annually, of seven per centum of
| ~ i r Il.
pose of creating fund for the payment of
/ the interest on the Minnesota State Railroad
Bonds, and a further bond, approved in like
manner, in the penal sum of one million dol
lars, conditioned the said company shall con-
vey to the State"
The amendment was lost-ayes 10, noes
4S, as follows
Ayes-Messrs. Bacon, Bray, Campbell, Gaskill, Han
son, Heyd, Smith johnson, lie Blond, Leonard, LbDey,
Lord, Lyle. Parker Peckhan, Petite, Randall Seofeld,
! Seeley, Vertress-19
Nays-Atkinson, Balcombe, Bearce, Burgess Buffers,
Carpenter, Chase, Chowen, Crosby, Cruttenden, Cum
nings, Decow Eames, Frost, Fladeland, Gibson, Gra
! ham, Grover Hawkins, Keith, kinghorn, Kingsley,
Locke, Masters, McGrorty, Murphy, O'Ne Otis,
Pierce Poehler, Powers, Rauch Rehfed, Rutan, Smp-
son. Sheetz, Starkev, Stevens, Talbot Teft NJ Thomp-
son, T. A. Thompson, Townsend Tuttle' Way Wilson,
Young, Mr.. Speaker-4S.
Mr.. PIERCE moved the previous Question
tUtUJ6utUlE
of the bill. Carried.
The bill was then read the third time.
The roll was called and when the name of
Mr.. TEFFT was reached, he said in expana-
Sion of his vote, that he had opposed the bill
. IN principle. He was opposed to incorporat-
ing INTO the fundamental law of the land
loans by the State sor the benefit of private
corporations. But while he had consistently
opposed the measure on the score of princii
pie, he must also protest against the manner
in which this question had been preciptated
on the House. This aiious measure which
but few weeks ago had been viewed by the
representatives of the people on this floor
With lOathing, as a monster of horrid mien. d
was nov to be embraced. Its friends were
50 anxious for its passage here, that they
have taken it out Of the ordinary course of
legislation and save it precedence over
everything else. This bill - the most i'm
portant that has ever engaged the atten
non of any Legislature in Minnesota
had been scarcely 48 hours in this House
We have not spent as much time over it al
We did OH the nlll for the removal of tn,
county seat Of Dodge county. 1t has beer
50 hurried that there has been no time to fly
it tship-shape and it is impossible TO tell from
hearing it read what the bill really contains
At no time during its pendency has ther
been an opportunity to discuss the merits o
the measure. The passage of it had beel
brought abont by system of appliance
which he fOrbare to mention. Men had beel
; importuned had been beaten till the,
had finally against their better judgmen
yielded to the pressure. But he would war;
Gentlemen, that in the event of the applian
ces which had been so successful here bein,
equally SO before the people in the fastenln:
Of this incubus upon the State, that in les
han five years, when the people were groan
ing under the burdens of the taxation i'm
, posed upon them By the passage of tbi
; measure they would look up the record O
the part they had taken in tins days worl
with more terror than that wh'ch possessed
Macbeth in bcholdng the ghost of Banquo.
The bill then paased-ayes Al, nays "a
See list in another column)