Saint Paul weekly Minnesotian. [volume] (Saint Paul, Minn.) 1858-1859, 1859-02-19

win not reqdEs great many pieces of silver
probably ten small ones, judiciously ex-
pended, VII amply compensate the venerables
- The Times says it receives the most graft
flying assurance from the press outside of St.
Pau, that their course is approved of by the
Republican party. We must say, that to. our
notions of qualification, the Times is very easily
grati6ed. ILL 49, stt5t - ~
We hope that paper does not include us in
the number of those encouraging there
are any that do: we have not seen them
in the fntamons efforts to get up division in,
the Republican ranks for the benefit of the
Minnesota Democracy.
w ith the private quarrel between the 7smss'
editors and the MINNEsoTIAN we have nothinS
to do. They may fight to their hearts con-
tent; we shall make no efforts to separate the
combatants; but We beg leave to say that
any attempts to make their private matter
a Republican party affair will meet the in
dignant scorn and contempt of the party in
every quarter. ,,,.;
We don't mention this last mean trick of the
Z
itors of the Times and Minneootian, because
we attach sny importance to it as something
that will the Republican party, aside from
the disgrace it brings upon the craft, where
the old man editor is not so well known as he
is IN Minnesota, and therefore as one of the
"young ones" in the profession, we don't
wish our Republican friends who read our pa
per in Minnesota or elsewhere, to rnagine-as
they might if we said nothing about it-that
the "old man" of the Times is fair sample
Of Minnesota editors-that as the patriarch
leads the young ones are bound to follow in
the highway to infamy. Or, in other words,
because he will saerifce honor, and betroypri-
cate confidence, or inuent malicious ISLANDERS,
the young stock are bound to follow in his
lead: r1.'I Fl .
Wehave no fear that the disgracefal attacks
upon the various members of the Republican
party, with which the columns of the Times
has been for several weeks filed, day after
day, will produce the designed effect The
party will not be be divided by any such
scheme. - o.
The Pioneer and Dem0crat may rejoice over
the efforts of the Times to get up prejudice
in the party against the individuals assailed;
but don't, gents, lay the fattering JUNCTION to
your souls, that the detection of one Republi-
party in Minnesota, or even defeat it +; nor that
the success Of the Republican party depends
upon the harmony of the Times and MinnesO-
ti0n.
The intelligent people have got voice in
the matter; and let St Paul papers doas they
please, the people are sound to the core, and
will make themselves heard in tones you may
not like to hear next fall.
p -r
The Mankato Independent|Rspx1ssca
The Independent thus answers the question
of "Who Did It?' in preventing or delaying
| the negotiation Of the State Railroad Bonds:
| The FAILURE TO NEGOTIATE THE RAILROAD
BoNDs.-Since the announcement of the fail
ure of our Railroad adventures, in New York,
to sell the State Railroad Bonds, we have been
treated to some magnificent exhibitions of i'm
potent spleen on the part of certain journals
in the interest of the Railroad Companies
| The absorbing question has been, "Who did
| II" or in other words, why was Gov. Sibley
and associate Railroad managers unable to ne
gotiate these bonds in Wall street? The Pho
neer, and Times, and other lesser lights, to the
number of, perhaps, half dozen, concur in
! laying the whole responsibility for the failure
| upon the Atlas shoulders of Dr. Foster, editor
| OF the Ninnesotian! He it was, according to
| these veracious journals, whose exertons and
| influence were such as to control the financial
transactions of Wall street, despite the stren-
| uous efforts of the Governor, assisted by the
ablest financiers of the State If we are to
believe the assertions of these Railroad organs
| the editor of the Ninnesotian occupies the po-
sition of almoner of the big financial jobs at
the disposal of the bulls and bears of Wall
street We doubt Uhether there is another
journal in this broad land aohich can boast of
50 aoeigAty an i,.quencei just think oft; the
editor Of an unpretending newspaper, away
out here on the very confines of civilization,
welding an influence so potent that, at his
dictum the monied lords of the commercial
metropolis of America bow in meek submis-
sion! Enviable Minnesotian! Happy DR..
Foster!
But seriously. The silly attempts of these
journals to fasten the blame upon the MINNIE
soTlAN, is but ruse resorted to for the pur-
pose of binding the people of the State as to
the real difficulty in the way. The position
in which the State stands to these bonds is
| alone sufficient to condemn them as an unsafe
| investment. Deprived of all real or tangible
security, "placed," in the language of the
Pioneer, one of the ablest of the Railroad COM
panies' organs, lat the entire mercy Of the
borroaoer," and at the same time pledged to
Republication, or its equivalent, by the Legish--
tors who framed and enacted the Loan bill
under which these bonds were issued, it is
with buta poor show Of success that the State
solicits capitalists to invest in them. 1t will
be remembered that the members of the LIE,
gislature who supported the Loan Amendment
to the Constitution, signed written docu-
ment, in their Legislative capacities, pledging
themselves, individually and collectively, to
vote againstany proposition to leUy a taZ either
for the principal or interest Of the pr0posed
loan Of State credit" at that or any other
session of the Legislature. Thus the matte.
stands-the State shorn of all security for .--he
loan, sat the entire mercy Of tho 6oTrosu sr."
according to the showing of the friends OF the
measure, and pledged by the Legis,. ature
which enacted the loan to reputation is II
to be wondered at, that experienced fiIanciers
declined to invest in these bonds under such
circumstances
The;Loan measure was ratified BY the peo-
pie upon the representation that it was to cost
the State n0thing-that the securities were
ample for the protection of the State from loss
and the people from taxation, in any contin-
gency whatever. Such were the promises
and pledges of the Loan advocates, and such
in connection with the profuse promises and
predictions of Immediate prosperity unparall-
eled, were the conditions upon which the peo-
pie were induced to ratify the Loan. And
now, after the failure of their precious scheme
it comes with an III grace from them to turn
round and charge the failure upon the leading
anti-Loan press of the State. With them.
selves and immediate friends rests the respon.
Shitv and houavar hnuo;l; o. srr, - r...- l. A.