The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1859-12-30

PRESIDENT.
Prayer by Rev. JOHN D. POPE, of the
Baptist Church.
STATE UNIVERSITY.
Mr.. HEATON, of Hennepin, offered the
following resolution
Resolued, That in addition to the information
given in the report recently made to the Legis-
lature by the Secretary of said Board of Re.
gents, the said Secretary is hereby required. at
the earliest moment, to report to this body q
more particular statement as to the settlement
with the contractors who erected the Universe
ty building-how many notes were given to
said contractors. the date and amount of each,
the names of the persons signing said notes !;
also, a statement of the negotiation of the
bonds first issued under the act of Feb. 81,
1856, when they were disposed of, and how
much was realized thereon, and ho,o and in
,chat manner the proceeds were applied also,
a more full and particular statement of the ne
gotiation and sale of the forty thousand dollars
Of bonds-the date when such negotiation and
sale was made what number or numbers of
said Regents negotiated and made such sale,
aud in what currency was the amount on the
sale of said bonds realized, whether there was
any agreement that said bonds should be used
for banking purposes, and if so. by whom, to
what extent, and by what authority; also, a
more full and particular statement of the dis
position and outlay, of the amount realized, on
the sale of the same; the number of the notes
due the University, from whom they are due,
and for what they were given, and all other
matters and things tending to give full and
s'tisfactory exhibit of the pecuniary condition
of said institution.
Mr.. HALL moved to strike out from the
resolution, the following:
"Whether there was any arrangements that
said bonds should be used for banking pur.
poses. and if so by whom, to what extent, and
by what authority"
Mr.. HALL thought the Senate should
not call on the Secretary to state whether
inducements were offered to Sewall, Ferris
& Co., to induce them to purchase the
bonds for banking purposes. He did not
wish to place the Senate in a false position,
that the information asked would not appear
on the books of the Board of Regents.
Mr.. STEVENS said the Regents had
nothing to do with the use of these bonds
for banking purposes. They were sold in
New York, and parties there brought them
here, and used them for that purpose. The
Regents were composed of men of both
parties, who endeavored TO work for the
best interests of the State.
Mr.. ROBINSON wanted to know all
about the matter-the people wanted to
know it. II there had been any skulldug-
gerry about the matter he wanted it probed
to the bottom. How was it that these
bonds came to be used for banking pur'
poses, and the people swindled? He did
not know-nobody knew. He was in ia
vor of making thorough investigation
into all matters where there was the least
suspicion of rascality, and of showing up
the actors therein.
Mr.. STEVENS said the bonds had al
ways been at par in New York. Mr..
Aiken, of South Carolina, took $4,000 of
them at that rate.
The original resolution was unanimously
adopted.
Mr.. HALL offered the following resolu-
ton: