Saint Paul weekly Minnesotian., 1859-07-02
From the Falls Evening News.

Railroad and Currency Meeting.
The citizens os St Anthony assembled at
Stanchfield's Hall, Saturday evening, June
25th, and the meeting was called to order by
N, H. Hemiup, Esq, whereupon G. A. Tuttle
was chosen Chairman, and L. B. Foster, Sec
retary.
Judge B. B. Meeker then addressed the
meeting on the following topics, viz:
1st. The acts Of our first Legislature in
regulating tihis s99,aries of our State officers.
I'd. The Railroad System and Five Million
Loan.
3D.. The Currency based upon the Bonds
issued by said Railroad Companies.
The remarks were closed by the Judge
offering the following preamble and resolu-
tons, viz:
WHEREAS, 1t has been proposed to build sys-
tenn of Railroads in the State of Minnesota, by
lands granted by Congress- yet in fact, charged to
the peep, and by the credit of the State in further
aid of the several Companies; and
WHEREAS, The currency based upon the bonds
issued to said Companies has fallen worthlessupoa
u Rssozpeq, That the People, in their primary as
sembages and elsewhere, owe it TO themselves to
take steps to relieve the State from threatened
bankruptcy, and themselves from the loss and
disaster of a deprecated currency.
EesoIeed, That the Amendment to our Constitu.
tion authorizing loan of i've million of dollars to
certain Railroad companies was inconsiderate and
unwise, and calls aloud for some correction under
the influence of the sober second thought
BssolUed, That 1t is our conviction that no more
state Bonds shoeld be issred,to these companies
A,A<-arR R<,k1~. IL
Imperative duty with our next Legislature to pro-
vide for the payment Of the interest that may ac-
crue on the two million already issued.
ResoIced, That we abhor aud loathe Reputation
and that we will, each and every one of u.s. use our
means and influence to save the credit and preserve
the honor of Minnesota from SO foul blot, vet. at
the same time, we would assure said Railroad com.
panles and all in authority, that the best guarantee
against such an extreme measure of relief is that
no more bonds be issued6y the State in aid of these
r0Qdc.
BssoIued, That in our opiaion, the policy above
indicated, of issuing no more State Bonds; and of
providing for the prompt payment of interest on
those issued, is the only method by which the lat
seT be made to s5aRg like
in the hands of our people based upon them, to
appreciate to their nominal value,
hesotced further, That inasmuch as what was
given by Congress to these roads was charged di-
rectly to the people of this State by doubling the
ted States, and as they the people, have more
oYer loaned their credit and become liable for two
millions of dollars apd accruing interest, they have
right to expect these roads 10 progress steadily
to completion, IN good faith, and according to the
spirit and letter of their charters and the act of the
National Legislature.
Resotued finally; That the rumored abandonment
Of high bridge over the Minnesota River by the
Minneapolis y Cedar Valley Railroad Company is
virtual desertion of this populcus centre and
deprives our people of continuous thoroughfare
to the Railroads South and East of us, and South
erp Minnesota of convenient access to our lumber
and other mapqfactqres.
Geo. E. H. Day, Esq, then being called
upon, made few remarks, and offered the
following resolution, which was carried, viz
Resolced, That the preamble and resolutions be
laid upon the table, and that they be published in
the newspapers of this City and Minneapolis, and
that when this meeting adjourn, it adjourn till one
week from this evening, when the citizens may
come together and discuss the subject generally
DR.. c. Y. Boptiller then made few re-
marks, whereupon the meeting adjourned to
meet next Saturday evening, July 3D.
L, P. Foster, sec'y.
st. Anthony, June ~, 1859. a.. s-.-.