The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1859-01-27
=. Not Dead Yet"

mother from the feld of Pavia, Madam,
all is lost--but honor" be supposed in his
despair that be was writing the eptaph Of
France. He was in truth writing its mani
festo That defeat saved France. 1t was
the germ OF q long career of glory. 1t in-
fused an activity aud an uuanimity into its
Councils and . spirit into its armies I
which nothing else could have inspired.
And so we in Minnesota, 80 far from being
permanently injured, by the recent financial
failure iu Wal Street, can if We choose,
turn these very msfortnnes to our benefit.
In the dying words OF WEBSTER, according
to the translation which prevails in New
Hampshire" We are not dead yet"
Minnesota, whose tate was sealed for
ten years yesterday, to-day has broke the
seal, and she declares. as she tramples the
instruments Of her disasters under her feet,
that there is no fate TO an enterprising
people but their own,will. 1.-The extremity
OF a force is the nucleus Of a reaction
That useful bird which is never wanting on
such occasions, the Phoenix Of new
policy, rises from the ashes Of the old. We
are in truth in the situation OF WEILING.
TON when-the fruits Of q series Of splendid
victoriesapparently lost by the cowardice and
imbecility the parallel would be complete,
il we could say the treachery of his Span
ish auxiaries-he was compelled by his de-
feat at Burgos to retire behind the iortif-
cations of Torres Vedras, from which flowed
a continued stream of triumph till it over
turned the power Of NAPOLEON and re-estab-
lis firsheu rrs rsacc q r Europe at Waterloo
The local resources of Minnesota are our
Torres Nedras. BY diligently making the
most Of these we can retrieye--not in ten
years, but in ten weeks-all we have lost
by the malice and meanness of men who
turn the sustenance which the people of the
State afford them into poison to blast its life.
blood. On the whole, we are inclined to
believe that Thomas FOSTER does not hold
the destines Of Minnesota in the hollow of
his hands--that we will even survive the
Rabbits and BLATHERsRIrEs of Minneapo-
lis, the Tribune correspondents, and episto-
larry Vaccinations Of CLARK, DODGE & Co.
The failure to negotiate our bonds in
New York, was the result oil the combined
efforts OF these worthless TO impress it upon
the sensitive mind Of Wall street, that the
faith OF Minnesota was not popularity under
stood to be pledged to protect the bonds in
case of default by the companies-and that
the N,nnesotian, which carried the prestige,
Insignificant here, to be sure. but not with.
out ITS weight in New York, OF being the
Official organ Of the city--represented a
widely prevalent sentiment in favor of repu-
dlalion-and that in any event the State
was too poor to pay the interest on the
bonds, even il she wished TO do so. Copies
OF the M'nnesof,an-th Ant.- Minnesoi,an-
containing articles OF this tendency, we're
regularly seat to New York, and assiduous.
ly distributed by New York brokers inter.
ested IN the failure Of the negotiations, in
quarters where they would be likely to have
elect The epstolary agents of these bro
kerr came to Minnesota, and by means Of
letters 10 the New York Tribune. and res
oIutlons howed by rowdies through packed
meetings at Minneapolis, organized the sys.
TEN OF Misrepresentation, whose fruits are
now apparent The Tribune correspond
ent boasts, we are told, that he came on
here expressly for this purpose, for which be
IS doubtless 10 day exchanging congratula.
tions with the editor Of the Mrnnesof,an.
These ISLANDERS pressed from a multitude
OF quarters at once upon the attention Of
New York captalists-alwsys attentive to
charges against the good faith Of Western
States and with fresh examples Of reputation
before them. had the effect designed. They
engcndered the suspicion, which, NJ matter
how groupd'ess and false, was fatal to the
bonds. 1t was no, enough for them that
repnda'Ion was improbable, they could lot
rlsN the remotest possibility of it.
Well. let them go. About 81 200 600 Of
bonds have been issued, for the redemption
OF which, II the Railroad Companies should
default the State will be responsible. But
the Railroad Companies will not defaal,
Every mile Of Railroad now graded in Min.
nesota, except some fragments in the South
ern part Of the Staie-would if completed,
earn much more than sufficient b. pay the
interest liabilities on the bords. We will
undertake in few weeks. at most, 10 show.
At least IS far as the Minnesota & Pa
cIic road Is concerned. that the amour, Of
traffic AID travel over its line, will paya
handsome profit over tie eyn.ndj,n-a Tho