Saint Paul weekly Minnesotian. [volume] (Saint Paul, Minn.) 1858-1859, 1859-01-22

nit to. nothing that isalwrong." (Great
applause. 80 - - ~, ,'--- !. . -
Mr.. Rabbit had no confidence in any Of the
Roads, much less the Minnesota and Pacific.
When good contractor offered to build their
Road for sixteen thousand dollars per mile,
they refused the bid, and paid Chamberlain
taoenty- three thousand dollars per mile !-un-
der the agreement that he should pay back
seuen thousand dollars per mile, to certain d.
rectors, as corruption fund. That was the
way the five million loan was to be applied
(Groans and hisses.) a- .-,
Mr.. Keith was not here as the champion OF
the Railroad Companies. Because he had
voted for the loan bill, in the Legislature, ne
should not be made responsible for their wrong
doings. He hoped the people would be care
full what they said here tonight, as he under
stood there were reporters for the New York
Tribune and other papers present. and the
proceedings would be published to the world,
(Wan st. included.)
HIT. Wells, Esq, Director in the Mime
sofa and Pacific R. R. was loudly called for
and came forward. He said he supposed he
was expected to reply to Mr.. Bassetts speech,
and would do so. The speech of Mr.. Bassett
was rather damaging to the M. P. Col
He believed the Anti-Loan men were honest
and he claimed to be honest himself To ben
eft Minneapolis he went into the Board of the
M. & P. Co. Is that Company as corrupt as
Mr. Bassett had represented? If so, he was
not aware of it. The Company is said to be
corrupt, but can you get better or more hon.
est one? When the Milwaukee men left the
company they said they had paid tsoo hundred
and tsoenty:four thousand dollars to buy the
land grant through Congress, and that amount
they wanted the company to pay. Mr..
Wells was here subject to severe cross-ex-
animation, under which he suffered severely.
The Chair finally came to his relief and de-
clared all questions out Of order He thought
the people should be careful and not incur the
displeasure of the r. R. Co.'S. They had
great power, and Minneapolis should not in
woke their hostility, President Buchanan had
his secret fund to carry ON operations, and
Corporations had their secret fund to carry
| out their measures.
If the resolutions introduced get into Wall
street, the credit of the Bonds would be gone.
The Governor and others now in New York
would have to pack up their trunks and come
/ lat I,,o Of fbno1
resolutions. But he knew the power of the
R. R. Co.'s. He was at Washington when
the plan of operations was decided upon, and
he knew they were a power too strong to re.
sist. Here Mr.. Welhes was asked whether
the Co.'S were exected to pay interest on the
Bonds, or whether session of the Legislature
was to be called for the purpose of levying o
tax for that purpose. He was evidently
"stumped" by this question, and hesitated
before replying, but finally said he knew no
thing of the design Of calling the Legislature
together for any such purpose.] Some one
asked how it was to be paid? Mr.. Welle:
said, The Companies aoillpay the interest to'
t,co gears, until the s01ole amount Of Bonds ar
issued, IN order to keep their credit up. Th'
interest soiI be paid until the whole amount O
Bonds are issued By the State" He though
the Bonds then would be worth seventy cents
on the dollar. He did not expect the State t.
pay the interest," Yet if we said we woul(
not pay the interest on the Bonds, it woult
not hurt the Bonds. Capitalists would infer
reputation at once.
Owing to the lateness of the hour, the meet
ing then adjourned until Saturday evening
| next.