The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1859-08-12

their bonds that were issued TO the railroad
companies last growing into bad epute for
the want Of proper legislation, at once pro
vi,ied Tor the interest, aud in so doing made
them good and available in the hands Of the
railroad companies and hence the railroad
companies have been able to meet the inter.
ests 10 the State punctualiy: Otherwise
the result would have been q very different
one. provided they had done as our Repabli.
can State Convention proposes 10 act-,hat
is. 10 oppose all further legislation and refuse
10 provide for the State Bonds makng
them trorftfsSs.
Nov is the time the bonds should be made
good and available. Not next year. nor
n,xt month, but nor. in order that the Rail
Road Companies may be able to pay the
interest and 90 on with their work, that de-
falcation may he avoided on the part OF the
companies, and avoid the necessity OF actu.
ally levying a tax TO pay the interest the
first day ofJune and December OF each year,
and which the faith Of the State is now
pledged 10 pay, or submit TO the shame and
disgrace OF being deiaulters themselves rs
well as the Railroad Companies, and per.
haps repudia,ors in full. An attempt at
once should be made 10 make our bonds
good in order that our banking institutions
be based on sound aud firm basis. IL may
be the settled policy Of this deiamng and
repudla,ing faction TO make provisions for
the payment OF these bonds after they have
been sacrificed and passed into the hands of
brokers, Spectators and their runners, Uor
ndughil Of whom this faction is mostly
composed. Some Of them say they arr will
Ing TO pay the interest and principal at the end
OF IS years. Is this the way TO preserve the
plighled faith Of the State from the stain OF
liquidation Issue their bonds or coupons
TO be paid in the city Of New York each
June and December, and pledge the faith
Of the State that it will be promptly paid
and then turn around and refuse to make
provision in time for the payment, and force
q defalca,iOn on the part OF the companies
and make the State equally deiaulters'
The same ingredients compose our State
Convention that composed the party that
threw cold water and traduded the State
bonds last winter, and prevented them from
being negotiated by Gov. Siblcy. II was
an effort made on the part OF some Republic
cans to prevent the Gov. making fair nego.
tiation.
Republican Policy set Of towards that
have not the manliness tsave FOSTER to
come out and stand on anything but vague,
milk aud water, negative platform. that they
can cons,ruc into anything you SCI I
and now you don't see it.
Where were the delegates from Winona
county, Dh they speak out the sentiments
Of their couDiy-or was their first love for
Office in portion OF them so great that they
went in blind, heart and hand "Con,ro-
versy extrinlely annoying TO them ON such
occasions, aud hence quail before their die
gators and masters | should think that
the ant.raIlroad spirit must have run high,
when hear Of one OF said delegates hopping
up and stating 10 the convention, disclam-
ing, on the part Of the nominee OF this coun'
~ oil fellowship or connection with the
Transit Railroad. which is rather bare laced
as well as quite untrue, and uncaled for on
the part OF his constituents
iIrSRy ID. HvrF.
-U,nond Democrat.