, 1859-06-21
41rtss 4 Trihtt1tr.
EATA9

S0TA7 {. h
We have d few NERDS Il, say TO our freud
i'll minnesota in vicw Of tlc:r present tinanci:
tro.1blts-no, by way If advice, hut Of SUI
l-'s,ion merely, which they will Of course ae
rcpt or reject according to thcis own pleasure
We need not remind thcm that their prcsell
condition is sad one Or that tiley f,xyc
clearer comprehension tll:4n it is possible Il,
outsiders to gain. 1t comes home TO every Oh
oi them with n stern emphasis, and starts til
inquiry from every citizen, Wlat eau be don
III save ourselves and the State from inpeud
lug run?' Tic case stands thus in brief:
I. By the encouragement If Congress Il.
State was induced to project n,ar,,itcrl
system of railroads. far i'll advance Of .cr actua
wants. To secure tl... lnlihi;n: Of 1lrsc roads
ns the people were led 10 Ielieve. the credit j,
The STATE was loaned 10 The several railroa
companies to the extent sf :S'.0n1,000 to !"
furnished as the Various lin's progressed
II. rpto til: date ahou. 50 Q0O, 900 If :stl.'
hoHds have been furnished the companies j!
accordance with t!c terms u. the -tri.
III. IF the bonds SO furnished portio.
have been hyro,hsca,ed ',y Inc Companies f..
,h,' }5an s' mo.4ey, 1t al'oat twenty-five ceu,.
81 the dollar; about S::;O0.nNu have becu ustt
as a basis 1or currency which is now III Ill,
hands of the people If M;Ere~4ta and tue n"
mainder is either in the hands Of the rail
r"ad comra:.ics, u. they hold in place Of tlsc
currency which they intend to put into ci5c.,-
'a:ion if tie credit Of that kind Of cnrrr,c.
aSa:u comes up.
IL The currency iss1ssa upon the-c
r:.:!7uld ',u:,ds i ,au ln1.tr received tx
i:,' i'ankcrS nr brokers M' Minnesota, :t:.d !,
*,'>cluv:'.ly l!.'> worthless II the l.an,l* .:
.l:.tuni 1l.'s,!rrs.
Y. TllvSc bonds have ~ market value III
New Y"rk /! 1lsrow,. u,s.n that nl:.,kp, il.
,h* n:esen, state e; l:aclS rss;rt;g tl.c,u tItr,
is M probability tIas they would soil for five
cea's III tho dol.ar.
NJ. Not Il single milo I'll road has been COLI
plead. lr is ,l4rrc any probability that ii thu
5000" ."cu loan should l,c expended. that :;
>t.l.i,. ii1l,. u. road wus;ll an ln!sl!ed w}4:el
".'u,ri l.1y rAuul14r expc,a>cs-
VII, N'u.n on tue r.,.is has cc:lsei-tLc
.,.:E,'tlcs ;1rv :,ankrap1.
II WI! Inns he st,n tia. tr currency and
~" projected rli.7o:Ids ii Minnesota III,
t';,1 enough. II is Lot 20 evident. however.
t!at tie |rcsln!;.ry salvation If boll I'll,
lr'''I''r aud the tate depends upon keeping
f!v.n 81: YET few le:s,',ss in Minnesota.
a'.l every Intelligent u,:4l outside Of tlt
;r. IS full; cu:.yil.c.,l y the latter rs
ti,:v -? tue former. If Tie 500o, 900 loan
"''"ld secure the completion o.. the ruads, :1na
+ there H..rr :lt1l,;l ,icri Ut item wlrn ct.-
l,l-r'i, 81 that the earnings would meet Ire
i!a''Erst on the bu:uls and ultimately pay the
principal, then it wt'nlJ he llal.l1y enough the
l",!i"y Of the State t" issue the wl,ole lonn
;,H,i ;,ls"to ,ranta'n the credit or,tho currency
j.4s'.sl upon these l.oln,>. Cut Minnesota In.
heed ii her rroi'"rri *ystln Of r'rstis
~ than Illinois had itr |, .r. III lS3G, With
1'!r li,trr Sat'' rushed "all',!g into il debt
q. 1l",rly twenty millions Il; dull:,rs. t;,r
"is:c4 s'lr las nol AID Lever l,us had
:: single lI;!c of ctHnpl'.icd road tu sliow
/: is III: saving t,o lu,r's. t',eret;,rr. even
Il Ills is.lI of :;>5',Uuh,Un1 would s..tlrc tie
,r'as,,i,,la III 1llc Minnesota :"adS-wi.icla il
VIZ! 'rt-tl;at l'o. the :.n'at.liv acrrHius H.
r.'s1 md ultimately 1l,c l':iHa':;,al would ,,c
/ f"' r;iScd l'y 1ax;1i"n. Tl.;s. or rcpndla,ion
-':4r "r tic 't'n,r-would lseco:ar iucv:ta-
;'.. The l"'mcr Il" pcoi'iv arc mt :lfl" tu
is'and-1te latter would result in throw
it,: nearly :S5.UOH000 ii: worthless cur-
r.:e'y UPON their !r,sris which would
h4:!hEHpt ti,c HEti,F ]mrl ue them. Tie
.!;.'.>,i',s therefore. for Tie Minnesota ;r.,l.
I" ;'n>wer-w1l;cEl they musi answer AMI
:::n s!H.cdiiy-;s, whether they will lose tie
S3oo.hoV If railroad curre!arv ,ow :l!oat, an.i
!l:.kt S1clI arrangements trr '!r red snlp1iou
;c Stare bond. :1lrtriy ia$utd To tic railr.a,:
t:':l,l'a'!i"4 :ls lest they c; .r wllctl,rr tey
will hoost this t',.rr","v ;.;uiu intn credit.
;tl;'r9 the swin'llcrs Ill c}y,"g,uni1y Of issuing
-, 1d', ,0du norc n ii. aud ,Esru i.st the Whole.
''>':< l's!u1ilE the rr}'rn.'''l OF re1n,liat;u,,
n1"'i tie Stale? X. In ltt.t luliy,c tho,
viii t:clii"ral ion: us IL ie allswcr they
VIII =irr i" ,'lIs 4:''.st. l;'fhcy resolve 4,,.
.' ~ f''''1"r 'r'ar2.. :ls vi c'icy. tic; vii,
;.r: ~.l| !'fdfl';: rM Ii :,it.y. i;,s ill.,. ii
:" Try
l. ni,"'s:l:". /: rvcrv ,litIi - rcs,..&.i,at.
;'' vtl1,' ii ti' Eai!r.4d rust"ncv, either by:
;::>-ll t'r 'y any osiser legislation, str,l..ss So
rn:cd :t.ai1ls tu further i>:lc If tue sc .!,..
>criI':i'n 't CURRENCY
II. Tile abandonment "t' Ill t!e Projected
rsatis. except tlla "ur which will afford tLe,,
the F"st md c!sr:'pcs; willl1r outlet IL H.
markets o' t:.- ~'H:ll-4s.c mi: road III nry@.
en- needed in Minnesota. aut! certainly H..
''''y one 'l;at would r'y run,t:'y cAlpn>,s
Ill. 1Ar rclemt,:o,, II! nj! the Ssat,. l",ml>
14at l:sv. hrt'f: issued II IT, r;l:lr4,} ,1,,,u;-
:vs .''7 what 1l"y uH:,: :,,.;ally lu:.vc 4. st
':.n~' Who 1,',w Ill 1,1!--wlIisl. for 1l,t.
N.|r :';Er;uh' ~>lu. j. rrs'h:t;.:v l,.$ tl,au TT,
tf:'.tS s'n The d'r- This ,.,, hc done liz tn.
'eS''c o' New bond: payable: principal mud i'll.
'vF'sst. ont ri lfc Stalk: Tr,..s,ry, aid ut;,l
w'':l!d Sell reality il! ,!4t: New York market a:
4 Fit r.Itc. thus etaiii,. The .1u,litor to r,,rr
III: tse rAl!r"d CURRENCY in,w ,.u,, a, ,souutl,i,,
I...t its f:rr.
Sui! = line Vi l,vl;cy w11:].l relieve Min,c.
>t::l t::En ler p7.-:s,ut tpis,,ra.stss,.nts AM,
!"r>i mistaken lr''li. 1t Il ,nl:! test e 81, ,0oA
o'' II slH' csa;H' fur tia; ~u, !rtu tho ruiz,
aid Bankruptcy Tia, ..,,w l,}a,sl over hnr.
sf:'' '44ay regard f"r>c as peculiarly fu:;r,!..1..
similar experience, t"'<, l!|i.":< we'll nigh sl5,
oo'F,"'' -a> Minnesota il :ti."i TO her ,y.s-
e'fl'c't4ocf:ssle STATE utcer~ ':,r tic worthless
currency that HOW luocks IT,. l,op,s ot ,u.,
I""'p'@ aud wl'~" collapse llS laralyzrd their
'':'"Ts~s. We especially lr1r to svc the Ee-
i'I4''llta'is ii lllat State TAXI tro1v rrouu,,
Hi'on tie subject. Suc|,a ,'ul.rsr ii III, vuIy
rder t4:'r future certain, hut il !. ii also ct
t9e them. rs purity. lu ,lic proud distinction
Il: having rc>rucd rilc If H.. most lu,nrovin,
states ii the <''nl'sl.raey irun the hands OF
corrupt politicians and professional swinacrs.
KoSsCTsf, MAxzISt, GARIRALnr.
AND NAPOLEON.
lhSe arc acal!t. :.s il. the t,41n,4Its Of 1853
th '''''st prominent nf all nn.:rs it the eyes If
'n'1ste'!doin Around ,llcln :lrc concentrated
IL: hopes aud iea,s ot millions or human ,..