Red Wing sentinel. [volume] (Red Wing, M.T. [i.e. Minn.]) 1855-1861, 1859-10-08

RDAY. OCTOBER 8, 1885,
pledged to nothing. There is nothing
in it which asks the people to signify
whether they approve of the policy o1
the Government or whether they dis
approve oft Gov. Ramsey-and the
resolution appears to have been framed
for non-committalists like him-.-ds.
clares that it means nothing. At Wi
mona, where he made his celebrated
thirty column speech, which was fully
reported in the Mienesotia,s---a paper,
by the way, which is rapidly retiring
to the west---(a laugh)---at Winona
Gov. Ramsey was asked, if, supposing
the railroad companies should default,
and forfeiture happen, and the Leg
stature pass a law imposing = tax,
would he approve Of such tax? 90
6 Well, replied the governor,"I don't
know---it would depend upon circum-
stances" -.-uaughter.) This is jus,
the ground for complaint which l
have against the fifth resolution I. do
not know what it means. It means
anything, or it means nothing. Tha,
is what Gov. Ramsey says, and that
is what say. But such a resolution
is not what the people want. They
require something more de6inet. 1t
is framed to suit all kinds Of places.
Discuss it in some latitudes, and it
may be understood to mean Repudia.
ton; whilst, in honest neighborhoods,
it bears the appearance Of taxation.
Now, let us see how it translates itself.
1t reads thus:
Resolved, tyth. That however me
may have originally differed upon tn
adoption of the Five Million policy; we
will unite in a determination to presrve
the pligh,ed faith of the State from
the stain of Reputation, by meeting
all our obligations to the extent of our
honest indebtedness; that in regard to
the question Of the taxation of the people to
pay the interests on the State Railroad
Bonds, we held that the Constitutional
Amendment itself points out the mode by
which that interest shall be met that we
will faithfully carry out and abide by thA,
amendment, and shall hold the railroad
companies to strict compliance therewith;
and that we shall oppose all further legis.
lation upon The subject until default and for.
feiture shall have been made on the part OF
the companies.
Now, gentlemen, we have here a
very nice use of terms. "Honest in
debtednessw What significance is
there not in that single word ''honest!''
1t is a very pregnant word, and is
worthy Of the most attentive consid-
GRAFTON. In this connection, I would
refer you to, among other statements,
the letters of Mr.. Banning to Mr..
Becker, in which, after green fields
and running brooks, he grows fero.
cious and declares that the railway
Indebtedness is dishonest Laughter
l would also refer you to the Miane.
sotian, the leading organ Of the Re-
publican party in this city. l would
commend to your attention its 2enun.
citation Of the loan policy and railway
policy, and especially would desire
you to notice its loud-mouthed decla.
nation on the dishonesty of the rail
way companies, and the dishonesty OF
the means by which the Loan Bill, Sc
called, passed the Legislature. They
!: say that the $3.50, 900 dollar loan was
an honest Indebtedness; but the rail
way indebtedness incurred by the
State was dishonest. This is the in
depreciation put on it by the Republi
can critics. This is the Interpretation
! which the Mtenesotiap put upon it
this is the Interpretation which tha,
! Jupiter Tonans, Mr.. Banning, (laugh
} ter, put upon it-and this also is tn,
Interpretation put upon it by Mr.
Chandler, the first gentleman mixet
!, up with our politics during the pres
: ent campaign. From his high posi-
, tion, as Senator, even that gentleman
descended to preach reputation b,
two falsehoods. There were, he said
some parallels existing between Mich
: igan and Minnesota in this matter. l,
j Michigan they had issued bonds for :
) 100000 loan; $2,500,o0O Of which
, has been honestly appropriated, bu
for the remaining 800, 900 the Stat,
had never received dollar. Ye
these bonds had, he said, never beer
: repudiated by the State. Now, thi
f was a gross falsehood, coined for til,
!, sake Of reputation. The facts ar,
simply these. The Governor was au
thorized to negotiate the bonds il
! question, and succeeded in negotia
, ting 81, 500, 900; bat the other 81, 500,
900 were left for safe keeping in tn,
hands of the Morris Canal and Bank
cling Company. BY this Company
& however, this amount was hypotheca
, ted for its own debt, and the govern
ment very properly repudiated tn,
: bonds But further, this Senate
, went on TO say that the State of Mich
+. igan passed banking law, the effec
t Of which is now, for 81, you can bu.
bills enough to paper this room. Wa
= this honest? Ask Judge Goodrich
! far he slept in the alley, daughter,
, what this law was. After ali thei
/. twaddle about honest Indebtedness
e we find these Republicans going on t
. l..,, ~ ro~or1 IN tho ruo,<;on ,F <o~,