The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1859-08-04

have the authority Of Hon. MAKrrS
McLgoD, President OF the Convention, for

MCLEOD, i ftriucDt VI the SouVtntioO, Iot
placing your name. Yen we're member
OF the committee on resolutions-ss such
member you joined in the act Of concur.
renee which preceded their submission TO
the Convention-you voted tor their adop-
ton; aud whether or not you performed the
mere clerkly Office Of scribe in writing them
on paper, you did perform all the essential
acts, aud incur all the essential responsible.
ties, Of authorship.
(e.) How do you show your honor as a
man or your regard for the credit Of the
State"g Let US see. The State OF Min.
nesota has issued its bonds as loan of
credit TO the various railroad COMPANIES.
The clause in the Constitution which au-
thorized their issue, provides that "The
said bonds thus issued shall be denominated
Minnesota State Railroad Bonds, and the
faith and credit OF the State are hereby
pledged for the payment of the interest and
the redemption OF the principal thereof"
companies, towards which the State occu.
pies the position OF enlorsor or guarantor,
but the direct obligations Of the State, for
the payment Of which the public faith and
credit have been solemnly pledged. 1t is
true the State has cxacted and received
from these companies the securities required
by the Constitution together with the obi.
cations OF the companies to make pro.
vision for the punctual payment and re-
demption Of the bonds issued and delivered "
to such companies, /" and for the punctual
payment of the interest which shall accrue
thereon But this latter proceeding is one
entered into exclusively between the com
panics and the State, for the sole benefit of
the latter, and with which the bondholders
have nothing TODD. The purchaser buys these
bonds on the faith and credit OF the State.
and not on the faith and credit of the com
panes. Whoever, therefore, makes the
assertion, which You and your associates
gency OF circumstance, that he " will oppose
any attempt to tax the people Of this State
for the purpose OF paying the interest on the
bonds issued to the railroad companies
ccrtlhes the fact that he cherishes the ina.
my of population in his heart, and tina, he
only awaits the occasion to place its dis
honoring brand, voluntarily. upon his
brow. Now, in your case, Mr.. AaEs,
the folly OF the thing is equal TO its
iniamy. To give the essential scoundreism
OF your character tuII play, you travel be-
yond the realms Of fact into those of fiction
For, there is nothing in the actual state of
affairs, which calls either for the liquidation
or the population OF these bonds, on the part
Of the State. The principal of these bonds
does not mature Tor some twenty-odd years to
come. The interest upon them has been
promptly paid, as i, accrued, by the compa-
MES, without cost or inconvenience to the
State. The companies have not asked to
be relieved from any of their responsible
+, ties, either as to the payment of interest or
principals No party or clique Of men, po-
litical or financial, has asked that the no-
, pie should be taxed for paying the interest
on these bonds. And yet, in your indecent
haste to ventilate your dishonesty, you as.
sumo fact which would be diScreditable to
our railroad companies, 10 order TO advocate
measures which would b. dishonorable to
the State-a State. too. for the credit of
which you impudently profess a regard.
: Under these circumstances, while VIZ appre-
. cia,e your discretion in retiring from the
e judie'a, canvass, we appreciate, also, your
cutting irony upon the idea OF personal nteg.
rity, when. under the same circumstances, you
: make pro,estations Of your honor as a
man.
Il. II strikes Us, Is slightly surprising
that, TO controvert our opinion which
carries no weight with it, you should have
4, thought it necessary 10 consume so much Of
your valuable time. aud try so severely your
amiable temper.
4 (g.l We appreciate your forbearance,
and admire your delicacy of tone and chas-
ti,y OF style. We confess however, to some
n curiosity concerning your epi,he,s." which
=, we should like 10 have gratitied, at your lei
surf 4 YOU feel certain that compliance
with our desire would not transform you,
also. into a" BLACKBOARD"
a. \ request which was qnite super
q, huouS We never ssek TO prevent any man
= writing himself down an as, when be
:, seems determined TO DO it, nor have We any
:, disposition TO ,h~ar, bis desire when h.