Mineral Point weekly tribune. (Mineral Point, Wis.) 1859-1868, 1859-01-18

zion Of lie law. and of the course 1 should pur-
sue 10 compel full compliance with the law,
and to protect the interests o. the State.
On the 3lst day It slay last. ? formal request
was made, by resolutions OF the Board 81 Dlrec-
fafs of the La Crosse d Milwaukee Il. Il. o.
upGn certain prcot, furnished, that auoi her
twenty miles OF railroad bad heeu completed by
that Company, Tor certificate that Such further
twenty miles had been so Completed. L was
furjhcr requested at the same time, te execute
deeds of CONVEYANCE OF the lands 10 which the
Company claimed Il was entitled, under the
certificate which had been made by my prede-
cessor. l refused 70 give any such certificate as
was requested, and also refused 10 execute any
such deeds of conveyance.
The reasons of my action were stated IN & let
ter to the President of the Railroad Company
dated june 2Sth. 1s5S, aud in letter 30 the
Commissioners of tbc Land Office, copies OF
which viii be furnished to The Legislature
The Company claims TO have built sixty con-
tinuous miles of railroad west froIn Portage
CITY. and thai 81 j. entitled to receive therefor
BOZ 300 acres of land, and To make up this am {.
II asks two hundred aad forty sections oi laad
for the FIRST twenty mikes OF road west OF Fort
age CITY. Ii has cucGmbered tLs Grant To the
extent Of four MILLIONS OF dollars. To meet this
Indebtedness, the lands TO which the right Is
now claimed must sell at over thirteen dollars
per acre. The Grant was made for the parpose
OF increasing the facilities for travel and the
transaction of business upon the line des'gHat-
ell. and for the purpose of developing the re-
sources and Fastening the settlement OF waste
and unsettled portions of the State. The lands,
or the money arising from their sale, cannot be
devoted to any other purpose, be used 10 build
any other roads, or appropriated to pay old
debts, contracted before the Grant made by
Congress. 1t Is not a question of local interest.
nor can il be made SO. On the part of the State
and the State authorities, it Is q question of
compliance with the law. aad the faithful, hon
cst execution of great trust.
Entertaining these views expressed IN the
letters to which have referred, | refused, from
the first application, 10 make any certificate or
execute any deeds / shall execute the law as
| understand it. l shall give no certificate, nor
shall I execute any deeds except upon a strict
compliance with the law, unless I am compelled
to different course BY the action Of this Legls-
Iature.
The time has passed within which the roads
from Madison and from. Columbus TO Portage
City were to be completed The Railroad Co
has failed To that extent ia is undertaking. II
Is now masking no effort 20 carry forward the
enterprise. IL remains TO be determined 10y the
Legislature what course ought 10 be adopted in
justice 10 al the parties IN interest
One OF Two courses must be pursued. An eX-
teutIon OF time must be given 10 the Company
within which 10 complete lis contract upon
proper conditions, with suitable safeguards. or q
new company must be organized the purpose
Of carrying forward The objects of the Grant. II
any assurances can be given tv the Company
shat The work Will be prosecuted with any
,. .'1 '.'g "a" ~ ",eI
- ,,i -, 49,
parties who have made advances of money and
furnished materials for these roads. upon tae
faith Of the Land Grant Bonds, when thc advan-
- - ~ @ .'..'i
A. l.,.,. - - ,r,.. -
ing the bonds 1T the value nominated IN them,
are entitled 20 be considered. Those who have
been parties To the frauds, and bought bonds at
,fi.:., 49,. ,'t.~t.,i - H. 2.,,,,.,,. 49, H.
- - t:.I.f ~ - 81 80.
-. - | ~ - fifI . - ~;
III III i ',e -.
-. ,,i5, Ne. -.
i
fiNA%-iAL CONDITION oF TIE IAofLE-
an act was passed by the last Legislature.
! entitled " An act relating to the foreclosure ut
mortgages and the sale OF land under such fore
c4y-.ie- Tic question T-act her q shall! remain
up"n the statute book 81 ais is. like shat 81 i;s
pass ge. purely "a question Iar the Judgment OF
jhe Legislature. IL has been greatly mlsuudcr-
stood and greatly lnisEePte~enteu, both at home
and abroad IL Is neither q say law Hul
law 10 prevent the I"tc.eSarc Of mortgages,
nor The collection oi debts. ID does Hot create
or undertake L" create a&y new dcieuces. II
does not affect lhe o0lig@tleA OF any contract,
h'Gch less ttnp.'s i,~ ooi S".i"h u bcl'hef IN
cTta-tS HoF uiH!ulSirS security There was 30
constitutions! question 1voied in lis passage.
Was Is ezpedleat iiit5 i, should pass. was The
question Tor ihe laa5 Legislature. i II expe-
dent that II should isl.'l''. Is The question for
the present one. II the remedy in force at tae
time a mortgage Contract was made become 50
tar part OF Tire contract, that a change ot rem
cdv was UHc 'nstlt ltIJnal. then there was 10
law. nj the lime that the present act was APP
proved, by Which a mortgage executed previous
to the Isl Of March, A. ID. 1891, could be fore
closed ,eXcept by advertisement. 1t could not lie
d d 4
of the contract, IL becomes 50, as much for the
benefit Of the nan Who gives the mortgage IS
for the man who takes u. j IS, aad should be.
Just a. Unconstitutional to shorten the time
within which mortgages car be io~eclosed as to
Iengtheu it. BY the code which took force
time necessarily consumed IN case OF foreclosure
was greatly shortened The practical effect u