The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1860-01-20

The Senate net at o'clock this morn
ing, and was called to order by the Pres't.
RAILROAD PROPOSITION.
A memorial was received from John
Wilson, Attorney of the Transit Railroad
Company, submitting certain propositions,
by which the Transit Road can be COM
pleted from Winona to Rochester, within the
time necessary to secure the bonls granted
by the Act of Congress to that road. The
reading of the memorial was dispensed with,
and it was ordered to be printed.
The following are the propositions sub
mitted:
lst. That the Governor be authorized to
suspend for sixty days the enforcement of
the Bond of Trust given to the State, to
secure the payment of the State railroad
bonds loaned to this Company, to enable
our officers formally to accept the terms and
conditions hereafter mentioned and if they
shall so accept within that time, still further
to suspend the enforcement of that deed of
trust, to enable tie Company to 60 on with
due diligence, in the construction and equip
ment of that road-the question of time, and
the due portion of diligence required, to be
wholly at the discretion of the Governor.
"a. That the Company shall proceed, as
soon as the season will permit, to complete
the grading between Winona and Rochester,
distance of fifty miles: to lay down the
ties of good and suitable quality, at proper
intervals, and to place thereon rails of the
Erie railroad pattern of New York, weigh
Ing not less than ffty-six pounds to the
inear yard, the whole securely fastened to
the ties by suitable chairs and spikes, with
the necessary switches and turnouts; with
sufficient number of freight and passenger
cars, and engines to draw the same, to do
all the business for the country through
which the road passes the whole distance
between Winona and Rochester to be fur
nished and equipped. as herein required,
with due diligence, and within such rea-
sOnable time as shall be entirely satisfactory
to the Governor. The road shall also pay
to tie State, as required by law, three per
cent. per annum of its gross receipts.
Sd. In consideration of the completion
ani equipment of the road, as herein speci.
fed, the Governor shall release to the COM
pany all securities held by the State, to
ensure the payment of the principal and
interest of the State railroad bonds loaned
to said company and shall donate to said
company one hundred and twenty five thou
sand dollars of said State railroad bonds,
in addition to the 100000 of those bonds
hereafter to issue to said Company, the
State guaranteeing the principal and pro-
viding for the payment OF the interest on
all the said bonds, for the next FOUR six,
eight, or ten years, by issuing State Rail-
road Interest Bonds thereafter, which bonds
shall bear interest at six per cent per an
mum, till paid the company at the same
time releasing all claim or right to any
further loan or donation of the State rail-
road bonds.
4th. In accepting the terms and condi-
lions herein specified, the company shall
also file conditional release to the State,
of their road bed, and the lands, franchises,
&C., of said company, and all the securities
held by the State, to take effect and be in
force, without sale or any legal action there
on, on failure of said company to build and
equip said road as herein provided. And
in case the company should not accept the
provisions of this act, within sixty days
specified, the Governor shall proceed at once
to close out the interests of said road, under
the deed of trust aforesaid, in accordance
with such rules and regulations, and with
such authority as shall be deemed expedient
and proper by the Legislature.
RESOLUTIONS.
By Mr.. HODGES: That the Secretary
issue mileage certificates to Messrs. Holly
and Wells. Adopted.
By Mr.. M'LAREN That special
committee be appointed in relation to the
expenditure of the contingent funds of the
late State officers, with authority to send
for persons and papers. Laid over under
the rules.
BY Mr.. AVERILL: That when any
member of the Senate calls for the yeas and
nays the name of such member shall be en-
tered upon the journal. Adopted.
BILLS INTRODUCED.
By Mr.. ROGERS: To legalize the
assessments of taxes in the town of Lansing,
Mower county.
By Mr.. HODGES An act in relation to
the filing of notice that real property is
in litigation.
GOVERNORS MESSAGE.
Mr.. HEATON moved that a committee
of three be appointed to recommend appro-
pirate reference OF subjects in the Cover
nor's message.