Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1876-01-09
MINNESOTA.
Retiracy of the Old and Inauguration
of the Newstate 0tiicers-PiIIshury's
Message.

ST.. PAUL, January 8.-The State eff.
GERS elected last fail took the oath of
office to-day in the presence OF both
houses Of the Legislature. In accord
ance with the absurd custom Of previous
years, two governors messages vera
read TO the legislature, one from Cut-go.
lrg Governor Davis, and one from in
coming Governor Pillsbury. Either
document is of about the average length
Of the Presidents message. The mat
ters dis ussed are nt an exclusively
local nature. The finances of
the State are in good condition. The
balance in the hands of the treasurer on
the frs. OF December Eas one hundred
aud thirty thousand two hundred and
fOrty-fiye dollars. Both messages re.
commend suitable appropriation to
enable the State 10 make o GIG iitabIe
appearance 1T the centennial show at
Philadelphia. The most important re-
commendstiOn Of general interest is
also made by both governors, namely:
That immediate steps be taken to bring
about an honorable adjui tment and the
eventual payment Of the obligations of
the Stale interest on old repudisted
3 ate RAILROAD OC uls,
Govern or PillsbuTy says: tI am pro-
foundly impressed with the conviction
that the longer postponement of action
looking to the honest and full adjust
ment Of this long deferred Indebtedness
must ineict upnn the .aiT nsI,.s of our
State the Inc eIfaeeable stain OF! repudis.
ton, and l vsntEra with tho 11eSsafi;Dg
~ my Official duties to commend this
subject 10 your favorable action" The
governQF is arguing in favor Of srbitrs-
tion, in order TO deGeTmlne The amount
eauitably due by the State TO the hold
ers of the bonds. GAS to the portion
which we wrongfully refuse to pay, the
world will hold that we repudiate as
long as we deny the jurisdiction Of thy
tribunal to entertain the question i'm
volved. Isup9ose that when the clsims
OF this government against Great
Britain were first advanced, on account
of damages done by the Confederate
cruisers, the English people were as
firmly resolved to pay nothing
as any Of pQr people to-day are,
tut no man and no nation
ought to be judge in It's own cases, and
accordingly these great governments
constituted court at Geneva, submit
ted TO its jurisdiction, and sbided by the
judgment Of that Unimpressorial forum,
an example worthy Of our imitation, If
the beard Of commissioners composed
Of men not Of this State, eminent for
integrity and lu iicisl wisdom, could be
invested with Jurisdiction to hear and
determine questions involved by the
consideration Of every equity, le-
gal or moral, existing on either
side of the controversy. It can.
not be presumed that our people would
hesitate to perform tie award il their
bonds were void in their inception for
any reason, or if they were procured by
fraudulent representation or unfaithf0I
performances of the condition preeedeI t,
or If there is class of unfortunate per.
sons who invested in good faith for value
without notice, SO that the last-named
is not applicable to them, or
they are wholly due. Lst US meet each
responsibility as becomes a great State,
holding its honor desrer than anything
else.