The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1876-06-01

his defeat is equally certain. s..ts@A ~
All of which illustrates the necessity
for an Independent party. 4@-.. 4ss
THE OLD BONDS. Vi
Donnelly's Anti -Monopoist, chad fopNdiy
hoped somebody else would lave had to pay"
the state railroad bonds, but since the decision
of the supreme court, is convinced that we
have to settle the debt ourselves; and in view
OF this fact, more apparent now than ever be-
fore, Donnelly asks: "Is not there enough
craftsmanship in the state Of Minnesota to e.
feet some fair, equitable, reasonable adinstn1eht
of this ancient soreY" A high order Of states
manship may be required 20 settle the tariff
upon which the prosperity Of the country de-
ponds, but little common sense and conmen
honesty are amply sufficient guides in dealing
with debt which has been declared valid
obligation by the highest legal tribunal In the
la iani. The best and the only way to settle or
pecially because it ID debt Of honor, involviSg
the plghted faith Of great state, and of Ill -
inhabitants Let us turn q deaf ear TO the talk
Of the little damag0gee abont Settling and
adjusting" the debt, and devote what etates-
manship IS required to the task Of providing
ways and means Of payment.-St Paul PioS-
eer Press & Tribune. 81" trew 1gtst
THE is precisely the kind Of insanity
which has always prevented the settle
ment of the old railroad bonds II, 'hAs
awakened counter sentiment Of hostll-
ity to any adjustment Of the question.
The people Of Minnesota are not pre-
pared, and never will be, to pay thbse
old bonds, dollar for dollar, principal and
interest. It would swamp the state.
They are however ready, we think. 70 on
ter into negotiations. keeping in view
their equities of defencs nd their obliga-
tions. and ascertain whether or not some
settlement il not possible, fair and just
to all parties the tax payers ss well o.
the bond-holders.
For our part We think il cowardly to
SHIFT this burden upon the shoulders Of
our innocent posterity. We incurred
the obligation; we alone are capable Of
adjusting it.
/ 1.-Two leave it unsettled our deaths will
not end the controversy. In fact the
claim Of the bond-holders, will be tenfold
stronger after all the witnesses are
gathered to their graves. than it is now.
The next Legislature should appoint
| a commission OF the very best men in
the state men in whose honesty and In.
intelligence the people have full con-
fidence and let them take year to in
vestigate the whole subject, but with no
power to bind the state by any final act
ior, until approved by the vote Of the
whole people. i
| Let them ascertain:
! l. How many Of the bondbolders will
take their pay in Internal Improvement
L ands, and at what rate.
| II. How many will take their pay In .
special Internal Improvement Land
Bond, the principal and interest Of which
is to be paid out of the proceeds Of tho
sale Of such lands.
LII. How many will refuse both these
propositions; and at what rate these will
receive 40 years IA per ct. state bond.
kmay he that three -fOurths Of the
bonds could be settled in lands, or land
bonds, and the balance in 40 year IA per
ct. bonds. e-.s
4 At least we should try what can b
done. Il may be said that, all suck
efforts at adjustment serve to keep IT,
subject matter alivs bat it must be r.
membered that if we were to remaia
4 perfectly silent the. bond-hOlders Ire
determined that public attention shall
not flag. They have had the CirSuit
Court Of the U. 8. read 10 one lecture
last year; and now the Supreme Curt
ofthe y s. has Just read % anot&er; /;
while the newspapers Of this countTJpa4
T. OF Europe keep up constant fire tpoe
our good name.
i While al this pressure should not
| force us TO pay one dollar that We do not
honestly owe, it should 1t least induce
] rs to make some reasonable effort u
silence our adversaries and set1le tbe
q question. ~ ~
Such editorials as that which " havl
Il quoted from the Pioneer-Press aud Tfi-
D bune, 1t the head of this article, aSe pr.
D nicious il their effect. They lead III
? bond holders TO believe that they WI
! he paid every dollar Of the debt, pfincip
; al. interest, and compound interest
! while a. the same time they Tighten III
I people from even attempting 3 sett3e
: ment Of the question, lest that settIemen
should imply the payment Of every, do
: lar claimed on the bonds. The Pioneer.
/ Press and Tribune may sneer at ou
+ phrase adjustment bat that II 4wha
: Is nee,sed; and no such adjus(ment @
.ael b hsd unf1 ! middle Rroaad q 60
4 promise = Eosnd betwesu - extDon
Z vfsvssf bsekpa asllssso ths ssalsor1sif. /.
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