Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-10-26
Routine Report.

After the usual preliminary business the
senate started in with an effort to go through
the regular order of business, aud two
BILLS INTRODUCED.
By Senator johnson, A. M.-Authorizing
the city of Albert Lea to issue bonds for Ger
tain purposes. Passed.
By Senator Rice-To incorporate the village
of Clontauf, Swift county. Passed.
At this stage in the proceedings Senator
Pillsbury became impatient, and he moved
that the senate go into
COMMITTEE OF THE WHOLE.
The motion prevailed and Senator c. D.
Gilfillan was called to the chair, and he an
nounced that the business before the commit
tee was the consideration of senate file No. 9,
being the bond bill.
Senator White wanted the bill amended to
change the rate of interest from to per
cent, and briefly advocated the amendment
upon the ground that a per cent. bond could
be foated as easily as 5 per cent, and thus
save the state a large sum annually.
Senator Pillsbury opposed the amendment.
He said he would be glad to support bill for
even less rate of interest than per cent if
the bondholders would accept it. Senators
must remember that the pending proposition
was the alternative of the holders of these
bonds, and the question was, shall the state
accept it? 1t would be a waste of time to
pass a bill which did not settle the vexed
question. Their proposition was to take
bonds at so cents on the dollar for their claims
bearing per cent. or cash. He thought 5
per cent. bonds could be sold at par, and in
the end it would be the same to the state, as
though per cent. bonds were sold below par
in the event of the governor being able to ne
gotiate them and pay the holders in cash,
which, under the terms of the bill, he had a
right to do.
Senator Kinds thought different. A per
cent. bond could be negotiated as readily as
5 per cent. bond, and the state would save
half million of dollars.
Senator j. b. Gilfillan said that the only
prospect of a settlement was to stand by the
original proposition, and he hoped senators
who favored the bill would stand by it with
out amendment.
Senator White wanted 1850 bonds deposited
with the state auditor before the new bonds
were issued. After some debate this amend
ment was lost by vote of ayes II, nays Is.
Senator Kinds wanted a proviso in the bill
that no old bonds should be considered unless
hey had been regularly transferred by the
railroad companies, but afterwards withdrew
his amendment.
Senator Wilson supported the bill in a care
fully prepared speech of some length, re-
hearsing the history of the bonds from their
inception to the present time. Most of which
is familiar to the people of the state. He
concluded with an eloquent and earnest APP
peal to the senate to remove this disgrace from
the good name of the state.
Senator Kinds made a somewhat lengthy
address in answer to Senators Castle and
Gilfllan's arguments on Friday last, during
which he alluded to the fact of Gen. Sibley's
signing the bonds under compulsion, saying
that he acted honestly butsnot wisely.
At the conclusion of Senator Kinds re-
marks the committee rose and reported pro-
gress.
Gov. Pillsbury sent in a communication an
nouncing vacancy in the Office of United
States senator and reminded the legislature
of its duty to fill said vacancy.
Senator G. D. Gilfillan moved that the senate
proceed to name a person for the office of
United States senator, which motion was
carried, and he ramod Vim. ET1uuUm.
Senator Crooks named Hon. Jas. Smith, Jr.,
of Ramsey county.
These were the only nominations made, and
the roll being called, it resulted as follows
vm. Window, %; James Smith, Jr., 5; VIM
Crooks, l; H. H. Sibley, l. Thos. Wilson, 1;
Jas. j. Hill, 1.
After agreeing to meet the house in joint
convention at IL m. to-day to elect United
States senator, the senate took a recess until
2:20 p. m.