Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-01-26

in the interf st of both the borrower and
the loaner, in that it would conduce to the
general Prosperity of the people, and thus
increas's their ability to pay.
Mr.. Buck, in his usual vigorous style,
in reply to Mr.. Boardman, reiterated his
for ner statement that the laboring masses
of the country were in servitude to the
money power of the land. Money con-
trolled the political conventions and legls-
lation of the land. Money colored and
shaped the news that was flashed abroad
from the money centers from which people
were obliged to form their opinions. Money
regulated the commerce of the land, sent
the products of the country up or
down as demanded by its
own schemes; regulated the
price of labor, in short governs and di-
reefs all the internal workings of the
country, the bone and sinew, the producers
being simply tools in their hands to swell
the store of wealth of the money kings.
Mr.. McKusick offered an amendment to
insert four where seven occurred and five
where eight occurred in the bill, and APP
ply only to the farmers.
Mr.. Rahilly said he supposed he was
among gentlemen, but if the gentleman
from Pine wanted to make an exhibit
ton of himself he would advise
him to go out in the air
stand Oh his head and dangle his feet in the
air by which he would expose his most in
tellectual part.
The chair raped Mr.. Rahilly to order
| and he sat down.
Mr.. McKusick said he would control his
temper, Notwithstanding the coarse ling
of the gentleman from Wabashaw. He
| said he had sat still and heard the argu-
ments of the gentlemen favoring the bill
made as he believed for mere
buncombe, until he had tired of them. He
represented farming community, and he
knew they were we'll satisfied with the
present law, and at this time of uncer-
tainty as to the future, it was, to say the
least, unwise to make any change.
Mr.. Cornish was glad the amendment
of Mr.. McKusick had been offered, be-
cause it brought out the absurd
ity of the bill itself in its
true light. 1t was useless
to discuss what is money. tbs something
we must have, or banks, manufactures
and everything of that kind must be
abandoned, and all must reduce them
selves to tlllers of the soil. Money is ab-
solutely necessary in our every day life
and to secure it we must be willing to pay
for the use of it what our neighbors are
willing and do pay for it. One objection
to the bill was its infexibility. Our banks
were taxed about 4 per cent.
but under this bill they
were placed upon the same footing with
the foreign money loaner, who escaped al
taxation. 1t was fact, also, he said, thai
there was not money enough in the state
to do the business offering, and the pro
posed reduction of interest would drive
capital now here away.
| Mr.. McKusick's amendment was voted
down.
A vote was then taken upon the motor
of Mr.. Collins, to indefinitely postpon'
the bill, and the motion wa'
lost-forty to thirty weight. The bill
was then recommended to pass.
The committee then rose and the lepor
of the committee was adopted.
Mr.. Grimshaw gave notice that Prof
Porter, of the State university, desired thu
nse of the use of the chamber for Wednes
day evening next for lecture, add upor
motion of Mr.. Child, of Jackson, the us'
of the chamber was granted.
The house then adjourned.