The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1891-01-22

as the basis of material for organizing an
army from the ranks Of the national guard.
| At present no provision has been made to
furnish overcoats or blankets to the men,
| for use in case they are ordered out on duty
IN extreme weather. An appropriation for
this purpose is manifestly a proper one, the
Of the state.
THE WORLDS FAIR.
| The worlds fair to be held in Chicago in
| 1898 Will be an event OF national impor-
| lance, and proper steps should be taken BY
the legislature to insure a full exhibit OF
the resources OF our state upon that coca
sion. No means should be omitted to have
the various advantages of Minnesota made
known to the thousands who will visit the
| greatest exposition OF modern times. 1t
will be necessary in order that we may re-
| ceive the attention commensurate with our
wealth and population to make an appro-
prlatlon adequate to the proper representa-.
ton of our vast agricultural and mineral
products, and to formulate such
plans as will call the attention
of visitors to our matchless climate,
our educational system, and our manifold
advantages in all that pertains to industrial
and social life and development. It may be
deemed wise TO create commission into
whose charge this whole matter shall be en-
| trusted. l consider this Of special i'm
portance, and trust no means will be omit
ted to provide for full and complete ex-
hibit, as the results that will accrue cannot
fail to be OF lasting benefit.
WAR HISTORY OF MINNESOTA TROOPS
The commission appointed under the act
of April 16, 1889, to collate the history of
Minnesota troops engaged in the late war;
as we'll as the Indian war of 1862, has re-
ported in full as to the work delegated to
their care. The results of its labors have
been eminently successful. The book
published under its supervision has
been largely circulated in accordance with
the enactment. I desire to embrace this
opportunity to express the obligations of
our citizens for the faith.ulness and dill
gence shown by the members of the conf
mission in the fulflment of work of such
interest to the people of our state.
SWAMP LAND GRANTS.
respectfully urge upon this body tine de-
STABILITY of disposing of several unsettled
swamp land grants. The state has granted
from time to time, during the last twenty
five years. quite an amount of swamp lands
to aid in the construction of various rail-
roads, Some Of the roads have selected
nearly or quite the number of acres to
which they are entitled. Others have pre-
terred to delay. for one cause or another
until a large amount of unfinished
land office, necessitating the en-
ployment of extra clerks and caus-
ing more or less expense. Some OF the
grants have have been forfeited by non per-
tormance Of contract, while others await
further legislation to determine rights. A
decided to the state by the general govern
ment to fill the grants to railroads Saving
possibly one road) and state institutions
whose rights have been fully determined.
The time has now come for the lands
to be decided to the proper parties
hnc fofn oil
ance and care. To that end suggest that a
law be enacted directing the parties en-
titled to land to select the same within a
reasonable time, say three or five wears.
and after the expiration of that time to
provide that all grants of every kind and
nature, be declared absolutely forfeited
KANDIYOHI COUNTY PUBLIC LANDS.
Permit me for the second time to call the
attention OF the legislature to the necessity
OF making some disposition of the public
lands IN Kanolyohi county, amounting to
some 6, 400 acres held for capitol Site.
These lands should be sold and the pro-
ceeds turned over to the treasurer for the
purpose OF defraying the expenses of the
state. There can be no possible advantage
IN retaining the lands longer and much
benefit will result to the citizens OF Randi
yohl county II these acres are made SUBJ
}ect to taxation. Several attempts have
been made to dispose OF the matter, but all
be realized, it is estimated, from this
source. .n- - - = '
THE BANK EXAMINER.
The report of the public examiner gives
In detail the result of the work accom-
pushed in his department. Under the pro-
visions OF an act passed by the last legisla-
ture large amount of work has been en-
tailed upon the bank examiner in connec-
ton with the building and loan associa-
tlons;; doubt very much the desirability
OF placing the various loan and building
socletles under state management unless
the laws under which they are organized
ana regulated are uniform and more
ohcers to properly look alter institu-
tlons formed upon business basis
SO insecure and be officially responsi-
PIE to those who invest their savings.
Many OF the associations guarantee profits
that are not obtainable if ordinary business
lme;nodS are pursued: and proper care ex
erc1sed IN the way Of prudent investments
ana economy in management. Building
societies, founded upon right principles and
conducted upon safe and prudent basis
nave proved remunerative investment and
IN many instances have been of advantage
TO the community, but institutions organ
lzed tor the purpose of providing large
salaries for officers and directors and COR
quoted upon plans utterly foreign to we'll
known comme rcial rules, result in final dis
aster and loss to unsuspecting stockholders.
II the state is to assume the guardianship of
institutions of this kind let the law be so
amended as to give the fullest opportunity
to protect the public by means OF ordinary
safeguards The work entailed upon this
department is increasing so rapidly that
some means must be devised to detray the
expense OF further clerical help. In order
to meet this additional sum it would be
we'll to collect of every bank, trust com
pany or building and loan association
lee commensurate with the capital in
vested, to be paid into the state treasury,
quite an amount would be thus obtained
10 de1ray the expense of maintaining the
office OF examiner.
THE STATE FINANCES
1t is estimated that the excess OF receipts
over disbursements for the years 1928
will aPproxim ate $1,000 This sum will
be available for purposes of charging and
improving state institutions, and Tor Other
and necessary objects. The various boards
ana commissions have suggested expend-
itures that if made, would involve an out
lay of bout 81 500, O0O 1t will be impossi-
pie under existing circumstances, in NV
Judgment. to provide so large sum of
money. We are forbidden by law to create
any further bonded debt and it would
De extremely unwise to increase the