The Bessemer indicator., 1894-01-13
MEMBERS ADVISED.
GOVERNOR wAITe's MESSAGE
He Tells the coleraas Lsslsiaters Why
He Called Thsn Together and
E.piains the Need for New
LEGISLATION.

| Axbtatioh.
Below we give a comparatively briei
condensation of Governor Waite's ad-
dress read at tho opening Of the extru
session of the legislature:
The governor after speaking Of the
propricty of calling an extra session,
referred to the need Of a change in
the laws regarding trust deeds. He
said;
Governor Adams, five years ago,
pronounced the legislation of this
State. in relation to trust deeds and
attachments, as Infamous The hy-
pocritical press and politicians of the
two old parties have WED in denuncia-
tion of these statutes, which place the
debtor class absolutely at the mercy of
the creditor class, and provide under
legal forms to take away the prop
erty of the debtor without due process
Of law, but during the past three regu-
lar biennial sessions of the Legislature
Of this State, whose sessions are limit
ed to ninety days, no legislation for
the relief of the people from these in
famous laws has been accomplished.
The bankers of this State, the corrupt
politicians and venal newspapers who,
pretending to be opposed to these in
iquitous laws, have really been in their
favor, by every means in their power
have prevented their repeal. The
tactics of delay have been used with
fatal effect, and general assemblies ap-
parently, and perhaps really in favor
of reform as to these outrageous LAWS,
have adjourned unable to afford any
relief"
After calling attention to the fact
that such suggested legislation should
not apply to present contracts, he said
''But as to future contracts, there
can be no question with any honest
man, that the infamous outrages which
the creditor can now lawfully commit
upon the debtor, should cease. The
recommendation as to the attachment
laws Of the State, applies equally to
the code, and the justices act and the
regulation of costs The special plea
so often made that Independent and
just legislation will drive away foreign
capital, or provoke the creditor to re-
sort to the unjust advantages our laws
give him, is both cowardly and false.
Creditors often grant time and favors
to their debtors, but as rule it is in
their own interest. When payments
become slack or are entirely suspend
ed, the legal remedies will be ap-
Piled
In regard to the proposition to stop
the issuance of bonds, he said: "The
proposition to issue certificates or or
dcrs for state warrants is Just and
constitutional. As is also the propo-
sition for municipalities to issue their
certificates or orders instead Of bor-
rowing money. The question is sim
ply whether the financial policy Of the
country shall be in favor of the peo-
pie or wholly in the interest of the
banks and bondholders; whether the
national financial policy, SO nercely
but hypocritically denounced by the
old political parties in this state shall
control the financial policy of the state
and municipalities
In this connection Governor Waite
called attention to the scrip issued and
circulated by st. Louis in 1873. He
then referred briefly to his recon-
mendations in regard to change in
the irrigation laws, the creation Of n
new county for Cripple Creek, to Gre
ate non-partizan election boards, to
secure the registration of women, to
reduce delinquent tax penalties and
to provide for more careful cxamiua-
tion Of state banks. He expressed
the opinion that the local improve
ment bills should be passed, as it was
better to use the states funds in in
ternal improvements than to let the
bank. have it at 4 per cent. He also
urged the passage of laws forbidding
gold clauses in trust deeds. Then the
speaker turned his attention to the
silver question:
But the worst and most tyiannical
usurpation OF power by the general
government has been its unjust and
unconstitutional war upon silver. In
this fight We, in common with the
other Becky Mountain states, because
producers of silver, have been partic
ularly injured. War has been made
upon our principal industry. 1t ha.
stricken down, principally through
the instrumentality of the Republican
party for the past twenty years, tn,
production of silver in all the Rock,
Mountain region, amounting annually
to near $40, 100000. 1t las not onl,
destroyed the value of silver prospect.
and mines, but reduced the value o.
all other property dependent upon sill
vcr mining, and injured also the pro
fessional, mechanical and agricultural
interests in the state, which hav,
largely depended on the mining camp.
for business and markets, and yet tn,
venal press of Colorado is bcsecchin,
support for the grand old Republican
party because that party is the grea
representative of the principle of pro
lection to American industry
Practically, silver mining in tn,
state of Colorado has been ruined
The action of Congress in repcalin,