St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-03-26
MORTGAGED CAPITOL.

Another most serious objects to the
acceptance of the so-called donation
is the fact that the state would be
placing it's capitol building upon mort
gagged property, and to save it might
have to pay a large amount of money.
The act heretofore referred to au-
thoriZing the acquisition of land for
park purposes provides that such land
shall be paid for by the issue of bonds
to be known as park bonds, and that
the same should be secured upon
said parks and the improvements
thereon with further provision that
1.-The said parks and improvements
thereon shall be irrevocably pledged
with a first lien thereon (See sec
ton 6, chapter PSI, S. l.. MINI. 1888, p.
411.) And also: That said parks be-
ing subject to the lien of the bonds
which may be issued for their pur-
chase, which lien in case of non-pay-
ment of said bonds at maturity thereof
may be enforced by sales pursuant to
any decree by a court of competent
jurisdiction" (Section IS, p. ABB
We are reliably informed that not
less than S250,000 of such park bonds,
running for thirty years, have been
issued and sold, and are outstanding,
and are all a specific lien upon Loring
park We are also informed that on
a certain portion of Loring park there
is in addition an unpaid mortgage of
$50, 900, which is also, of course, a first
lien.
1t will be seen that the proposal to
donate Loring park may involve the
payment by the state of 1886, 600 or
more in order to save the capitol build
ing to the people.
In addition to this prospect of the
payment of this large sum of money, it
must be borne in mind that the state
will for all time be burdened with the
care of over thirty-six acres of ground,
the annual charge for which will have
to be borne by the state at large, with
all the benefits accruing to the sur
rounding property owners and the citi-
zens of Minneapolis.
A LITTLE TILT.
Emanuel Cohen was little bit ex'
cited when he got up TO speak. He
was nettled at question OF Mr.. johns
as to the legal authority of the city
to offer a site, and showed some re-
sentiment at the question, and de-
clared that Mr.. Johns had neither
asked a question of Judge Flandrau,
nor was willing to hear an argument
upon the law, as his mind was made
up. Mr.. Cohen proceeding, said he
did not care whether there had been a.
compact or not, nor whether the cons
stitution had located Il in st. Paul or
not. The sole question with him was
whether the state would take the park
or not He evaded the proposition
that the city has not the power to COLI
Vey the park free Of debt, and Sng>
gested the power to purchase parks.
He admitted that the lien on the park
amounts to $750,000, but thought they
would be cleared off before the capitol
shall be removed, or that the debt
could be provided for Ivy indemnity.
Judge Flandrau, at the close of the
speech of Solomon Cohen, said he had
been accused of not arguing legal
questions. He thought he had COW
cred the point. If st. Paul was dis
posed to do so, they cotiiI say that
they would offer Como Dark consist.
ing of BAG acres, free from a dollar of
debt for a state university. He did
not have any idea that st. Paul wanted
to steal the university or break the
compact.
At the conclusion Of the speech of
Mr.. Cohen the judiciary committee
retired to their room for an executive
session, and in half an hour after they
announced that they would take the
matter up again in executive session
Thursday evening.