The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-01-22

been conducted on business principles
The benefit to the farmers was great,
and, if the exhibit had not been made
minnesota would not be in front
as butter making state. If he thought
the bill was not good business pro-
position he would not vote for it. The
whole state had been benefited and
should pay for it. Either pay the whole
amount or nothing.
Mr.. West (Rep), Of Mower, explained
that one reason why the appropriation
did not pass two years ago was that
the members feared 1t would be another
worlds fair scheme. The idea was that
if the appropriation was made the gov
ernor would appoint a commission and
the members would go on junket or
two, and that was all there would be
to 1T. AS 1t was the business men had
taken hold Of the matter and it was
success. He favored the bill
Mr.. Plowman moved progress be re-
ported on the bill
Mr.. Winston Dem), Of Hennepin,
wanted the bill made a special order
for Thursday at 1890
Mr.. Foss (Rep), of Grant, offered as
substitute for all previous motions
place the bill on general orders.
Mr.. Winston said it was question
OF principle and he would like to see
full attendance Of members when the
bill was acted upon.
The motions and amendments were
voted down in order and the bill rec
commended to pass.
When the committee rose it reported
on the following bills:
RECOMMENDED FOR PASSAGE.
H. F. Grass, Rep, of Murray)-To amend
section 5518 of the General Statutes of 1894
relating to actions in courts To pass.
i Of To-
galize and validate deeds and other instru-
ments executed without a seal, scroll or de-
vice opposite the name of the grantor, and
the record thereof. To pass.
H. F. % Ferris, Rep, of Crow Wing)-
To enable and authorize cities having a
population of 10000 or less to issue certifi-
Gates Of indebtedness in certain cases. To
pass.
H. F. 50 Dunn, Rep, Of Ramsey)-To
legalize the execution and record of certain
instruments authorizing attorneys to fore
close mortgages by advertisement To pass
H. F. Y STAPLES, Rep. Of Dakota9-To ap
propriate money to defray the expenses of
the Minnesota exhibit at the exposition held
at Omaha, Neb., in 1898, etc. To pass.
FIGHT ON PETERSON BILL.
When the calendar was reached there
was a long discussion on H. F. 81, by
Mr.. Peterson Rep.). of Renville. The
measure reduces the rate of interest on
per cent and extends the time for pay
ment from thirty to fifty years.
Mr.. Bush Rep), of Olmsted, said at
ter investigation he had found that the
bill would. while it benefited many,
cripple the permanent school fund to
the extent of $4,000, and for this rea-
son he did not think 1t should pass.
Mr.. Dwinnell (Rep0, Of Hennepin.
made a long speech opposing the pas
sage Of the measure. 1t was one Of the
most important matters coming before
the house at the session and involved
about 100000 to the school fund of
the state and the members should take
care not to make break in the school
funds. The law of 1855 provided that
the principal derived from the sale of
lands should never be used by the state,
but only for the school districts. The
investment board had at first been only
allowed to invest in United States
bonds and state bonds. In 1896 the law
had been changed SO as to allow loans
from the fund to be made on county,
school, municipal and town bonds.
Since that time the investment board
had placed $1,25O,000 in that character
Of investments. There was now about
| Sc, 100000 in outstanding contracts and
| the reduction Of the rate Of interest
| from 5 to per cent would mean a loss
| of $62, 900 to the school fund. If the
proposition was a good thing why did
| not the railroad cornnanies reduce the
rate on the same principle as advanced
| by those favoring the bill.
| Mr.. Lynds CRepD, of Carlton stated
| that the result of his investigations
| had been that there was now out
standing land contracts amounting to
| $6,280,000 in round figures. In the last
six years the payments had been as fol-
| lows: 1893, $169,606; 1894 S106,201; 1895,
s142 17S; 1895, $3.50, 1928; 1897, $137 $3.50; 1898,
| 1921, 1872. 1t was evident from this show
| ing that the payments were not made
| because the rate was too high. From
business standpoint the bill should
not pass. No hardship was worked on
| the holders of the certificates at per
cent. If they wanted a loan they
would have to pay at least 6 per cent
Mr.. Roberts (Rep), Of Hennepin.
wanted the bill referred back to the
| committee on public lands. Of which he
was chairman, so that it could be
| amended to provide for q per cent
rate on future certificates.
Mr.. Dwinnell objected, saying as the
committee reported in favor of the
| passage of the bill 1T would probably
come back in the same form.
Mr.. Jacobson put an end to the de-
bate by moving that the bill be made a
| special order for Tuesday morning at
1880 o'clock, and this was agreed to.
APPLIES TO H. & D. GRANT.
H. F. 65. by Mr. Fosnes Onion), of
Chippewa. the other bill on the calen-
dar. was given its third reading and
passed by vote of ninety ayes and
none in the negative. The bill il ia