Newspaper Page Text
VOL. IX—NO. 50
The Position of Governor Walker. ** The following letter from the Hod. R. J. Walker to the aoti-Lecompton Democratic i < '.invention, held in Indianapolis ou the 23d iust.. did not appear in the regular report of j the proceedings, but has since been published, i Jt will put to rest all doubts concerning Gov. I Walker's position: Wamiikotox, Fob. 20, 1858. Acstim 11. Brown, Ksq., Chairman, Ac.: Sir : Your letter in behalf of the Com-I mittee, inviting me to address the maos meet-1 ing of the Democracy ol Indiana ou the 22d I of this month, at Indianapolis, has been re- ■ reived. It would have given me sincere 1 pleasure to have complied with your re*|uest, j but on the 24th ol this month one ol my most important cast's, now pending in the 1 Supreme Court of the United States, is set : down for argument, and I cannot I* on tliat occasion. The power of Congress to admit new 1 States into the Union has heretofore, at va- * rious periods, been fully discussed by me.— I This power of admission most clearly im- t plies the previous consent of the people of ■ the inchoate State, not only lor the very l terms, but as required by the fundamental 1 principles of our Government. Indeed, I presume it will hardly l»e contended that 1 Congress possesses any jniwer to force the | people of a State into the Union aguinst their will. The Union is composed of a confederacy of co-eijual sovereignties, and each must have freely entered into the Fed- ' oral compact, lly the people ofa State, un- ) der our Federal Constitution, is always in- i tended the majority of that |«ople. The , people of a State, in entering intotnc Uniw. j always indicate their previous assent by ' adoption of a State Constitution. My own opinion, as heretofore often ex pressed, distinctly repeated in my letter of acceptance oi the Governorship of Kansas, and reiterated in my inaugural address, was , that the assent of the people to their const!- t ition can only properly be ascertained by a : direct jiopular vote lor or against its adop tion. ludeed, in what oth r way can it Ik- | ever known that the people would have as 1 tc-nted to the constitution unless tiiey are | fsTinittf d to vote for or against its adoption? 1 The President, in his tmnsagc of Decent tier last, admits this mast lie done as regards ' the question of slavery us regulated by a State Constitution, although he concedes that his instructions to me os regards the submission of the constitution were "general and unqualified." It is most unfortunate that such an opinion hud remaiisd so long dormant ie the breast of the President; for, it the slightest suggestion to that effect had imen made to me. it is quite evident from my life-long opinions on this very point, so often ami distinctly expressed, related in my let ter of acceptance of the Governorship of Kansas, ami rvitcrahd in my inaugural ad dress, that on such conditions 1 never would j have gone to Kansas. It is true that the Prcskh'nt, in his Mes -ago. most (rankly concedes, not only that ins instructions to me as regards the submis sion of the Constitution were" general ami unqualified,’ but also that he then supposed that the Constitution itself would have been submitted to tl»- vote of tlie people, and that in his judgment this ought to have Isen done. But, nevertheless, his message of Peeetnls r last, to my surprise and astonish re nt, first developed tbe astounding fact that the President considered that nothing but the slavery question was required to Is; submitted to the vote of the people. Ido j not mean to charge the Chief Magistrate of our eosntry with wiltul deception on this question, but this I do say. as indicated by iny lif - long opinions, publi-lad again ami again, repeated in my letter ol acceptance, , reiterated in my inaugural addnvw ami va ri**us despatches, that tlie Presi,lent ami all his Cabinet well knew my opinions on this subject. ami that 1 never would have gone to Kansas except upon the conditions of ad vocating the submission of the Constitution for ratification or rejection to a vote (4 the pm.ple. This, with me. was a vital qnes •ior. embodying the only fair. just, (icaceful ami con-titutional method of settiiag the difficulties in Kansas. It wa< with extremeretaeunev, ami ae componied with great sacrifice, ami after re ].at*-<l refusal*, that I at length did consent to go to Kansas ; but upon no other term* would I have gone than upon th**» above indicated . ami if the President had stated to me that tbe »iav<ry question only, was required to be submitted to the vote *4 tbe j**,p|e. he very well knows, ami all tie- Cab inet well knows, ami all my fneisi* who conferred with me at that date know, that on -mr h «s>ditiof» 1 never would have giioe to Kansas. In my admimstra'iori of tb» affaire of Kansas alwmyv communicated from first to ast to the President. I faithfully carried out these views as regard* the submission of tb>- Coostitutioo to tbe jeople. ami by tb*--e Dean* as the President frankiy admit* in hts late Kansa- Message, prere-oted a san gumary rer'duti'S) tbeie m June la-t. This revolution rri'il have c mrmi Kessi with i .*<od ami deaolat.OQ , it would I.stc bser. nark'd by ail those horror* which evvf or c* mpany civil war which rn»-( have extend ed !o bordering ctst*** and Territories, ami involved but too proba?*!y, the ruin of nur betored country. How sir tb* dreadful catastrophe averted? By my addresses and dispatches, quoted by the President, advo cating the submission of the Constitution for ratification or refection by the vote of the people, ludeed, my only alternative was to suppress this revolution by tbe bay*>- net, or by advocating tbe submission ot the Constitution as above stated, and pledging my l>est exertions to obtain a fair election for the people of the Territorial Legislature, in the then ensuing October. These pledges, and these alone, it is conceded, prevented revolution und civil war. And why should they not now lie redeem ed? For myself, these pledges have been most faithfully maintained, and they will be redeemed by me, if necessary, with the last drop of my life's blood, and to the latest hour of my existence. These were pledges well known to the President and ull bis Cabinet. They were pledges given by me in good faith, and any abandonment on my part, after the people had accepted and act ed upon them, would lie to cover myself with infamy and dishonor. Whatever, then, may be the aetion of the wavering, timid or corrupt, menace and proscription have no terrors to me. I will continue to tread the path where conscience und duty call me, re gardless of all consequences or sacrifices, personal or political. But when' the case now exempt from tin's*' pledges and its consequences, is it true that tne people. in framing a Stab' Consti tution, are only to decide the slavery (pH's tion? lias it come to this, that the js'oplc in their sovereignty ure to decide only the destiny of such Africans a* may lie in their limits, and not upon all those far greater rights which concern the life, lib,Tty. one j»yty, and happiness of u free people? lias ■ tm: African become so elevated above the freemen of this Union, that they .in their sov- I ercign capacity, may not decide iqsm all that j concerns their own government, Iml only on the fate of that sable race that may Ik; within I jheir boundaries? And is it true that the ! jK-ople in inchoate Free Htate*, can neither I ratify or reject any jmrt of their Htate Con | stitution, but tliat this can be done in in ! clioate Slave States only, and then only as regards ibis one particular institution? I The Kansas and Nebraska bill declares 1 it to Ik> “true intent and meaning of this ! act to leuve the |S'opk' thereof perfectly free to form ami regulate their domestic institu- j lions in their own way, subject only to th* Constitution of the Lnihd States." Now ! the President in hi* December message od mits thut tbe term “people," as here used, means abut it says, the people themselves in j their sovereign capacity (as contradistin- i guislud Irom conventions) in voting lor or against the ratification ofa State Constitu turn. But be says the term ' domestic in- i stitutions," in the plural, means only on,' 1 institution, nuns'ly, that of Slavery. But tls' terms “Timm domestic institutions" most clearly include them all. because extending in words and letter to ull tbe Territories of the Union, whether bond or free The President regard- this K an-as and ! Nebraska bill a« an enabling ait. but etia hi ing whom, or what or how ? Why. ena bling the people to form and regulate their domestic institutions though a.State Consti tution. The word “ Jorm " is l*-r* signi lirant. Whoever srs,kc of forming th“ in stitution of slavery 7 This word most clear ly implies th' forming of si Stab-Constitu tion ; and if it dm?* not mean this, it is not an enabling ad, for that is the great objwct ami purpose of such an art. These word-, th*n. do not enable the people to frame a State Constitution, ami by which atom'they 1 shall form ami regulate their institution , > amt the President concedes that the word “ js-oplc.' a- here used, means, as it say*, i tls: people themselrre, as contradistinguish**! from Conventions, by a dire t vote for rati fication or rejection. Tins. then, Ik ing an enabling act. an act. as construi-d by tbe Preoid'-nt. enabling tbe (wople b, frame tb*.-ir own Conctitutioo. this term, the people, can not have two interpretations, one meaning tb*' people tbemselv*> ami anotler also, aa th*- President iu*ists, (’oaventiou* only.— No; three words, tbe people, in tliat act, have but on*; significalhio, as applicable to all their domestic institutions. as it can nev er lie interpreted to mean as Its; I’resident would construe it, in what Ik- calls an ena bling act. tbe people, so far as regard- tlie question of slavery, and Convention* only, as regard* all other •object*. No: this 1 great act declaratory upon its very la**-, was inb-nded to recognize the right of wlf* government in its broadest and m***t com prehensile s>-nse. as vented in the fv**f«U thenwelrre. extending to all tb*-ir d'xnre'ic iretitnfions whose provisirms roukl only te kiV'wn arsl a do! on by th*m. when submit ted f**c tlieir decision try tb* ('on rent ion Ami thos it was that the Kansas am) Ne braska bill »a* a recognition of that great tuisJamen'a! principle of pubhr htierty, em bodied in tlie F*-beral f’-onstitutinn. reaerv- Ibg all SOV'teignty to the people of tlie sev *Tal Htate*, admitted or inchoate and not as vested in ronventioos wh*» feswew. no sore reignty fwhiefa cannot ’ e delegated or divi *le*l.) hot an- aervaot* of tbe people only, and n*A their masters • a ucb is the true meaning of th* term people in tbe Khixms ami Neoraeka bill os now ami always advocated by its diatm gurshrd author. Bach wai the *nUwyveta tioti given to thi* act by both louse* id fVio T PAUL, MINNESOTA. THURSDAY. MARCH 18, 1858. SAI gretv* in the Minnesota act (which is but supplemental and in execution ot tbe Kan sas and Nebraska bill.) in requiring tlie Constitution itself to be submitted, for rati fication or rejection, to tbe vote of tlie peo- Ele. And why should Ibis odious distinction !■ mail*' lietween Kuuaas and MiumsHita? Why should the people of the latter be jw*r mittid to vote for or against the ratification of their State Constitution, und this gn at sovereign and constitutional right lie with held from the people of K ansi is ? Is th*' one u sovereign and tbe other a subject Stale t Where are we, and in what direction arc wo drifting ? Are we upon tlie bunks of tlie Bosphorus or Danulic, or tqiou the soil con secrated to popular sovereign tv by the blood of the revolution? Is it Executive edicts or sovereign rights that constitute tlie liUrties of our country ? Are we freemen “who know our rights, and knowing dare maintain." or are we vassels, serfs,or slavtx, paluee-slavcN, that will cringe or change ut the stump of the foot of a master ? Is it tlie the people ami the States, us represented in the Senate and House of Representatives, wiio ure to record tlieir voles us indicated by tlieir unbiassed judgment; or ure they merely to register Kxacutive edicts, under |Hiiultie* lor refusal of denunciation und pro scription ? Is the President the master or the servant of tlie is'oplw, that he should thus dictate to them or tlieir representatives, un der threat* of exclusion from the party of their choice? Is Democracy a name und u shadow, nr a substance? It meuns the power of tht peopli. This is its vital essence. Or has it lost its true signification, or ure wo moving from it with viewless but rapid strulcM toward despotic pow<T, to make ami unmake tbe rules of political luitli under pains und |ieuultit‘s abhorrent to th*' souls ol freemen? Is this tbe eighty-second yin of our iudependeuc*, or is it the first year of Ameruan Atonanhy, that is uoiv dawning iqwin u-? I/'t the |*cople—let the masses com|sising the true d'-mocruey—arouse Irom their slum tiers. Ist them break tls, chains which would fetter their free tlsmght and Ins' opin ion, and assert their bloml bought right-, and especially th*' great intkleasible sover eign right of self governineot. We have lullen on evil limes ; the liber ties of the country arc in duug*r. Ist till' |ieopic in every town, county ami stale rise in tiM-ir majesty to tls- rescue. I*4 th*' tim id or corrupt falt*'r us they may; l*;t the demiKTacy of Indiana, now in mas*- meeting assembled, prisduim in toms* that shall ech" tlirouglusit our Republic, that tls' spirit ol the Revolution is not iwlinct in their Ixisoms, but that from the lukes of the North t*« the lovely valleys of the Wabash und < tliio you, the democracy of liidiuna, will stand om; iimlaunUwl column, by tls; great prin ciple of popular sovereignty, sustained by them at the |silb in 1 mM, a- einb*slie*l in tbe submission of the Cotistitution lor ruli ticution or rejietion by the unfettered vote of th*' (icople of Kansas and of every other Territory. Thanking you for the kind munuer in which tbe t-'onimittee, through you. have I wen pleas* si to s|«'ak of my humble -sTvircs in Is'liulf of tlie great Item's ratio doctrines of Htate and (sipular sovereignty 1 am most respectfully, ymr fellow-citi zen, ItoHKRT J. WaI.SRR. 11, mar rail* ( •*•<*< nllwo. Coi.i'WßDs. Ohio, March 10. —A large nunib*T of tlie Ib'nesTacy **f Ohio met t<* *lay at e.J<-vcn o’clock, at tb*' theatre. 001. Manypeny. of Muskingum, was elected tinqsirmry ehairman, aisl <W Blair, K It. Kinsman, of Cuyahoga, ami A. (layman, of Cincinnati, were appoiutid *ec retanm A manmitU* was ap[Kiint*-1 to *.-b<s*s |s-rmais'iit **ffi«T> . aha* a committee to wait on ex.Goverrmr Htanton, of Kan-as. Tb*' Conveoti*« lion adjourn'd until two o'ckick r. • ArrassmiN Hicssi****.—lion. A. P. Htan ton ma*)c a powerful am) effi-etive *[ieech of three h-mrw in length to the Convention, ami was listened to with attention and ap piauae. Tbe Ottventioo took a reces- f**r *up|ier A sera* of resolutioas w.-r* adopted ntue nimoualy. < *r*at enthusiasm In*.** Isvn manifiwted, ami tlier*- wo- in attendance maty ol tlie leading ltem*s-rat- ol the State. Tb*' anti I>.-c’>m)*’on ax- ting to-night was b*;l*l at (.'one*ft Hall, which wa* crowdwl to It* utmost capacity Hot*. Htooiey Matthew*, District AI tor iK-y lor tlie HiSiUs-rn District of Ohio, mad*- a *[K-*s;l* agamat tbe las oinptor* Omatitu tion. wiuch was warmly a[*p au*l*d Judg*- Johnson »<i< *«d*d him ]>urbin Ward u now. 0 o (dock r. n.. apeak.ng, ami tie- meet ing wol doo title** contuiue to a late issir. During tb*- aftermsm w».*<o Mr. /iete. from tbe * '*nmitt*e *« permaneot officer)*, reported, fix |*r**i*i«*t, G«*j. W Manypenny, ami tw*t»ty tie*- |*rwud*T)U fr*<m different •ectmu of the Htate, and U*r*<- seer* tare*. Moam*a Hrawaav, who wot convicted a* an accomplice in tbe murder of tbe Wnaos family, m AfHrhany county, p* Uji wa* [*ar>i*io-d on tie* contaaioo *jf the guilty parties *fxd on last Wndneaday. in tbe tea piUi from smail-pr/x eooteocted wb> in 4>|>|tt»««tl |o Hi# |A,OUII,UOO laonii* MKroKD ARTin r Hr. I’ait., March 16, lttfifl. Tu iKr KdlUtt a <4 th* HWdtrcr AD*l l»ri»u*<mi. In ray last eomnmnieatiou, 1 think it waa fully shown that tin* pretended securities ol tho’loan bill, are entirely insufficient for th" prottvtiou ol the Slate against lo*v>. With yoar kind [HTiniwiion, I will now endeavor to demonstrate ihst the railroad oonqwnica will, i( the propwd aniemliueut to tin* con stitution Ik* ratified by tbe |>eople. have the |H)wer and the inducement to defruud the Htate out of the loan, and tliereby saildle u|sm the iieoplt * debt of §6,000,000, with the accruing int r'st of §160,000. and coat of collection, to be |>sid uimually for twenty live, or perbana only tweuty-lour years, amounting in sil. principal and interest, to the eimrniou- sum of ut least thirte**n mil lions ol ilolliirN. If it hail Ihx'ii the design of llm Isgi-la turn to frames law empowering und inviting these railroad i-ouipaitiwi to swindle the Htate, It would Is* difficult to accomplish this pur|s**e with more cunning than aiqs-urs to Ik; rerealed in the various provisions of tls* pro|M)M il amendment. 1 have no doubt thut a critical unuly.-i** of Die pretended m-nirities of tins lull, when il lummafixl even slightly by the light of ex [s*rience and common sense, will convince every unbiasol an*l unprejuduNxl lux-pay er, thut if tlie lull Is; rutil'nsl. il will both empower and invite these railmud corn panie* to swindl** the Hf ite. Allow inu t*> call attention to tlie security nrovisiouu ol tie; bill I quote Irom un ollieiully |Hiblish<sl rtmqisiiy slisll nisk** provfsiiui for tbs I**lll* tual psvmi-ht sml rcilemiitioii "f all binnli* issui'J auil dollirr*"l as aforesaid, to »»i*l coin |*»ny, on-1 for Ic |*mirlii*l psyment of tin* la !i-r«ist whii li shall soerua llM*i«tiii, m sik-I* man ner *« to **X'Ui* r*te Ibi* Treasury of Ibis Stole fmiu any adtani e« *,f money for that purpose." Til** above is ull preamble to theinurtfir,. mere surpluMage, and I<h*Ks l*U* u blind to deceive. It is of n*i effect, for tlie exact se curities whicli the Uonipunics ar*' to give, an- define! as follow* : “Ami »« » s.iunlty lle refor, the Oovernnr shall <lem»iul and receive front »«< I* of sal*) t ompiinlos. bi'toie any of said boii'ls ar« lssu***l, an instrument plmtafng U**; net pmllts of Jto ri)§ij, fur tli«* iiftyiutfiit of liiMTf»t, midi n oouvoysni e to the l-itole of Ms* llrsi two him ■trod noil turiy oeettono *>r lon*l, free from prior Inrumlironeeo, which sn* h CJonipony is or may In* authorized to sell in trust (ol the better se i iirity *g lie* Tmaoury of the Wat** from loss on -till bomU, which sOill ileod <if trust shall aulliorfzi' the linrerteir on*l Mnrretary of Htate to nuke convoyanoos o' title to all or ol ony sueii land* to purchasers sgreamg with lh<* r« speetive Itailios*! < umpslile* therefor. I’m ruled. That hefors re I* ssing the Inteiesl *,r the SUte to such land*, such ssle shall b* spprorrd by the liovernor, but the proceeds of ell such ssles shell be spplieil to the psyment of Interest seeming upon the bolid* In esse of defsalt of the psytueiit of the same, sn*l as a sinking fund to meet »ny future defsuit In the payment of In terest ami th* principal thereof when due , and as further sreurtty, an amount of lirst mortgage bonds, on the roads, lands stnl franchises, of thr respective ' ompaniea, < orrespoiiding lo the Stale builds Issued, »hall lie transferred to tbs Treasurer of the Mute st the time of the issue ot Slate bonds, and in ease either of said Com panies shall make default In iiaymcnt of either the interest or principal ot tin* bond* Issued to •aid Companies by the Uovernor.no more Ststa bonds shall thereafter be laaued to said l on* pany . and Ilia liovernor shall proceed In each manner as may be prescribed by law. lo acll ihe bond* of tha defaulting Torn pany or t om panics, or tha lands held in trust as ahova, or may require a foreclosure of the mortgage ex ecuted to secure Did same'" Now " gentle rtoiler," whut <lo you sup jew,' tie* above quotation from tbe bill i incur* ? If yin arc not familiar witli tbe tricks of law makers, and ban- not cloacly arantesl it* various provisos**, you may. , witli a gi-noroos fdsili'l*nit; infer tliat it la all right, and brimful of tbe " anqil*- aecu rities ao much cxt*,lM by tin; learn**) friend* of tlie bill. Dr, you may modestly dismiw* >t ff'*m furlln-r study, as too pro found for y*Kir untutored coaprdiffixioo; ami. fix y*sir cnligbU.-nuictit tick an easy, ! lucid an*l satisfactory explanation or jsira- I j,lirase, Irom Urn able friend* of tbe bill, which y*si will find Mattered iiroadcast over the Htate, in Un-ir n* wsj*ajs-r artickw and Ailow me, bowevtT. to warn you agaiiwt tbe danger of such nnsplae**! (ssifidence Many of the**- gentlerie-n have leen sfflict**l ! |,y a strange d*-lusion. infaloali'si, or some thing d»e. »> that lls-y lnsieetly. jsTbaiw. reprewnt that there are se*-linin'* in tbe* bill, which cannot In- fisitnl on a fair inter pretext km ol an *4Acial copy. 1/d ua f*»r the Jirew-nt kiftiMmr the [see pic tls; bill tii lie submitted to them, arsl I,re-fly '■ooahler th*- foregoing quoted ex tract. I think we shall xe in tlie upjst , rent fairness ami confused infoluti**) **f it* giutrded pros shoo*, what will I mk very i Ilk*- an inteoded dere-ptmn. This quality of tie- bill may he, however, only a remarkable . *c< *Jetit. In disMcting tie- j«rt <juote)d th> famous wraritim—we would briefly ex , ain o e»cb Hatwe in its owW. ami to mak*- tl* critidoß clear, net down lb*- quotation* fnsn tlie frill in WUi" | Ist. The “ net profile," kc. the availability of tin* security t* so re n**t* tfiat ttw Htate may tor (wiudUl ont of the whole S!iMOJXj>> befure there are any • ** pr'ipt*- 2dl A*d a cftnerytJ'*'* to \Ut Hiatt of ikt i fret lw» hundred and /wrfy mlumt of larol i fret ftom jnmr mt'imbiamt*.'' Uiton a lair oorwtruellon of the land grant, the Htate is nrobably entitlrel to rtv reive for each roa*l 120 wvtionti upon likui tion. and in advance of com plot ion The legal title to flm land will first be in the Htate. The equitable title 1* in (he comna tiica unen whom tlto “ Kxtra Hivwimt " Ikv stowed it. Till* eonvoyamv to tbe tlover nor unite* both lujuttalile ami legal title in him, enabling hint to make good ami suffi cient diviln. A* will Im explainctl, the Governor is math; only a trustee to execute deed* for the r«mi)Hiny. No cotn|MMtv will gtd, however,more than 120 wTtinii* of land, till it shall Have “com pleted" twenty mile* of mad. After pro viding for the “coiiceydnrr to thr State,” the bill gisv* on to providu further wlmt hliiill In' ihuie with this mtciiwt ho eonveyml, us fol low* : It*/, " H hah siuh I'nm/Mini/ is or mai/ hr iiuthoriznl to sell in trust for the better sent rify n f thr Trnitui y til thr Slnlt f rom lot* on win I bonds, [ Slntr lioiiili J . ' F.iich (’iuii|>any Is Urn* made u trustee to tS'll the land*, and, of eoiirw>, hold the pro (Xhhls, " for thr tiettri senility of thr Stole Treasury.” Tlii* fund, thus confided to the Ruilrou*) t'oinimny, lo secure the Stair, cuu not Im r* aeheil, nor ran proemvling* b** in h! it litre*! (or it* reiuivcry, until tin* eompaniea default in |iuvineitt of intenwl, or principal, it thru, fur liie remedy by h milMequciit pro vision, is yet to be provided by the legisla ture. The hill proceed* : 4th " If’/*>*A win/ drrd of It list shall flu Iluirnr the (Jiweiniu and Secretary of Stale to ninir rimi'ryantrs of title to all or any such lands la parrnatrrs agiremg rrilh the iripeil ive Kailiaad t'oriifoinits there) m," Whut “iltnl oj tr asf" is this? Tlie only •Iced, previously refi-rnsl to is tlie "(unify ante to the State," which must lie tic “ deed ol trust” authorixing, ami tlwrelore direct ing llw Governor and Hecretary of Htate to liecmni' the conveyancers aigl dis*lexecutors for the Rttilrmal ('oinismi***. When a com pany m'll* tlm lands, they will be bound by t lm* ami'ii*l* d eimstiliitinli they liuve sworn lo siip|sirl, to muke d**»l* to " purclulsei * agreeing with the rrsperlivi. Hinlioud Cum panic* tlie re for.” Tliougli the Htate is to Ik* swiudlixJ, Mid tiiuwi Htate offii'i r* know the fact, llicy eannot rluuigo this constitu tional provision fis- the probrtioti of flu) Htate, but miMt ots*y it, without diserelion. 'lltn rights of tlai “parchaser*" and parlies will enforce this construction. Next in or der ill this bill of iniquities, is un iwteola tion* "/'roiui/n/," ominous of oilier like pro tections of “ tin* Trretsuty of (Ik* Htate.’ t>th, "Provided, I hat he fait releasing the interest of the Stale In suih himls, o oh tale shall he nppiiroeil hy the Governor," Tims before this grain) swindle slialt have Iss-n playisl out aisl Its; confiding ttof I’oo ci.K "i# t ami available lands all wild bv tlie Railroad Compamit*, " swh sale shall he ap nrorrd hy the Uiinernm." Tig* Governor bus no diserelion, tlie command is iinisriv tire. If “such sale" wa* made subject to the apjirovnl or di*u|iproval of tlte Goverisir, Ua* law wimld lie different, but the nsistitu tion thus uini-iidivl will say " such sale hum. hr Amtovau" by him. This, i* Imwever, after all only one *>f the iqipurunt Idinds of the bill, us if to Isssiwink tla; pcojilc into lie; lolud that tla' Governor 1* mode tla* guardian of tb*; public int* rest*, lint if our interpretation were doubtful, la; Is to i/uittd as already sliowu to sign tla; deeds, to any purcluuer who nuiy agree with tla; Railroail <’onijiuoy. aisl by that iwtof nmna* exliHiist all his authority ami in fact ap prove* tlw sale, which la; could not refuse in do, mi us to affect the rights of third parti*.*; mi fimg, at hast, os the ( ’oitqsMiie* are not in •k-fault in tla; jiaynent of mterest, if then. We must hasten through this analysis of tla* *• oncuritica"—tla* ta-xt clause Iwgtns witli a promising "hut." fgh. “ Hut the prnrred* of all nnh tide* stud! he apphtil lo tlu payment of interest an irmng upon tht Inmilt in rate of ilefault nj the jmyment of the tame, aml as a sinking fund to meet any future default in thr pay ment of interest and the prum/ml thereof when due " The t 'omjiany has already been moth; tlie trustee to soil tbe lamb* and rereive the pro (veils, ami as trustee, there being no provi* ion to tls- contrary, will bob! tbe “ prmvwds" to pay interest in cose of default, " and iu a unking fund” which may, |s-rbaji*. sink *0 ibvp into the pockids of the lUilroad C'om|Nuia*i, that it will re*|oire mirorufisia power U> ac*'*snplUh the re*ufrwti*si *4 «vti a ghfsit of the sinking fund. The remaining ettuntu, ‘‘an amount of fud mortgage bond*," law been MlficenUy raldled already. A Iter any company slioll have drawn its quota of the loan, ami d faulted in nayment «ff inlef st, the bill prorhk* the folWwing remedy to twve the jssojde from Um nod cooM-ipi* nt oppremtve taxathm, and here i«d* tlavr much extolled safeguards aod ample slants*: fth. " IV <«overnor shall orooced in such rnanrs r a* moj be prescribed by law, to sell the bowls of the defaulting company or esnpanire. or the lands bell in trust os above, or inay reriuire a bsvvrlosure ol the tiiorlgag* executed to secure the same " 'I b<' dtejoiadive, " or" may Is; o>SMtru*vl by the railroad men in their favor. At all events il the 1411 puss, their fraxxls will, at NEW SERIES—NGIB4 tin l Juno session, prtwcrilic the remedial I aw, itml wlh'H it i* remembered, that this will lie June by the same legislators that mnl tlie loan bill, tliere in imreiy uo violation of |irohabilitk*,or even or certainties in suppos ing, that their legislation will be in accord auce with the behest* of the railroad oonh jianice. Now, alter this analysis of the srcnritka, whioli 1 believe to be in aeeordanco with ntrict k-gul interpret at too and oonatruetion, let un indulge in a prophetic glance into tlie future to see how the «win<lle rimy hr worked out. We will suppose tlie time to be the Unit of June, I Hint. Kacli euinpany has wild ita I -Mi sections of tin' innJH, mid hokis, or haa dividid, or utlierwi»e iliajMHMwl of the pro ceeds, oonfldeil to it for *'//i» btlltt unit ify of tk* hnuuru of Mr Stale." The directors have received in eonaidvration ol Nervier*, depot ground*, Ac., Ac., ten or lifloou mil lion* of Drat mortgage ImiiiJn, they have suf fleiently gnided their road, over (lie moat level Ihihl of tlie |iruirie*, or they have doin' better if ynu please —to drew ita share of the loan. At llii* stage of tin- game, the road* are in debt to the State 000,000. What will the railroad men, an shrewd llnaneier* do tin'll T They may do thin: bankrupt their respective eoui|mnie«, ami extinguish (In’ debt. A uulck way to make five mil lion*, for whirl) there are aliumlant preen ilentn. I'nder tlie old hanking *y*tem, the inont prolltuhio part of tl*> ImaiinviM wan to expend, ami then break, buy in their prom iilinm, start anew, and re|rat the *aunt opnr atlon. Many expert business men and pm leNnioiial tinaneier* travel tin- aaine beaten traek to wealth ami honor, and why should not railroad c<>m|stnic*'f ■ty such a «m/i Jr grore the companies will, ill a single stroke of maatrrly policy, >od I lie trunl luml ami wl|H' out an onerous iiieiiinhranee. hliall we expect mortal rail road kilm, iu pursuit of improveun'iit under diflh ullies, to resist so maguilircnl a chance for N|M'euiatiou T Would It Imi fair to treat tiiem as eulpriU for yielding to a tempt at ion so jsiwerli.lly seductive a* this T I (etude*, lin y will then have a iiiultitudu of reanouaide extenuations-unforeseen ae eideuU, Ae., Ac., Ae. To serve the Htate tiny will |talrioticaJly cause tlieir rospeetiro eonipanien to be nolil out for the Ireoellt of the iMindhoklors, they, tlnumelvu* holding miMt of the (mods, tint sulli-ring and disup |tointed State, the balance. Alul tinti tee may mm tin; old vampire*, revamped with Home fresh associates, into a new eoiiipuny. who will come forward ami pun base the first mortgage bond*, inrloding till**' of tho Slate, for a few rents, perlia|W a few mills on tlie dollar. Thus, will the State m-II out all it* *ecu rith-M and claim* ii|sm tin- several road*. liy Ibis time, tlie lilindcnl tax-paying mip jsirlers of this bill will ms: tlmt tlie “ ample mniritiu lo Ihr Stoll" have sll vanished, ami that tlie is'opie have been swimlled by tho tbao “okl" cointnuiiet, They will sea immi gration diniiuislnxl by reason of this Htate debt, Is-neath the crushing weight of which they wjll groan ; tls-rc will not In: a pirns-of liiiuilnxi available railroud in the State; and then just in tlie nick of time, new Itailroad ('ompaiiii-s, gulvanixnl nut of the okl or**, will coine forward with a new measure of "Jinaniutl riluf" in the shafie of another five or ten million loan, properly guarded ami amply areured thu Umi, a* tin- only way to save tin- roads ami the State from utter ruin H ranting, for illustration, that the people will ratify tlie propound amendment, and judging from our past legislative expe riemv, Minnesota Will lie the very field whereon to play out the programme herein sketched. lUw|s«tfuJly, Ac, I), A. ItnIKHTSOK. Th> Saw Hrlllsb Minla*r|r. The new Hritish Ministry, which have jnst succeeded the Tsi.ucmntom dynasty, la cofn|ssH«| as follows : a Premier, Fair I Derby; Chancellor of the Kicbcfiuer, Heniamin Ibsreell, Igwd Chan cellor, Sir F. Tbomiger ; Priaidcnt of the Council, Karl Salisbury ; I xml Privy H.*l, Karl Hardwick ; Home Department, Spen cer Walpole ; Foreign, Karl Malmesbury; Colouial, Mir Kdward llulwer Lytton; Mm isbT of War, Hen Peel; First Jtord of the Admiralty, Hir (J Packington ; Postmaster tb-m-raJ, Ixwd Colchester , Hoard of Trade, Mr. Ifenlry; Hoard of Control, Lord Klltm borough ; Hoard of I’ublk' Works, Lord John Maooers, Attorney Heoeral, Mb P. Kelly, Viceroy of Ireland. Karl Kglinbsi; Irish Chancellor, Justin- Hlaekbum; Chief Secretary, Lord Naas. Mi-mtiers of Ur Hovermnent not in the Cabioet include tbe Duke of Moo time, as ( 'henn-llor of tbe Dueby of Lamaster; Mr. Cairns. Solicitor Hernia): Mr. Seymour Fitzgerald, I ’wW-HecreUry of Foreign Af fairs ; Karl Carnarvon, I'nder Secretary of ('olooici: f-ord Harding, Coder-Secretary of War, Ac. Judge Iruuso, of Maaaarhuaetta, petition* for whose removal are before the Legisla ture ha* sent in a defense of himself He says he was sworn Ui support the constitu tion. and claims to hare fulfilled the spirit and the letter of his oath.