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Ipioneer & flnnocrat.
HA I NT PAUL Tk*n4n)> *ptll •• !*•'»••• n-ILIKHIP MIH TNCMDST, at U»* •• rioQ'rr buildings, corner Third and Jaikaon street*. by oommictf, HOMKItH* Co. BANI.K * riOODRKNI JAM** MII.IM *** ' KlliroH TKKMH OB Tlf K HKKKI.Y HI(I*I!KH*»WI* k,,,m hat TO ■* arNT TO <>»■ AVl'****’- On* copy, no* year 1 ?■ ' Three copies, one year “• "J Kite copies, one year Ten coplea, one year,... ' Twenty coplea, one y r, to one addreaa, JO,HO Twenty eoplea, where each copy la directed, <ll,Wench,).. •• **>* And ii \*tK*r mini bur, nt th* mn* of 9 i.w per year, with a copy gratl* to tne peraon (jet tinu up the Club, or each copy directed II.W. • ‘All aiili* Option* innat be paid In advance. No *pa|>er aent uutil the money la received.— Vuhltahera of PIONKKK ANI> I»KMO< HAT, Ht. I'aul. Minneaota. TilK MIAN HI KNTION. Tbr llallroarf l.eml liranU-- Mr. lien ilrli a*' Miter, We publiah today, (ctnlealiiel in n com inunicatioii Iroui (Joy. (ioKNAB) a hitler from the U'oinuiimioiirr of the General Isuid 'Ofliee, ujem tlie" tuaimiT'tirfctiiCh'rtßf fXid grunt'd to an! the conatruction of ruilromln. muy lie disponed of. Mr. llkhumukm letter in dated January 26, I h 57, wiie addressed to 1.. U. Crookkk, and relates to an lowa rail road grant. It is the <>|iiniofi ol a Mubordi nute officer of the Ifejmrtinent of the rior, ami in by no tueann eonelunive, although entitled to respectful consideration. The land grunt railroud eoui|iaiiien will, ofeourne, •ulniiit the ijueetion to the Secretary of the Interior, liy whom it will be referred to the Attorney General. We propose, in advance of any diaeumion of tho time and iiiuiiiht in wliieli the ruilnaid luudn may be Hold, to (|Uote u letter Irom the Attorney General, drawn out by tliu Hecndury ol Uie Interior, ujioti the gciicrul question of the title of tbcHtalea,and thence of list coiii|wnien, to the liuidn. The earn* applii* to the Minnenota Kraut, tho tirnt words of which are "That then I* ami n hereby granted to tho Territory of Minne sota," Ac., Ac. ArTOHNKT UlKhHil.'H Drill I, I June 7, IH.Y7. ( Hib—l lia ti t of t'oiigrcaa. |-*»*.il K«-I»ru»ry it, 1 H.i.t, glvaa ait'l grant* in Ilia Stale* ot Hiaanun anil Alkalis**. natum laiut* lor the |iur|>imn nl making a rallruatl frum tli« luuulli ui ilia Ohio, by way uf l.illla lloek, to t'ulluu, uii Ilia lev** llna, with brauclira. Tina art v*»t* tlia fra aim pla till* In tlia Stale* tu wliirh ilia lamia ara f[lvtn. A kgialaliaa grant by I'ongrc** iloaauf laalf, |Niipi w I-agora, |iaaa to tin- granlra all the aatata wfairli tin- I'uilail State* bail in tha null inrt mailer nl tha grant, e»i'a|it wbal la«*|ire«a ly e*i aul*i|. The point la ttritily aattlad, II tlia highest jmll rial authnrlly ran tattle anytlnug, ami run If Ultra bail bean nn itccisiuri nl it, I tlmulil think It tun plain, uu original prinriplra, to ailiult of a doubt. Whan f'ongraM aaya that a rartain pm lion uf tlia public domain of ihr I’m tad Htalaa --la hereby granted "toaHlalr,what liaad can tlu-in ba of any further aaaurancaa 111 order to glra tha Slate a perfect title In lea ? Tha definite hiratlon of tba road will loeate tlia grant upon tha proper nuniherof even (mid •ectlona In Mlnnoaota) aartlmia on each »lde with wliirh tha t'lilted Htateaaball not previous ly bare parted with the title, and the seleetlon of the Governor* agent will drterailna what aertlona or partaof aoctlona are to he tato-n in alead of thou# aold or aubjert to pre emplion. Then the title to earb particular parrel will be aa complete *a If it had hern granted hy name, number, or deerrlpt'on. The •urvry reipilred hy the lira! aectlon of the law, will enable you tu know what land* am appropriated hy the mere locaUun of the route tor tha railroad, and, I preeume, you*,will aUo be Informed, In »ome autbantle way, of the choice made by the Governor* agent*. I can nee no objection toyour luruiehlng ImU of thoee lande to any person who daairea to make a proper u*a of tbrlu, Inal aa you would Sire other Information from rue recorda of your epartment. Hut aucli llata can hare no iiillti • nee on the title of the Htatee. The Htatee of Miaaourl and Arhatma* will hold theee lamia in tru»t for certain purpoaea, and the mode m which the Irual ahall be ear cuted, t* preacrlbed in the act making the grant. What thoae Htatea can rlghtlully do with the landa, or what remedy tba Tinted Htatea will hate If they do wrong, are uol i|ueato>na fur yuu or me to declda at preeent. I hare the honor to ba Very reapeatful y V our obed't eert ant, (Signed) J H. Iti.»<k lion. J Tinmrson, Hec'y of lha lutarior. The title of our railroad eompounw is «!*■- rived from the not of the I * gialalivc Am-hi biy of Minueaotn. Approved Mnrrli 22d -1857. That not contain* tin- follow mg language aa to each rond "for tba pnrpoaa ol aiding m the eonetruc tioti of tha rallruada which, by tine act, the aer era! railroada meiitn-ued m ilna act, ara author laed to eonatruct, all tha mUtesl and eatatr. preeaut and prospective, ol the *aid larnloir and future State, in or to any and all tha landa granted by tha Government of the I nited Htatea to lha Territory of Minnesota for the purpoee ol aldiag in the cunalraotiou of toada herein aal forth by virtue of the Act of Congreca, entitled Ac.. a a a together with all aad •mgular. the righta. pnvilagaa, and miuumtiea cunlerrad, or intended to be conferred, apou aaul Territory, by the »aul ad of t ongreaa are hereby granted to, and * rated In, aaid railroad compeaiaa raapeclively . ' Hy the propena-d l*mn of Stnle Credit, n Sinking Fund for tbo payment of pnnei pnl ir provided aa 1011.-w-: •• The'.overnor ahall demand and receive from each uf aaid t xmpaaiee, before Any ( eald bonde are tasu.-d * * a conveyance to the State of the drat two hundred and forty eee Uona of lead, free from prior lacumbraacee. which each Company w or *4y he aulhorued to aell, lA truat lor the better aecurily of the Treaeury of the Htate frum to** ,>a aaid bonda. which naid dead of tru»t *b*ll antbori/.e the fioveraor andSacetary of Slate to maka eon vayance* of title to all or any of aa< h land* to pnrrhaaeri agraelng with the reapectlre Hall road Oompanle* llmrefor, HrwuUd, That be fore releaoog t/i» mtereat of the State to •utli landa *u- h *alc »h»ll be approved by the Gov ernor, but the proceed* of all *uch aale* •hall l<* applied *o the payment of mtereat ac r ruing upon the bond* In < a*e of default of the payment of the tame, and a* a *mklng fund to meet any future default In the payment of in tcrevt, and the principal thereof when due." Cwli-r thin language, tig! first two hun dred and forty section* which n Gom part is now, or may become, authorized to anil arc act ajuirt nn<l conveyed to the State, for tig- purpuric of a kinking luml for principal or to meet actual ik-fault by a company in tin- payiin-nt of interval. The object in ol>- tuiricil, if, by tin: time a good price can be had for them (Huy 810 ja r aerej, the right to acli ik vmUtl. At Uie outaet, the right to w-ll the first 120 wetionk wag suggested a.-* a uii-uiw of providing accruing puymciitk of interest: tint, uh the hill wan amended, the lamia are relied upon to provide lor the State Isindg at matin ity. Hence, it in not ho important, whether the right to nell and convey the land ik made ui>- koluti! immediately or in a reukoriable pcriisl h'reufb r, and in this reaped the opponent* of the loan attach tar more importance than it demundk, to the letter in ipieation. Section -1 ol tin- Minmwota land grant act ia in the following word* : "Sat. 1. And be it further enacted, That the laud* hereby granted tll_Hiil Tvrntory »r future Si»ie,‘*li*]f i* >/i*j>6a«<n>f by iiiiT Terri tory or luture Htate, only ill th-- ui*nm-r follow lug,.that i* to »»y, lhal a t|u*iilily of land nut i* v ceding our hundred and twenty aectlon* lor each of said road* and branches, and included within a continiKiua length of each of aaid road* uud tranche*, rnuy he eutd ; ami when the Gov ernor of aaid Territory or future State ahall certify to the Secretary ol tint Interior, that any twenty coulllioou* mile* ol any ol aaid roada or hraaehea i* < uliipleted, then anulhn ipiautily ol laud heiuhy grunted, nottu exceed one humlied and twenty *eclioiiH for eai h of ■aid road* and hi am Ire* having twenty t outiu non* mile*compleled a* aforesaid, uruf initiated within ii rimtmuvue /eng th nj tweidi/ miles nj tiuh nj nruf unite m bianehte, maybe *rdd ; and *u Irulu time to time until aaid road*and branches are completed , and il any of said roada or hranche* i* not oolopleted within ten year* no fill thei -ale ahall be made,,and the land" unsold ahall revert to the United htatea," 'I he right tu rat-11 the first out; humlriel ami twenty w-clionk m advance of couktruction ia no evident from the flrnt elaune, that Cul. I>. A. UoHUKTrOk, iiutwithktunditig liim ktridig biaa, lately used the follow mg tun guitge in our pa|N-r. " ( port u fair const rui linn of the /.urn/ t hunt, the State it pi ninthly rnlilleii to receive for mrh until 120 tec t unit, upon /cxitf run, and in advance of completion." Such waa the construction of the Miiiih-molu Ik-gikluturc, when they ilik)>oM.'i| of lire (irant. Hy Section 111 of thik Act, it ia proviib-rl, that “ whem-ver twenty or more rontinuouk liiilca of road khall have bei u hunted, the (lovernor shall certify the Mine to the Sec retary of the Interior anil thcreupoo the ti tle to ooc hundred und twenty Mictions of Haul landa khall vent in the kuid Company." Ac In Wisconsin, the Is-gislature required twenty miles of ctmthuchon, instead of lo eation , but allowed the Companies, when *Hid twenty inilea wan completed, fo tell two hundred and forty sections of land —thiik re- n-ginning the law of Congra* to provide as I the Is-gialature uf Minnesota lias directed. The lUilriatd Companies will claim, ami j I take the opinion of Attorney General Bla< k j ' upon the point, that Section 4 above ipioled 1 givr-k to the Slate, and thenee to the Coin , punier), the right to sell 150 sections at the | I start, ami an equal quantity thereallop— anothrr 120 section*—ou the construction of every twenty miles, und thin with only one •|iiali(ieatioti. namely, that the lands shall he "niclwlfd within a cimtmmu denyth of t went it mi let of the und. It would have Isvn eusy to say “ if adjaeent to the |sirtion completed," but language ik earvliilly ent ployed which nn-rv ly impliiri that the hinds must In- located in a body rnding on a "coo tiuuoua length of twenty miloa." It is in kikterl that no otlier construction would car ry the object of the (irant into ellK t, nor will the jaunt t>c ya-hied until the Supreme 1 Court of the I'nited Statea has determined adversely. The error of Mr. Hkm-ai- »'* lumty note ' ik. that he assumra--dhinkk it " j-lain, ' that the lands authoring to sold mimt be "ojw jswite tint completed portion." 1 ’Hh- In-gi-la lure* of W iseonsin ami M iimeaota eowtrued tlui exprvmiiui *• include)! within a continu ous length of twenty miles of each of such roatl* or branches." as intsodid to carry out the manilist object ot Congress, namely, to i allow the kale of 7»‘>,SOO aens for every - twenty tnihwof entnpk-ted road, ami we have i i b»vn mfbnaed. and have n-cu n«w*jia|w-r «tati-merits to the eflkvt. that tin- right of i the l*t Crouse am! Milwaukee R. It Co., to ! w-ll M\* *eetions. on the construrtioo of forty miles, has Iwn allowed, although tls tv w. n i mi lauds, of a small quantity, adjacent to | tls- forty miles of ttuiidsd rvstd Hut, as we have alrvssly rvmarktvl, we do 1 i not regard the questiott as having much ! practical importance. Cmler Attorney <J»-n -; erai Hi.si-k's opinion, tts- title to the lands |is in the Companies. lVv can i-oowy in - trust at this time 240 sections, subject to be I divrstid if the combtii-us of tire land Grant • are md complied with The State will hold the lands, bat without power to *4l. until J the need it cumpdetnl 6*you.i them, according , 'to Mr llssnst- ti letter. Thw might N- the weekly pioneer and democrat. an objection, if it wa« projrcwed or -leeir-d to sell the lands sooner, bat it is not. Tle-y | are exprawly set afkirt, as a Kinking Fund fig- princifial, nncl the longer they are held j without mlt, the Utitr for the Stale. Under j Mr. HutnstcK * theory, tbs l>eed of Trust - will designate the land* by Necti<g)H and th- y ’ will Ire the first on tin- lines of ri>a<l until . the whole quantitity of 153,000 aerm 1614.- i (»0<) ac-ri* in all) Isobtaitierl. As against the j Gbvcmineut ami the Companies, tie- lands , are firmly and necurely held; but tie y can ! not Is- sold—they are locked up from vale 1 —for a lon jer |k-riod than was expected.— Well, what of that Y 'Ho much the better for the Htate, according to our impression. They »re conveyed and l« ld to provide for the leuulk whin they mature fifteen or tw<-n -jty years hence—to secure a Sinking Fund, i No kale ol them khould take place, uiilchh tlk-y bring 810 p* r acre ; and that cannot lie exj» etcd until thi- road* are in ojk-ration lk-yond them. Ak for interist payments, they arc other 1 wine secured hy the right to sell first inert gage bomb- to tlx; lull amount of Htate bonds I**lll*l—Bl2 of railroad bond* to 81 of an nual payments for interest—with the [mwer of selling out every couijiatiy, ou foreclosur--. with all their franchise, on any default.— Itesides thik nummary remedy, aik-quiitc at all tiim-s to prevent advancen from the Htutc Treasury for interest, Ahchett protits of any portion constructed, are specifically plulged ; and if the ilefault occur* while tin issue of Htute bonds continues, then the fur ther issue to a defaulting company ceases. While, therefore, the right to sell the land* dedicat'd to a future sinking fund may Is post[Kku dto a period when higher price* [ will Ik- realised—thus really be-nelitting the State,'and securing the very object propemd I by tin ctmvtynntt in trust ; yet we hope and | iK-licve that the Secretary of the Interior and the Attormy General will promptly overrule Mr. llkshhuks. It would eer tuinly faeilitate our railroad interests to , adopt such a construction us will enable the companies to sell Tf'-.sOO acres for every con struction of tweuty mill*. If a narrow uml illiberal policy is adopted in this resjiect, it j constitutes, to our mind, a [kiwerful urgu ment—one- which we hud not anticipated— 1 in lavor of the loan of Htate credit. Such a loan, in that case, will Is- seen to Is- more nectscary, and Nccesaity—the value of rail risuls under all circumstancee and the value of tlieir sjkisly construction at this time—is the controlling argument in favor of the measure. The late publication will be very i likely to charge to friends of tls- loan, tiuttiy who had hitherto suppomd the land grant to be an ample provision for their commencement and peosecutiou ; and who now, wring an ofiicial determination to im pair its prm-nt value, will, on tliat account alone, I*! disposed to advance the Htate credit for the pur|*iw of making the lands at ailable. Tbr U*n Unrilt**. i ( We have exhibited our confidence in the I , (Hisition which wo have assumed on thi* | question, by giving considerable space- in - otir columns to ail verse communications front Messrs. Koiibrthoh and (lokwas. We liave no disposition to make any formal rejoinder ; but after di*|»singof a few p'itits suggested by tliiao- communications, we |>ropti«c to add —it may be to reiterate—some further con siderations in favor of an nlfirtuativc vote by tlie people 1. We have discuss'd, at some h-ngth the wi<ie distinction between the direct con itruction by a State of canals and railroa»lk involving taxation, and the policy which has ! grown up since 1850, of loaning its public ] credit to aid such works, devolving upon [Ktrtu* managing them, the duty of provid- ' iog for [vayinenta of interest and principal, i ' All the State debts for internal improve- j ment* ts-long to the former class ; and among I these we include every instance wliere a State ' has oubscriUsl to capital stock or advanced i ntooey from h*-r Tnasary for such a pur [Hise. We arw informed that New York, j Ohio uml Iruliana were always direct parti)-* to their railroad enterprm-* -advancing tmus-y in the first instance II so, these State* are not illustration* i-f a loan ot • State credit. In Massachusetts, Tennessee Missouri, ami evi-ry Htate making such l-an*. | no advame >4 tuom-y has ever is curresl and ) no tax has ever been im|s**>t in connection with th*- loan. In other wonlx, private eo terpriss is the prioeipa! thi- State is a surety ! ** k» v »-‘ J 1 '* to l.arn of a sne gle lustame where there ha< teen a public - loss in the United States fr m saeh a tran metioo. 2. The letter of Mr. Ilonniecs we hare c-msiik-nsl tu aiK>thcr article. If its cow itructuin is not revs-rare! by the l>«partisent of the Interior, it will const.tute an argu- BK'ut to many mind* in fare-r of the loan while the object of the «)>cvcyance in trust to the State of 240 wclton* of laisl is not impairesl A postponena-rt of the power t>- •eli Uusis held to [iruvide a «mkmg fund cun only lend to menusr tbeir value for such a j [<urpi**-. 3. We regard the denial t-y tb*- memt-er* of the Is-giaUture of an article in the Mtn net',turn, as an explicit statement tiiat a Htate tax was never intended by tbi-m as a msta-ary part of a loan of State credit; and in this re*i*ft they are fully sustained by Uie legislation of other Statin. The Minne udian had charged tliat it was their " pur pose and intention" to levy such a tax at the Jow session, and that this was the •* main, the moving object” of the adjournment.— These assertions, claimed to be “upon the lent authority," the ra*-mbers pronounced unqualifiedly fahe,” and in the same con nection, tlK'y enumerated the securities, which rendered it imneciasary for the Legis lature to levy u tux for interest or principal. Their denial, of course, only related to their own action, and effectually refuted a gross misrepresentation, not only of themselves, bat of the proponed umcn.lmcnt. There cun and will lie no taxation, unh-ss the compa nies are in default, and all the securities held by the State an exhausted. The press of news will oblige us to post jsme to our next is-ue some furtlicr con sidentious, which, in our judgment, far out weigh everything advanced in our columns, or elsewhere, against this measure. Further C uattlfleratlnu lu Favor of Hi liatlflralloiii Wc resume the argument in favor of the ratification by the people of the railroad loan. We cannot see for our life, how, under this jiropOHition, a Kailroud Company could make expenses in any attempt at a swindle. It would certainly cost 810,000 per mile to jirejiare ten miles of rood for the superstruc ture ; or another 810,01)0 to fully complete and ojsTatc ten miles. As construction must, in ull cam-s, precede the issue of State luinitri, what is to be gained by dishonesty Hut it may lie denied, thut the Conijianies will lie obliged to ruise and exjs nd equal amounts in the first instance—that these re adit can be accomplished with one half the amount of State aid. If 85,000 per mile will prepare u road-bed for the iron, or fully complete a road-lied with cars running there on. then we are called ufmn to believe that these Companies will go into insolvency surrender their lntnl grants—be dishonored in the persons of all connected with them' for the sum of 8’50,0(i0 ettch ! Hut we re. jieat, there is no possibility that tlie condi tions of this loan can be complied with and h ave any such amount—there is, on the other hand, a great probability that the Compa nies will be? compelled, over and above the State aid, to raise uiul cxjiend full fifty per cent, before entitling themselves to the State liomli. This city has lately voted with remarka ble unanimity for the Hridge Ixiun: and yet, tijsin this theory of seoundrelism without motive or object, it would have been easy to cry “swindle!" ami impute conduct to the gentlemen connected with that enterprise which would have qualified them lor a lunatic asylum! Why not attribute to Messrs. Cut tk.Kick.lUMHKY.HTKKi.K.andothcrscon nected with the Railrisuls what all cheerfully eoneisle to Messrs. ILhikrtson. Maisiiaix, Hakrh and others connected with the Hridge improvement — namely, some regard for per sonal character aud the public welfure?— We have hitherto had little to say to this jNiint, because we wished the projmeed amendment to lie made so secure that then' would be safety to the State if every ltail road Director was a fugitive from justice: but believing that result to have been ob tained, we think it high time that the com munity should express tlieir disgust with that opjioaition to tlie hum bill which assmes tliat Minnesota is below the level of ltotany i Hay. ami that our first citizens will sacrifice 1 their interests, any time, under a mama for i tlu commission of crime. Ni>r do we think it necessary to further argue the question of securities. We have fully jiresenteil the grounds of our belief, that they are sufficiently ample to exonerate tlie State Treasury from all advances on ac count of the loan, and hence we concur with the members of the legislature in tlieir pub lished determination to levy no tax, now or herenfb r. in advance of an actual default ot (Niyment by tlie companies. As such a de fault is unlikely to occur, or, il it occur*, as the State holds the mums of indemnity to her Treasury, the bugbear of taxation ut terly disapjwars—is “ gone up 'in Western parlance. Fitteen or twenty year* hence, jiwtenty, with a populous and pruajNjrous state frir an inheritance, must look to the principal for the discharge "I which we ind icate 614.400 acres of land, ami which, when sold, will constitute an abumlant sinking hind And as for interest on the** Htate tnuds—our only concern alter the above legacy to posterity—tbc peremptory sale of first mortgage bonds of the companies, held by the Treaiatrer in the proportion of 814 Ui 81 of annual inti-rest payment* (8100.000 to provide for $7000). with a further reme dy to dwpoae of .and* and rood* on foreclo sure. will completi-lT prefect the State, with out reference to the exclusive lien upon nett profit* for interest payments. We cannot imagine a case where rich a sale of boo,is specially when the total amount UNuabie » tT. always limited by Trust Deeds to the sates- j 1 fit turn of bond-hotilers, and never at the dis- * trthon of railroad officers, can fail to (Tone rate the State Treasury from low. The emigration argument in favor of the ‘ railroad loan—its value in stimulating labor ‘ and attracting capital—and, as a const- 1 qucnce of the general prosperity, the in- 1 creased rates which the State Scrip and 1 the $250,000 loan will command in the * market, have never been set forth more eon- 1 clnsively, than in the following article from Monroe’s Journal of Finance and Bank Re porter of March 20. The Journal is pub lished in Wall street, New York, and we 1 are informed stands as high as any publiea- < tion of the kind. It will be seen that “A Mirmcsotian" spoke of the loon, as its oppo nents are accustomed to do, and put the case ( far more strongly than the tact* justify ; but i this makes the testimony of the Wall street ( paper more satisfactory. We quote as above stated : J AMKH UIINKOR. Es<J.. I'KAH SIK I— The bill to so amend the Constitution of Minnesota so as < to allow the MMie of five Millions of State Ootids to the railroad companies of our State. ' has passed the l/-gi»l»ture, making the debt of I our State in all ♦'i.loO.OOO. What effect will this have on the value of State icrip in your city? A reply through your Hejmrier would oblige A Miknkhotiin. We do not consider that this issue of A'i.(SM).- 0414) of State Hoods will in the least diminish the * value of any hunnJutr evidence of debt standing against Minnesota. The great improvements which this sum will promote will amply coin- j peuate the peiyile lor the nulls ■’ by re opeuing the £ute“to lße“rtßTgrati*on"dl all i lasses, he sides which the enormous ejpenditures required in building the»e roads will greatly add to the working capital of the State, ami thus encour age great enterprise. If those bonds are judi ciously put into the market, it will create ade . mand for scrip which did not exist before, add- I ing greatly to its value, besides which the new 1 banking law which your Legislature has just enacted will furnish the means of absorbing all State stocks issued by your State, whether bonds or scrip. : What can atld to the force of this brief paragraph on every [stint referred to Ob serve the lunguugc— “rc-open Minnesota to ■ emigration."—recognising the fact that we had not our share last year, utsl that the louu measure is of vital importance in giving us our share for the coining season. In a former review of this subject, we al luded briefly to a Senate amendment, re. ([Hiring each company to complete fifty miles of road before the expiration of the year Isfil, undone hundred milet) before 1864, and four fifths of the entire length before 18GG. with a penalty for the non-compli ance with these requirements, that all the lunds and franchises pertaining to the por tions not thus constructed, shall be abso-, lutely forfeited to the State. The aeleet committee of the House of Representatives. | explained the object and effect of this provi j sion ns follows : “ The ebarters granted to th# companies at the extra seseiun of the Territorial l-eg | idature last nututner, for some reasons not (led , nitely known to your committee, fsiled to coin ! pel the companies to progress with the work j on their respective roads front year to year, or forfeit their charters. By the provisions of this j proposed loan of credit, we secure to the State I what should have been done by a previous leg islature, thereby securing to the State the vigor ous prosecution ol the work on all the roads from year to year uulil completed, or a for feitnre of their charter in season for the State to dispose of the remaining portion of the land i grant to such companies a* will complete | them." When it is considered that unless these , roads are completed before March ft, 1867, the lands pertaining to the unfinished por ! lions of road, will revert to the United States, the right above secured to the State is, of itself, a sufficient ground to vote for the loan. At present, the companies have ‘ vested rights of which they cannot be do -1 prived against their consent, and extending ; over the whole period of bn years By the ; terms of the loan, and which the companies ; accept as conditions of securing the aid of the State, there must be 200 miles of road i io operation before the close of I*6l. or the ! Stnti takes hark the land grant. So in 1864, if 400 miles are not completed—so by 184>6 1 fourteen months before the lands revert to the United States—if 1200 miles (four ( fifths of the whole) are not completed. As : we have already‘remarked. liere are three I opportunities (trfiuA vill he lost by voting aeamst the /ram) for throwing off these com panies if they do not faithfully discharge their trust. If they do. and give the people twelve hundred miles of railroad before 1866 increasing the value of property hundreds of millions of dollars, there will be few willing to «ilmit that they voted in 185(4 against I the means necessary to eipedit* railroad construction. I There is but one further suggestion which we tkwire to make now. It is. that the de feat of the lawn Bill will exhibit as to the world, as a people, lacking confident's in each other and in the advanUgts of Minnesota. Of what avail all oar effiTts, by newspaper*, j pamphlets, and correspondence, to draw population and capital here, if the response is to come than. Wring back. “ You, by your 1 votes have given the lie to your statements. You conks* your inferiority to Wisconsin and Illinois, where railroads have been sue cesslul—you announce that Minnesota, nei ther in soil, climate or position, is equal to Uwt and Missouri, tor thow States are ra pidly pushing forward their am.ues between tV farmer and hw market. Missouri loaning State credit tor the purpose— no otherwise can your c«r* be explained and tbere f. re. to other State* aritnatid by a bo d y and more enterprising spirit, will we, the emigrant sof both worlds, bend our footsteps!’ It will never do to incur this hazard 1 Al ready—by the vote in the Legislature—has a most favorable impression gone over the country. Every citizen who has returned from the East, has seen and heard enough to make-him a firm friend of the- Loan : and its ratification by a triumphant majority of the people, will u-sher a new era of emigra tion and prosperity b> Minnesota. Minnesota In tfce Senate. The following dispatch was received yes terday, and kiudly furnished us for publica tion : Washinuton, March 25, 1858. Hon. H. 11. Sisi.tv, Governor of Minnesota: Minnesota will pass the-Senate next Monday (29th.) The only tiouble is about our three members. H. M. Rica. Passage ot tlie l.riomploii Hill Ihruugh the (Senate, It will lie seen by the news published in another portion of today's paper, that the Bdilute,8 dilute, on Tuesday last, passed the bill ad mitting Kansas under the Ijecoinpton Con stitution, by a vote of 3d ayes to 25 nays. l or the benefit of men of all parties we give the annexed analysis of the political elements comprising the forces on both sides: son LECourroN. Northern Dcnux-rat* s i Southern li«niorra(s. -J-J Boothita. Americana,. .3. 33 AOAIMST LECORPTIIN. Northern Democrats, 4 Southern Americans, 2 Republicans 19 25 Two Senators, Messrs. Baths, ol Del., and Ueid, of N. C., both ijeconiptouites. were übsent. Mr. Cameron, anti, of Pennsyl vania, parrtri off with Senator Davis. 'Hie bill was received in the House on Thursday, but no day has yet been set for taking a vote upon it. The correspondent of the Philadelphia Brest, states confidently and positively that if the vote upon ijecoinpton lie taken in the House within the next thirty days, it will not exhibit any stronger affirmative than is given in the following classification ; AGAINST TIIE BILL. Republicans 92 American—Davis, Harris,.Kicaud of Md.. Gilmer of North Carolina, Marshall and Cnderwuod of Kentucky 0 Democrats—Adrian of N. J., Clark and Haskins of N. Y., Chapman, Hickman, Owen, Jones, and Montgomery of l’a., Hums, Cockeril, Cox, Urosebeck, Hale, l.awrence and Pendleton of Ohio. Davis, Knglish and Foley of Ind., Harris, Morris, Marshall, Shaw and Smith of 111., and McKibben of Cal., 25 Total 123 FOR TIIE BILL. Democrats -including Speaker and Ca ruthera (absent) 107 Americana—Hill and Tripp of Ga., Ready Maynard and Zollicofler of Tenu., 5 Majority against the bill 10 The House ci insists of 234 mem tiers, in cluding the Speaker. One hundred and eighteen is a majority of the entire House ; Mr, Caritiiehx of Missouri, being absent, the total number is reduced to 233. The Speaker ran only vote on a tic or when his vote can make the division. In ease of Car ctheru’ continued absenci', 117 would be a clear mujority of the entire House, as the Speaker's vote included in the other side would only make 116. How faf the amendments made by the Si nate to the l/pcompton bill will modify the existing feeling in the House, remain.* to be seen. These amendments were designed to change the votes of Kbourh of Indiana Birrs and Pkkdi.kton of Ohio, and Dkr , rant of Pennsylvania. Even if these change, which is extremely doubtful, the vote will then stand—for the bill including the Speak er, 115: against it 118. CamioiVs declaration, that he hus given certificates to the free Slate Legislature. will it is said, strengthen the hostility of the six ( Southern Americans against the bill, and may induce others of the same ftarty to take , a like course. Shakoper luilmm fur the Railroad laOftlt. ; KiuKorn, March 28.1*5«. To ih« K4iu»cs of th** Ptoorer 4 Ivmocrv , lait evening a large aisl enthusiastic j meeting was held here-. The Hal! was I crowded, and at the else resolutions in favor of the loon were adopted. The Hon. Tao*. ( liALBEAt-ni presided, Speaking briefly but mist effectively lor the measure. Speeches were- also made by Misers. Mi rput, Batrn ( Cowan. Whiteuat ami Bradley. The Valley will do its full share to the majority tor the loan. ♦ r We very mm h regret to state, says the Cincinnati Commercial, that the majority •>f horticulturists in this region are deploring the sad •aiamity that has befallen the pach crop. We are informed that the last warm •pell, succeeded by sharp frosty weather. ’ chilled a large portion of the buds of the irc hards hereabouts. We have met several fruit raiirrs, however, who exprere a hope 1 that the orchards have partially escaped. t A legislative prayit meeting iu instito ■ ted on Friday last. at the room J the Court r of Appals. Albany.