592 



MINNESOTA. 



York, with interest, after January first (1st), one thou- 

 sand eight hundred and eighty-four (1884), payable 

 senri-anuually in the city of New York, at a rate not 

 exceeding five per cent per annum, ami shall huvo 

 coupons attached for aoofi intere>t, mid sliull pledge, 

 the faith and credit of the State to the payment thereof. 

 Said new bonds shall be signed by the Governor and 

 attoted by the Secretary of State, under the great 

 scaJ of the State, and the coupons .-hall have the names 

 of the Governor and Secretary of State thereto, and 

 the bonds shall be countersigned and registered by 

 the State Auditor, and, upon being so executed, coun- 

 tersigned and registered, and as soon as practicable 

 after the passage of this act, the Governor shall deliver 

 to the several owners of the Minnesota State railroad 

 bonds, their heirs or legal representatives, who shall 

 have deposited their bonds with the State Auditor as 

 aforesaid, such an amount of the new bonds as shall 

 be equal to fifty per cent of the par value of principal 

 and interest ol said Minnesota State railroad bonds 

 and the coupons thereto attached, on the first (1st) day 

 of January, one thousand eight hundred and eighty- 

 four (1884), less any deduction resulting from other 

 provisions of this act, said interest to be computed at 

 nve per cent per annum after the passage of this act, 

 and take from said several owners and holders of said 

 Minnesota State railroad bonds so deposited as afore- 

 said, a release under seal, reciting the number and 

 denomination of the State railroad bonds, which said 

 new bonds are taken in payment and settlement for, 

 and acknowledging full satisfaction from the State of 

 all liability on said Minnesota State railroad bonds so 

 owned anil deposited by such person, which release 

 shall be filed in the State Auditor's office. The first 

 coupons shall be made payable on the first (1st) day of 

 July, one thousand eight hundred and eighty -four 

 (1884), and thereafter on the first days of January and 

 July in each year ? until the maturity of said bonds; 

 provided that at its election the State may, and in 

 case said bonds shall draw a less rate of interest than 

 five per cent shall, in lieu of said bonds, pay cash (less 

 any deduction as aforesaid) to the several holders of 

 said Minnesota State railroad bonds so deposited as 

 aforesaid, or any of thern^ a sum equal to fitly per 

 cent of tne par value of principal and interest of said 

 Minnesota State railroad bonds and coupons on the 

 day when said payment is made, taking the release 

 under seal from the holder as in the case of delivery 

 of bonds hereinbefore provided ; and to that end the 

 Governor, Auditor, and Treasurer of State are hereby 

 empowered in their discretion to negotiate, at not less 

 than par, the bonds to be issued under the provisions 

 of this act, and apply the proceeds to the payment of 

 said holders of Minnesota State railroad bonds, as 

 hereinbefore provided. And for the purpose of car- 

 rying out the provisions of this proviso, said bonds 

 may t>e made to bear interest from Januarv 1st, A. D. 

 1882, payable send-annually thereafter, and in case of 

 the delivery of said new bonds, any fractional sum 

 less than one thousand dollars may be paid in cash ; 

 and whenever any of said Minnesota State railroad 

 bonds or the coupons thereof, or any bond of the State 

 is paid, under the provisions of this act or otherwise, 

 the Treasurer or officer paying the same shall stamp, 

 or cause to be stamped, thereon in large letters the 

 words " Canceled and paid," and on the first Mon- 

 day in each month the State Treasurer shall in [the] 

 presence of the Governor and State Auditor burn 

 up all bonds and coupons that shall have been can- 

 celed and paid by him duringthe preceding month or 

 any previous time, and said Treasurer shall keep the 

 number and description of the bonds so destroyed, 

 which shall be certified to be correct by said officers 

 present at their destruction, and be included in the 

 annual report of the State Treasurer. 



The act also provides for the settlement on 

 similar terms of certain judgments, and of cer- 

 tain claims against the railroad companies. 

 By the close of the year nearly all of the bonds 



had been taken up and settled in accordance 

 with the terms of this net. An act was also 

 passed providing for the application of the 

 moneys of the internal improvement land fund 

 to the payment of the principal and interest of 

 the Minnesota State railroad adjustment bonds, 

 which is to take eifect if ratified by the people 

 at the next general election. Another act pro- 

 vides for organizing the county of Kanabec, 

 and fixes the county-seat at Brunswick. Acts 

 were also passed for the assessment and tax- 

 ation of telegraph and telephone lines, and for 

 the uniform taxation of mining property and 

 products. The State was divided into five 

 congressional districts, as follows : 



1. The counties of Houston, Fillmore, Mower, Free- 

 born, Steele, Dodge, Olmsted, Winona, and Wabasha 

 constitute the first congressional district. 



2. The counties of Faribault, Blue Earth, Waseca, 

 Watonwan, Martin, Cotton wood, Jackson, Murray, 

 Nobles. Rock, Pipestone, Lincoln, Lyon, Redwood, 

 Brown, Nicollct, Yellow Medicine, Lac-qui-Parle 

 Siblev, and Lc Sueur constitute the second congres- 

 sional district. 



3. The counties of Goodhue, Rice, Dakota, Scott, 

 Carver, McLeod, Meeker, Kandiyohi, Renville, Swift, 

 and Chippewa constitute the third congressional dis- 

 trict. 



4. The counties of Washington, Ramsey, Ilennepin, 

 Wright, Pine, Kanabec, Anoka, Chisago, Isanti, and 

 Sherburnc constitute the fourth congressional di.-trict. 



5. The counties of Mille Lacs. Benton, Morrison, 

 Stcarns-Popc, Douglas^ Stevens, Big Stone, Traverse, 

 Grant, Toad, Crow Wing, Aitkiu, Carlton, Wadena, 

 Otter Tail, Wilkin, Cass, Becker, Clay, Polk, Bel- 

 trami, Marshall, Kittson, Itasca, St. Louis, Lake, and 

 Cook constitute the fifth congressional district. 



In March, United States Senator Windom, 

 having been made Secretary of the Treasury 

 in President Garfield's Cabinet, resigned, and 

 the Governor appointed Alonzo J. Edgerton 

 to fill the vacancy until the meeting of the 

 Legislature. After President Garfield's death 

 Mr. Windom resigned his position as Secretary, 

 and on the 25th of October he was again elected 

 United States Senator by the Legislature. 



The product of lumber for the year on the 

 upper Mississippi was 339,162,197 feet; also 

 128,432,250 shingles, and 70,380,750 laths. 



The estimated amount of merchantable pine 

 standing May 31, 1880, according to the returns 

 of the census, was as follows: 



WHITE PINE (Pinus strobus). 



STANDING PINE. *' of f< * . 



^board-measure). 



Rainy Lake and Rainy Lake River 300,0(10,000 



Shore of Lake Superior 800,000.000 



St. Louis River and tributaries 1.500.000.000 



Mississippi River and tributaries 2,900,000,000 



Red Lake River and other tributaries of the 



Red River 600,000,000 



Total. 6,100,000,000 



Cut for the census year, ending May 81, 18SO 

 (including 187.836,000 shingles, and 88.088,000 

 hiths) : 540,997,000 



The pine-forest gradually changes in char- 

 acter and decreases in productiveness as it 

 reaches northward. Lakes, and tamarack and 

 cedar (Thuja occidentalis) swamps, are com- 

 mon, and cover large areas ; the pine-trees are 



