Reminiscences of Pioneer Days in St. Paul by Frank Moore
page 18 of 148 (12%)
page 18 of 148 (12%)
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these wonderful days of steam and electricity.
* * * * * Probably no election ever occurred in Minnesota that excited so much interest as the one known as the "Five Million Loan Election." It was not a party measure, as the leading men of both parties favored it; although the Republicans endeavored to make a little capital out of it at a later period. The only paper of any prominence that opposed the passage of the amendment was the Minnesotian, edited by Dr. Thomas Foster. That paper was very violent in its abuse of every one who favored the passage of the law, and its opposition probably had an opposite effect from what was intended by the redoubtable doctor. The great panic of 1857 had had a very depressing effect on business of every description and it was contended that the passage of this measure would give employment to thousands of people; that the rumbling of the locomotive would soon be heard in every corner of the state, and that the dealer in town lots and broad acres would again be able to complacently inform the newcomer the exact locality where a few dollars would soon bring to the investor returns unheard of by any ordinary methods of speculation. The campaign was short and the amendment carried by an immense majority. So nearly unanimous was the sentiment of the community in favor of the measure that it was extremely hazardous for any one to express sentiments In opposition to it. The city of St. Paul, with a population of about 10,000, gave a majority of over 4,000 for the law. There was no Australian law at that time, and one could vote early and often without fear of molestation. One of the amusing features of the campaign, and in opposition to the measure, was a cartoon drawn by R.O. Sweeney, now a resident of Duluth. It was lithographed and widely circulated. The |
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