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THE FOURTH LEGISLATURE
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237
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vantages of geographical position on the great natural
line of commerce, a foremost place in the race of
territories, and the facilities of modern improvements and
great enterprises to promote our advancement in every
department of history and art. By continued adherence to
wise and moderate councils, by earnest and real public
spirit and internal harmony, immigration will be rapidly
increased, our new counties speedily populated, the great
cities of the seaboard will identify with ours their
commercial interests, and capital, once more libated (sic)
from financial paralysis, will find its safe and more
profitable investment in the fee-simple of our fertile
woodlands, prairies, and valleys.
The legislature is advised that the
capitol, a "spacious and imposing edifice, now nearly
completed under the appropriation by the general government
and through the public spirit of the city of Omaha," has
cost fifty thousand dollars more than Congress had provided,
and the governor recommended an appeal to that body for the
amount of the deficit. He advises another memorial to
Congress for the proper distribution of troops along the
emigrant line in connection with an application for grants
of land for building a Pacific railroad along the valley of
the Platte; he states that arrangements for the completion
of the Atlantic and Pacific telegraph from the Missouri
river to the Pacific have been perfected; advises a memorial
to Congress for an appropriation to build a military bridge
across the Platte river; avers that the code of practice "is
universally regarded by the bar as meager and defective" and
that "the statutes are limited, confused, and
contradictory."
He complains that the school law, though
adequate, has been almost unheeded.
Many county superintendents have failed to
qualify as prescribed in sections 19 and 20, chapter 18, 2d
statutes; and the county clerks have provided no
substitutes; nor has the forfeit been collected by the
prosecuting attorney as provided in section 23. Others have
neglected to report to the superintendent of public
instruction on the 1st of November, as ordered in section
32. Thus the law has been rendered virtually a dead letter.
In many, if not all the counties, no districts have been
formed; no taxes levied; no teachers employed and no steps
taken in respect to school laws. The act of Congress of
1857, providing for the selection of other sections in lieu
of the 16th and 22d, when occupied and improved prior to the
surveys, has temporarily abridged the land fund, but it is
the duty of the county superintendent (chap. 18, sec. 9) to
examine, allot in parcels, and value the sections not thus
occupied, as well as others after they shall have been
selected.
It appears that the law of 1856 providing
for a general military organization had not been carried
out; for, the message informs us, while "companies exist in
nearly every county their organization is very imperfect or
suffered to decline." The governor favors the then
undemocratic expedient of "a small appropriation" to each
county from the territorial revenue "to encourage the
development of our agricultural and productive
resources."
Governor Cuming's limited and faulty
understanding of the principles of banking, as also his
clear foresight and positive opinion as to the vexed subject
of the territorial banks, were expressed as follows:
It may be urged that specie is again
returning to its former channels, and that public trust will
soon revive. Yet what amount of coin will repair the injury
already wrought, or afford a basis of security against human
avarice, stimulated to extravagant speculations and
unscrupulous excesses by the facilities afforded by an
insecure banking system? The history of "profitable" banking
is inevitably the history of alternate depression,
overaction, and ruinous expansion. May we not hope that the
events of the year will lead to a general reform, and to the
restriction of paper to the uses of commercial men?
Believing as I do, that the whole system of banking is
insecure, even when based on state stocks and securities,
where one promise to pay is made the basis of another, both
perhaps equally fallacious, and being especially convinced
that the institution of banks in this territory was
impolitic, and that there are imperfections in the charters,
I respectfully urge that some adequate means be taken to
remedy the evil and protect our citizens in future. Many
persons who have realized from such systems advantage to
themselves may have heretofore seen no danger to others. But
the experiment has now, at least, been fully tried, and none
can be so far deluded by the transient stimulus and
temporary vigor imparted to business transactions by traffic
in expanded credit as to fail to see the necessity of
additional protection of labor and of the
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