The reader already knows how the people of Minnesota, believing themselves to have been tricked and swindled by a combination of corrupt politicians and greedy railroad operators, forbade in 1860, by a constitutional amendment, their legislature to make any provision for redeeming the special Minnesota state railroad bonds without their affirmative vote. The holders of the bonds refrained from attempts to secure recognition of their claims till after the close of the Civil War. The legislature of 1866 yielded to their urgency so far as to appoint a commission to ascertain who were then holding the bonds and at what prices they had obtained them. The working members of the commission were John Nicols and General Lucius F. Hubbard. It was in this year that the discovery occurred of 500,000 acres of public land coming to the state under the forgotten act of 1841. On Governor Marshall’s recommendation the legislature of 1867, without waiting for the report of the Nicols commission, joyously devoted those acres to the redemption of the bonds. Under the constitutional amendment of 1860 the act had to run the gauntlet of popular vote. The electors turned down the bill by a decisive majority. The Nicols commission reported to the legislature of 1868 that they had found 1840 of the 2275 bonds in the hands or control of 106 persons. The largest holder was Selah Chamberlain of Ohio, who had held the largest contracts for construction. He averred that his bonds had cost him “more than par” for work done and material furnished; and claimed the whole amount with interest to date as justly due him. Other holders had obtained their bonds by purchase as low as seventeen and one half cents on the dollar. In response to allegations frequently repeated, that the grading done by Mr. Chamberlain for three of the four companies had never cost $9500 a mile, the commission employed an experienced engineer to examine the work and make an estimate of what it should reasonably have cost. His figure was $2843.42 per mile. The report of the Nicols commission did much to confirm the Minnesota people in the conviction that the men who had tricked and cheated them had no standing as honest creditors. Governor Marshall, however, believing that the innocent holders for value at least had just claims, urged the legislature to use the internal improvement lands to satisfy their claims. An absurd bill of 1869 he felt obliged to disapprove. Another of 1870, passed in response to an appeal in his closing message, proposing to turn over the lands at a price which would produce a sum sufficient to pay the bonds, became a law and was ratified by a large majority of the electors voting thereon. The legislature had imposed the condition that the act should not be in effect until at least 2000 bonds had been offered for redemption. But 1032 were turned in, and the act was futile. Governor Austin expressed his regret that the bondholders were unwilling to accept so “fair and