Constantine republican. [volume] (Constantine, Mich.) 1836-1838, 1838-05-23
CONSTANTINE REPUBLICAN,.
DETRoIr, May IL, 1893.


to all branches of business. Travel has again
commenced. Steamboats, are constantly arriving
here loaded down with passengers good share
OF them emigrants, seeking a home in the wes-
tern country, who go EARNED and equipped, az
the law Directs" not for war, but for peace they
have theirploughs and other farming implements
prepared to turn the forests and praries into cul
tivated fields
Every thing here appears to look lively tho
merchants arc awaking from their slumbers, and
are preparing for business. That portion of tho
Detroit and st. Joseph Railroad go miles) from
Detroit to Ypsilanti, is bringing into the state
an average of three hundred dollars per dev,.
1t is thought here that this thirty miles will near
iy pay the interest of the entire foe million loan.
What picture this presents for the future pros:
poets of Michigan! Yesterday the receipts nm.
on tho railroad amounted to over four hundred
dollars, and the travelling has but barely com
mcnccd. The southern railroad has all been let
out from Monroe to Adrian, and is now bo;nr
grubbed and graded. The Commissioners intend
to let that portion of the road from Adrian to
Hillsdale centre Immediately. II is the intention
to complete the road from Monroe to Hillsdale bv
fall. They will also let out the contract imme-
diately for clearing and grubbing the road from
the centre Of Hillsdale to Coldwater and Branch:
so you will perceive that work is to Be done
upon me road 4" our immediate pieinify this
gear; one more year will carry the noble train
OF cars upon the st. Joseph river. We have an
ontcrprising board of Commissioners. Thev are
determined to push ahead the works of Internal
Improvement with all possible speed. In fine.
our prospects arc aattering We have reason
to be proud Of the stand taken by our young and
enterprising state.
The banks of this city resumed specie pay.
ments on the 10th; they have found no Difficult.
ty in doing SO. Thcre has been no run upon thu
banks. There is disposition among the people
to aid and assist the banks, in resuming, as much
as possible In fact, no one wants the specie;
they consider the bills precisely as good. Con.
idence is beginning to be restored in the country
banks; the bills of many Of them are received in
payment of notes, and on deposite by the citv
banks, according to arrangement in the late bank
convention.
The General Banking Law of New.York is
regarded as decidedly one of the most important
acts that passed the Legislative body of that
state A bank under that law is soon to 90 into
operation with capital of forty millions of dol.
lars, which is to be established by tho capitalists
OF New. York, in connection with the Earrings of
London. 1t is thought that this bank will have
very beneficial effect upon the whole CONNER.
cial and mercantile community throughout tho
United States.
The people of New Y FORK were never in better
spirits-the four millions of dollars which is {,
be expended this year in charging the Erie Ca
nal, will be scattered among the people through.
out the state, and give them immediate relief.
The steamboat Michigan left here this morning
with five hundred passengers, destined for Illinois
and wisconsin. We understand from passengers
that there will be a great rush for tho Black
Hawk Purchase" upon The Mississippi, this year.
Thousands and thousands of families will flock
INTO the western country this year. from the New
England States. 1t is generally thought that
the emigration will DO greater this year than il
was in the great specializing seasons of IS and '36.
Five steamboats, have already gone from this
P'ace 10 Chicago loaded down with passengers
Many of the passengers are men going west to
work upon the canal and other public works.
1t is thought here that all tho country banks
will be ready to resume specie payments at the
time specified at the late bank convention held at
Ann Arbor The country banks in Michigan
are situated materially different from the banks of
other states. Here they are obliged to give cal
estate security to the State for all their circula.
ton, independent of the notes they receive from
individuals for that circulation, and the specie
they have in their vaults. So that the bill holder
is perfectly safe in any event. But at the end
of tho sixty days it is thought that the country
banks will all be able to pay specie on all bills pre-
scented for payment. p
n rs ALI Our Xillarn Ranka resumed spocia