The Illinois free trader. (Ottawa, Ill.) 1840-1841, 1841-01-22
VOLUME !.
Fifth Annual Report
Of the Board Of Commissioners Of The
Illinois and Michigan Canal.
To his ExcelIency Thomas CARLIS,
Governor Of the Slate Of Illinois:


their Fifth Annual Report
AT the close of the last fiscal year there
remained in the Treasury, and in the con-
tingent fund, the sum OF S2,8Ol 90,
which, before the expiration of the first
quarter, was absorbed by the payment of
interest, the redemption of outstanding
checks, and disbursements for lndispensa-
be contingencies.
part of the work for the last quarter
of 1889 had gone unpaid, for the want of
funds; and the disordered state of the mo-
nev market, attended by a rapid fall OF all
public securities, forbade any probable re-
lance upon the sale of bonds al par, or
aid from the contract made by Mcssrs.
Young and Reynolds with Mcssrs. Wright
and Co. Of London. By the 9th section
of the amenda,orv law in relation TO the
canal, approved Feb. |, 1910, it was en-
acted. that ''should there be no funds on
hand to meet the liabilities of the state to
the contractors, for labor done ON the Hi
nois and Michigan Canal, at the estimate
70 ne ''i'ue y" VIC ''' Va -''"t0'' ''0''
shall be the duty of the commissioners of
said Canal, to issue their checks to con-
tractors for such amount as may be found
then u"e' a' 10" P'o''"'u ~ ''"' anu
tied for that purpose, bearing an interest
at the rate of six per cent: Pr0UiIed, that
'n'S pfov'S'o" siIai' ''1' eN'C"u ~ estimates :.
i'aue Hi'er sal" ''''' va! VI Ni''o'. 'oN''
III "c"o'ua.''' M '''I 'I',5n.H W.. p,T
'i'io"'' '''''"'' ".'.o -, .',' n' VI 49,,
10 VIC ''''''"'' VI @i' ,,I''' ~ 0 W.. I''.
e' III pay ''9"' VI '"',.''',o' We |"'H N''
on lhat oay' am ]" u''c""'se ol al =
Vions ihueD'eaheSS 10 c""""C'o,' '''''
a3eh'S. Tic amount VI "'e ""o'o pay
ment' al ",e c'"Sc Vi '''0 ~ f'''r 49, VS. w.
7'oo'"oo 49, "''''1 ','1 ','',l'.','' i.c
a. J"S' S'''oN' "''' ~''0J'' -. ,,,'
lerehce l''''"o oee'' '.''''9 up - q '"''''''
rom ','0 'o'.'''I ''' '"''' W Wv -
as GAP'"'"F" III '',' ''''"'' P"''' 49,, r's 's''''
OF t'e secretary "' 'ic 'o"'T' : ~ sam
uocU''''i' WIN I''o" ", ''I , '' "c,"a' 3oI6
scrip cif'u'a'e" W. ele ''' VI ''''
a'hou'.''''s " @~o''@~' - anu VIZ VIZ -, ~
aug i,'''"'"s' "''''"'''.nS " - -''', -
mas" ''l t''o P.'o'' W ',.' 7 -, I'T
'"',y i'oo''''" o'' P'0'0''''','''. =
sD'a'i ,"i, ';oI -! presence 80 - go
p' w, U'.N oh.or.a ~ ,:,,,
"' """o'''y IVA 80 ''l'l w.. In.n
ha'i"s oec'' '"P'ooS'y ''''-''N' y w -"
o! '"c last SeSS'''' " '''o pa! n.y. wv. -
Ma'cn' d." '"' ''0'Po'. W Nv ''''.'"ii ~,
s'a'o deCou"' az! pow - Wv ,o'' ,''.'J I'.
"Pp'oP.t 'a''u' 1919 '0o ,ho onn,I r,r:,
upo", ,o .' ;,ip,,,aJ;a,aI,, snsnodoJ with in.
1 .Io,, bJ Iis,,oss hn, FIR the determine.
u"'e 49, hsa,,roo,rrs ,o n,rch,ee bonds q,
nor navohlc in work n, existing prices,
POI r l;,;an ,h,, tho s,o,o ha C1llv in
aaa,O;,;oJ ora;nt anv loss that mipht re-
WI, r.nu, f,r],I soIes minute rcDort
or,h;s tr,ns,c,;on was submitted to your
T.aoI,o,o,, h. 1.-Two ,ros;dont Of the hoard
e ,.,,..,,;nr tho s,b;nc, bero fn,.
..,o H., ,ho oorsoouar, oc-
VIZ. ~ H. o,nal f,rd will bo abou,
~, 90 ooo u,o.a ,h,n ,broe four,bs 81
",'o,''Oo ,.'raI :, Son,on,hor ,rL
w''on Ia' "nI ,ha ronna;nJnr will no an
,;oI =. ~, Eah.n,rv os,;m,,os
p', ,l,, w ,J ,S;s .ay;rr relier was NOT ac
n sali;ao ' iii lo,o n Anqust. = gene
sai osrsdancc in the favorable issue Of the
L. ,na;n,o;rod tho credit Of the conlrac
p io"s AMI nac;God the laborers TO such a,
ox,art ,ba, the work progressed will
.aor,,. ,ho como v;ror that il would hay,
l,e'''y VIZ 9@io Lao, can. on1 ,I,o,