The Illinois free trader. (Ottawa, Ill.) 1840-1841, 1841-01-22
S464,7sl s2


S4647sl e.
Hence it will appear that the total a.
mount Of interest incurred from the time
of the first loan in 1886, to the first Mon.
day in July, 1871, being S464, 7sl SO,
and the total amount Of receipts into the
treasury, on account of property, having
amounted, at the close of the past year,
to S5l6,567 49, there will be balance
OF Ssl,7s5 81 towards the payment of
dividends falling due on the first Monday
in Jan. 1912; which, on the superstition
that million and half of dollars be Dor.
rowed in ls4l, will require about $780,
900. 1t will follow, therefore, that cash
S7S,2l4 81 must be made during the
wear 1871, which can be done without
much difficulty if the work continue 10
progress with fair prospects of being fir
ished in reasonable time.
The policy of aiding the contractors by
advances on the retention money, and
procuring them provisions and materials,
was stated i'll the last annual report, to
have had very salutary influence on their
business and the belief was expressed
that the improvement Of the adjoining
country, and the additional capital invested
IN trade at Chicago, would enable the
Board to discontinue the furnishing of
supplies, except i'll n very few articles, of
which powder must always be one. The
operations OF the past year have proved
the correctness Of this opinion. The adj
jaccnt country has been redundant in pro-
visions, and the merchants in Chicago and
! Ottawa have been able to furnish supplies
in abundance, with the exception Of BIAS
ting powder and patent safety fuse.
Paper, number Z Of the sccreiary's re-
port, shows, that Of the large amount Of
stores purchased by the Board from time
to time for more than two years, say
about SlsO,0OO, the remnant on hand.
consisting entirely Of imperishable ar,i-
clcs, is only S2,2O7 p; and that the
state has gained, on final settlement, abou.
50 600. The advances to contractors
which were reported last year 10 be Sl2l,-
SOB Al, have been reduced to S36,056
IA; and the retention money due to con-
tractors, which then stood at S375,7S3 O5,
is now 1892 GAG.
The agents for the protection Of canal
lands have continued TO be successful in
I flhe performance of their duty, but have
! lately recovered so little, from sales of
= down timber and fines, rs TO become a
serious tax on the canal fund. So few
} attempts at ucspass have been made for
, year past that one vigiiant and active
ranger, deyoting his whole time to bust
r ness, will hereafter be amply sufficient.
One resident engineer and three assis-
] taus have been discharged during the
- year, and another assistant or perhaps two
G may be spared early in the spring. The
t salaries of those remaining were reduced
@ ut tn, end Of the first quarter in conformi-
= ty to the amenda,ory act Of Feb. /, 1910,
= and the depreciation Of scrip, in which
Y they have been paid, has caused further
Y reduction that leaves the pay of those
; who have families, insufficient for their
support, after deirayiug expenses incur.
It red in the discharge or their duty.
# The enlargement Of the natural Basin
Il at the confluence Of tho north aud south
;. Branches Of the Chicago river, authorized
y by the 9Th section of the law of 1887,
d has never been commenced, owing TO q
Al continual arrangement of the monetary
e concerns Of the canal; but justice to the
Of purchasers Of state property in the Wei
il nifty of the proposed improvement, and
II the increasing maritime commerce O
S. Chicago call for the execution of the work
nv as soon as funds can be obtained. i
We No official communication has been re
H. ccived from the authorities Of Indiana, IL
nd relation to the lateral canal, proposed ii
an connection between the works oil tina
state and those OF our own, through III
he Calamic and Sauganashee valleys; con
he seQuenuy every thing remains as last n
be ported. Blu, i. is link Of such acknou
he lodged Importance to the states immed