The Illinois free trader and LaSalle County commercial advertiser. [volume] (Ottawa, Ill.) 1841-1843, 1841-10-15

We call fine attention, .l ,,,r ,,., a..
Iovinr letter, which we fnl In Nh, Nr., y,-.
Herald Of Sent 81 Tbo., of o,- r,,.r,-. f., ,,.
So,,horr r,r,io, If ,,i. S,,,, .,l., l...l H.
"o'u"'u''''o" % our ''''' "''I beyond '"e able
lily OF redemption, can, by reference 20 the state.
mcnts here given, see that no foundation exists for
sucb onnr,Lo,so,, ,rL,, rir;,,t. l.,,,,...l.-,...
H..
"b many circumstances nave '''"''"'' '"I'Dl-
or that apparently show that she is much ugo,-
vcd) is really in better condition tbana ,,,.st,
oC,boso S,,,,, ,b, r,,,., ,,,.,...l ;..,
" '. '''
improvement system Is mere Iu.Iy established
We hope, hereafter, that the enemies Of lii
nos. who would drive entrants from her rich
and Gr,;Io coil Ia. fhr;,.,,,l .,.,.,,.... ..
'' '0''',' sun - .'''' 7''.''". ''.' 'l-
SPct'''5 her financial condition. VIII no" cease
their miserable labors, and turn their attention to
something more profitable to the community and
,,,oro ,rol,,rl, >. ,r,..,.,l..
nv
we ask an attentive peru'H OF tins letter, as u
contains much valuable information In regard To
the affairs of this STATE with which o,,y, ii,,i
J,,I sL,,,,rl to c,;i;,. ,rl...;,...r.
'''''''' '''' 1t 'F'''' '"' I'''l
ana sNhPie uu'A' every Individual wt1 readily
discover.
NV your. errr % IatI
r., nm 1Jo,,.... r,...... u
''' i'o'''
,',n' US as '',.A'h' OF the 7iits oi Illinois to
Jay oe'o'e you d IA'r statement oil the liabilities
ana resources oil our state NchaVeHo cXpCrta-
uo, t''d' we can raise inc Puce oil those securities
ms ',''N,s our o"ly o'Je't is 10 show 10 the
Hoac'' thiI they are EOod'
.iH ID
''i'c oi ne' cfeHlt IN thls city. Neh1yc cH1m.u-
Gu Sio'c'y t"e aIaIIs oil the state Der recent acts
anu her present PoHcy, and can see nothing iu
t''h Whatever 10 Jusuiy ihe recent disastrous fall
J." ne' SECURITIES true, we are 10 debt eleven
,iii"'on7 OIL uoiIhTs' ana some OF that money has
"'eli thrown away, us It rcElrds an income pre-.
SEMI yet we Wul cndcayor 10 show that our re-
sources are anu VIII be abundil. TO meet al, our
Hin!Ii'!es'
rouf millions OF tins debt have been expended
uP''t lAe iHIhois ana Michigan Canals OF the safe
y ~ ~, u..s sum 'Lere can be no doubt
me General Government donated for the con- /
s'rucaon OF this canal every alternate section of
lana Tor i've miles each way Of the canal and over
one hundred miles IN length, every othgraltrmatc
section beng Government ands-.s now settled
uPJh anu become one OF the most popu,ou- parts
VI 'lc otite' Inc amount OF land yet remaining
was estimated, according 70 the sales of June,
CIV, per report OF the Canal Commissioners to
.'' senate Of last winter, mt five millions nine
hundred and eighty thousand dollars; a sum SUI
ncient 10 complete the clual or pay the amount
mat has BEEN expended uPonit Oilers have been
made the state, by company, to complete the ca.
mai Tor the lands. The offer was refused, as it
would not require near tina. sum to complete the
"oFNs ana We confidently believe that. when
completed, 1t will pay the interest upon lis entire
cost ana the lands Pay. the debt. Iii even fair
presumption, from an calculation, that the canal
WIN take care OF ITSELF as to principal and iuc-
iGst vi this there can be no doubt in the minds
OIL rational men, who will take the trouble to pass
over tho me OF the canal, and see the many hun
urea teams mat pass daily on their way to Chicl-
go loaded with produce for the eastern market,
ana again reloaded with lumber and goods for the
interior Three millions more Of this debt is the
stock issued to tie State Bank aud Bank Of Hi
nols the rate of interest was raised last winter to
nine per cent, consequently, the surplus interest
upon the State stock would amount TO sg0uDD
annually. Another million of dollars ha, been
expended upon the Northern Cross Rail Road, |