The Illinois free trader and LaSalle County commercial advertiser. [volume] (Ottawa, Ill.) 1841-1843, 1843-01-06
EKnlH sPIslYGElEl.D.

FROM sPBlTGEiE1.D.
The following synopsis covers the proceedings
of the legislature from the 2'l to the 28'h inst
inclusive aud embraces items not gwen by our
regular correspondent az"
The question as to what will be done with the
State Bank, may be considered as settled. The
bill providing for the partial exungu-hneht Of
the public debt and putting the State Bank into
liquidation, introduced in the house on the @6Ih
by Mr.. McCiernand, and of which our correspond
ent gave sketch last week. il is believed sw!ll un'
doubtcdIy pass, though no action has yet been had
upon it. The bill provides for the dissolution of
the connection between the bank and the state
on terms as advantageous to the latter as can be
reasonably expe,ted, and to which it was scarcely
hoped the bank could DO prevailed on to agree.
Yet, was stated by Mr.. McC., on introducing
the bill, that 1t was framed in view Of an under
standing between the governor and the bank, and
that the bank will agree TO lis provisions II pass
es into law Mr.. Nee. also paid a high and
we have no doub, msri,ed compliment to Cover.
nor Ford for eIecling the negotiation with the
bank, and stated that it could have been effected
by no other man in the state
The relief bill, which passed the house on the
ci,h, as mentioned by our correspondent last
week, received some important amendments before
it passed tina, body. ats provisions" says the
Alton Telegraph, "extend only to contracts made
prior to the frs, of January 1918, and are entirely
III ,k ,f
three years from and after its passage II cuts Of
oil sales under deeds of trust, or mortgages, with
power TO the mortgage TO sell, except upon the
same term and conditions that property can be
sold under an execution 1t further provides tia,
no renewal in any shape or manner Of any con-
tract Indebtedness existing prior to the 1T day
Of January 1873 made after tina, time, shall de-
priye the debtor of the benefits of the law The
bill was taken up in committee Of the whole in the
senate on the 9Th, and on the following day it
was taken out of the committee Of the whole and
referred to a select committee of five.
The house having determided, by large vote
10 receive The states disribuiive share OF the pro-
ceeds of the land sales, it appears to be question
of no small embarrassment to that body, as tc
what disposition shall be made Of it when receiv
ed. One portion Of the members, the correspon
dent Of the Peoria Press states, is in favor of a
thorizing tho governor TO appoint an agency whose
duty it shall be to usc the money in purchasing
scrip or internal improvement bonds at something
like their present deprecated prices. In this way
Is is contended, over 100000 state Indebtedness
could be bought up, and we should then be fore
yer free from paying the interest which is now an
nually accruiug on this sum. Another portion
contends warmly for the appropriation of this mo-
ney to the payment CT the interest upon the schoo
fund, now due, and the sacredness of that fund i,
urged as reason for making this disposition Of
the money. Aud some there arc, thong they arc
said to constitute but small portion of the mem.
hers, who are in favor of paying themselves of
with the money. bill embracing the first pro.
position was before the house on the 24th
and an amendment was offered to it, embracing
ths second proposition but no disposition was
made Of either the bill or the amendment.
The contest in regard to the senator from Green
and Calhoun has been terminated by Mr.. Eng.
iish's resigning and the senate's adopting reso.
luton declaring Mr.. Cayerly the legally elected
senator from Green and Calhoun.
A bill was introduced on the 9Th by Mr.. Nc.
Clernand, AZ chairman Of the finance committee,
repeating all laws providing for the reception Of
the paper Of either Of tho banks for Taxes, &C. 1t
was twico read and recommitted to the same com.
mittee. It's thoughtit will pass beyond doubt.
A communication from the members Of the Ga
lena bar wan laid before the house on the 24h,
praying tho removal Of Judge +. q. Brown, who
ihsy aIlsgs i incompetent to discharge the duties
" Judge Of the circuit court. The house on the
18th 6xsd on the 81 inst, (ruosday ast,) for the
'sssins sfths Judge and his accuscrs at the bar