Iowa territorial gazette and advertiser. [volume] (Burlington, Iowa Territory [Iowa]) 1840-1846, 1843-11-18
From the Ottawa Free Trader.
ImpoFtamt Canal News.

We hasten to lay before our reader.
the following highly gratifying intelIi
gence, received BY The eastern mail thi
morning. We have no time for common
td' rea1-the letter is sufficiently intelli
gible, and is dated At Boston.
cotrsspo.de.ee Of is tisaiSSs Free Trader
MEssas EDlToRs-0ne Of the Commits.
sionerssof Illinois arrived yesterday by
the steamer Hibern ia, from Liverpool.
The other Commissioners remains to set
tie some details. They have at last mad,
nm Arrangement with the bond holde r.
which will secure the completion of tn,
canal. Tho bond holders agree to ad
vance, first half Million and then if the
state continues to show a disposition to b
honest, they agree 10 continue the ad
vances until the canal is completed. Blu
they reserve the right after the advance
OF half million, to withhold the remain
der IL the state attempts TO break faith OIL
fepudiate her debts.
Among the subscribers to the loan arc
the eminent houses of Barring, Brothers
d Co., Hope Il ca. Of Arnste rdam, N. M,
Roltschilj = Sons, and Magniac, Jardin
u Co, besides other wealthy houses
The interest and capital, therefore, which
is now enlisted will secure the completion
Of tho canal at an early day, Unless the
madness oI the state should prevent it,
After the bond-holders have advanced
half million more, there can be no doth,
but that they will advance the remainder
unless, prevented, by tie dishonesty Sfihe
state, for the half f,illioia advanced will
be dead loss WithSut the advance Of the
remainder; so We need have no fear o
failure on the part Of the bond. holders, il
the state persues the course which hones
~ and policy both dictate. Tie bond
hd,dea are hsi only willing to complet,
our canal, Git they are wiling to aid II:
lino;s ia the completion Of any other Of
her important public works, If she will
only try to help ,Rerself. "Do VIVA, il
right-pay according to you means, and
act towards US as you would require a
debtor to act towards ycu'--was the Ian.
guage Of the bond holdera to the agents
Of the state. They ask for no lrhpossi ssil
ties, but they ask Cor honest and Honor
able treatment from tho state--if she is
not willing to grant it, she is not deserv.
Ing Of aid or sympathy. But l have toe
much confidence in the honor and inteq:
rity Of the citizens Of Illinois, to believe
for single :uoment that they have any
other desire than the payment Of the pub
lie debt
The bond-holders say; "lf you only
show desire to pay according TO your
means, we care not how small the pay
msnt may be at first, we know that tho
rapid increase OF the wealth Of the STATE
will soon enable you 70 pay in FULL" IL
linois now stands fair in Europe, and ii
she ever losses the confidence and res.
pect of her creditors, it must DO her o~ n
fault.
The Commissioners have made an ar
rangenhent for emigration next spring,
which will throw food Of wealth and
population into our state. Some Of tho
weaI,hscst mon IA Europe have lent their
encouragement i. The star Of Illinois
is in the ascendant, and earnestly pray
that i, may continue 10 ascend until It
reaches tina, high Destiny that nature de.
Ths sgen, OF The bond-htlders, who
has been selected from Boston, will &C.
company the Commissioner. immediately
to Illinois, to commence operations,
Yours truly. ALMA.