The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1844-11-22

! luriuer OlaWe.
The report was sent from Boston on
| the lst of March also the letters Of the
Boston Committee desiring the bondhol-
ders to delay all steps in the negotiation,
assuring them at The same time that Gov.
Davis held himself in readiness to come
If 'ihey would write for him. The
bondholders wrote to Gov. Davis the Is,
of April. A steamer sailed from Boston
the lSt Of May, two weeks after he had
received their letter inviting him TO come
to London; yet he did not go on the Isl
Of May. Did he make tie important in
terests of Illinois subserv!ent to his own,
until the decision Of the Baltimore Con-
vention was known2 He came TO Lon
don in June, Col. Oakley and my
sell few times, with some Of the bond
holders, made several excursions into
the country,-msde a tour Of three or
four weeks through Belgium and France,
travelled into Ireland and Scotland, and
returned home on the Alb Of August. If
Gov. Davis services were so important
as to warrant delay Of more than three
months in the negotiation, until he could
be sen! for, why did be. while abroad,
spend the most OF his time in seeing the
country, instead Of communicating with
the creditors Of the State? If Gov. Da.
Wis could be Of such great service, in 90,
ing to England, how is it that the nero.
tiation is no farther advanced now than il
was before he weWl? Whv have no new
subscribers been obtained, or why have
not the old ones been induced to make the
advance they agreed to before he was
sent for! Why is it that the negotiation
is no nearer closed now. than il was \
year ago!
In the negotiations between the agents
of the State, and the bondholders, last
year, il was decided that the only manner
in which concert Of action could be
brought about between the parties, must
be by compromise. The bondholders
insisted upon taxation, as a preliminary
step, 1.-THE agents of the State insisted up-
on the completion Of the Canal first, TO
enable the State to pay. 1t therefore be-
came evident, that, TO come to an under
standing, each party must Weld some
hing. This was effected by the bond
holders agreeing to advance $1,000 to
be expended upon the Canal 10 keep the
works IN progress, and as an earnest that
they would advance the remainder, if the
Legislature would levy u tax at It's next
session. We knew if we could expend
this money upon the Canal during the
present year, it would give such an i'm
peius to all kinds Of business, it would so
increase the prices of produce, so enhance
the value Of property, and so awaken the
energies, and revive the hopes of our cit
liens, that at the coming session of the
Legislature, they would cheeriulv sub
nit to moderate tax the bondhollers
would then advance the remainder Of the
money, to complete the Canal the Ca
nal property would be made available, to
pay part Of our debt; AN outlet to mar
Net by the completion of the Canal would
ensure certain sales, and better prices, for
all our surplus produce ;-immigralion
and capital would pour in upon us our
rich and fertile prares would be put UNI
der cuIuvaiion;-our vaStresources would
be developed our means of paying
would be greatly augmented our abil-
ty to NEE. our obligations would be no
longer doubted our credit would be
fixed upon firm, and immovablo basis !;
our character would be restored. and
Illinois, chaslened by long suffering,
grown wiser from the severe lessons of
experience, and become more prudent
from the danger which she had cncoun-