The New York herald., 1845-11-30
OTTAWA, Qll,) Nov. goth, ls4.
The Illinois State Debt-Efsrts TO Redeem the Character
of the State &c. &c

presume you seldom receive any information OF the
state Of affairs of the Suckers of the Prairie Sate and
probably think deeply sunken in the mirs oi
insolvency that altogether beneath the notice Of
the illuminator of the ags-the illimabs Herald In
order to show you that still struggling to sxtr
cate ourselves from the unpleasant hx" as one OF our
sage Legislators expressed it, into which hava unfor
tunatey become involved 1t will only be necessary to
aided and assisted by our dear riends and
fellow sufferers affection, the bond-holders OF illinois,
to accomplish this consummson 80 aevou,ly desired oy
painful travail plan brought forth, by the united
wisdom of state in general council assembled and
the agents of creditors by which the prosratcd and
sinking credit of illstarred commonwealth, was to
be galvanized into life. .
The plan adopted was briefly this: The bondholders
agreed to advance 81 OO0 for the purpose Of
peting the Michigan and Illinois Canal" on the fol-
lowing conditions rha the State should assign them
all her public lands together with the and
OF the canal after its completion, until they realized
equal to their debt and in the mean time pay them
a small rate of interest on the amount Alter the bond
holders had obtained in this pay mont the canal to
revert back and become the property Of the State To
ecute this contract agreed that three trustees be-
sppontedtwo the part OF the bondhold and
he of the State who should have the entire
agement and control OF the whole matter meeting of
the bondholdes and tne representatives was held
New York, in May last, and Mr. Leaveu President OF
the Am. TX. Bank and Capt swift, OF the u = Army.
chosen the part the creditors of the State and
about the same time, Gov. Ford appointed Gen. Jacob
Fry, on behalf of the State, Into the hands of these
guardians the child Of our hopes was committed, to be
reared to manhood And il is for the purpose OF inform
ing readers many whom undoubtedly feel in
terest in this subject quite deep the people of ILL
nois how these agents have thus far executed their
trusts, that address IL 10 with il-feeling to-
wards any Of the individuals of whose acts feel my
duty citizen of Illinois, and friend to the great
work in which all have deep an interest to speak
But being satisfied that speedy and radical reform
the part Of those who control its management is indis
pensible the contamination Of the object In view
never be realized feel called upon to sound the alarm
The muterngs ofdissatistacton and dstrust not loud
but Deep which has already manifested it ef among
the people at the course pursued by the trustees has
raising the interest would not be submitted to by
citizens These symptoms Of rebellion together with Sc
veraL articles published in \, New Wy YorE paper
out the trustees through Cen Fry in an Address to
the people Of Illinois in which they labor to show that
dial kindly administered, the dear people still
cling to their former opinion that there is somathing
after being appointed to oce made hasty visit to Hi
nois and being joined by Gen. Fry, they organized
ssry Of per vss
of the funds Of the canal and took their deparurethe
former supposed to attend to the business Of the
bank which he presides and the other to the duties
of his profession-snce which time nothing has been
heard of either the line of the canal Possibly
Texas, to fight the horrible Mexican shadows that
fit that Paradise !" and for aught know to the
selling shares and stock IN the Iaks Superior Copper
Mines Wherever they may be- whatever they may be
IN ~ @ not m & s
the canal drags its slow length along, and like
consumptve patient seems to be gradually sinking to
premature grave The whole line put under
tract the 18th of August last the contracts binding the
trustees to take estimate in three months and to
pay the amount less IL per cent cHrrent New York
funds An estimate made about the 18th of October
and the contractors promised their money by the
st of November In consequence of great expense in
procuring tools and implements-lumber for shantees
stables &c., together with bringing laborers to the
ne-most if not all, Of the contractors. who are men
Of limited means, had exhausted all the funds they pos
sessed long before the day Of promised payment.
To any one at all acquainted with public work the
tor labors When destitute of the snews oil war;"
readily be conceived Looking forward therefore, TO
ty the Merites looked for the end OF the world,
they struggled along. II finally came but alas no
" no money would be paid until the 18th fell like a
pail the high raised expectations OF the poor canalers
verb and the disappointed and dsheartened contractors
realized its truth They sought special act Of mer
tors, which, there was no remedy, was granted !;
while the clamors Of their raveaous workmen tor cur
rent funds" already too long withheld, could be ap
the grain Of life they hungered after was afforded
by shin plaster factory, located somewhere in Wis
konsan Territory, known the Wisconsin Ma
rine and Fire insurance Company" q great
avor the distressed contractors the engineers clerks
&C.. employed in the canal office, voluntarily offered to
furnish them out of their private fuads
OF this trash equal to the amount due them. And,
take what you can get or get nothing some accepted
to submit to imposition declined and stopped work In
this way things went until the second appointed time
reacherous the former it given current funds
to the waiting multitude OF expectants that have
been anxiously looking for them. Wisconsin rags
still rendered to the desperate croakes for current
funds and the private OF the above named
gineers clerks, &c, are by no means exhausted How
1t possible for persons employ ed salaries OF from
$3.50 $500 year out OF two three months
service sum equal to the whole estimates due the
tractors line Of canal 100 miles il length amount,
ing to several thousand dollars il 10 many wholly
countable strange and But any initial
ed in the steries of Wall sreet, has difficulty in
solving the question.
1t is simply =" business transaction" that would at.
tract scarcely any notice in Wall street. but among the
ignorant suckers it exces wonder But seriously, is
not principle Of justice, honor and right violated
by such bsrefaced imposition and outrage on innocent
and trusting meni The veil behind which the trustees
seek to hide from the public their niqutous act is too
transparent to deceIve while serves to illustrate their
called be bought Like rotten eggs at the buyers
offer, while New York funds command a premium o,
two per cent In order to turn honest penny into
their own pockets they withhold from the contractors
their just dues and seek to drive them with the lash OF
necessity, to receive worthless rags instead Surely
who will to such base means to put money
in their purse, unfit to have the manag ement OF
work of such Importance the Michigan and illinois
Canal" Let the bondhoders attend 10 this matter at
once they destined to sustain loss where they
iondly hoped to realize gain special meeting OF the
will be brought before them for investigation have,
MIR. Editor, told but plain unvarnished tale, exenu
aed nothing, set down aught in malice More anon
FATAL OcouRRRScE. few days since, young
man by the name Of Joseph Green, aged about ID,
his death in the town Of Craw ford this
~ in the following manner After dinner on that da.
he took his gun from the kitchen of his fathers house.
and to the woodhouse, where he kept his ammu-
non for the purpose Of loading his piece. He was
alone, and had been gone long enough to charge the
gun, whom the family in the house started by
report, and hired man the farm, little distance
of, heard a scream and cry-"l am killed when he
turned around and saw young Green fall heavily to tho
ground Before any could reach him, he was dead.
is supposed that standing under the edge OF the wood
house alter he had charged tho gum he threw the butt
end OF the gun over shoulder the barrel in his hand
did and the percussion cap was exploded by
striking against the siding just his head. The
whole charge red his breast-Mddiefo,cn Courier
RIGHT OF WAY.-The Harrisburg Telegraph Of
Wednesday says The following extract Of letter
from OF the leading members OF the legislature from
the Western part OF psnnsy lvana, will give idea
OF the public mind in the West, the ques
ton OF allowing the Baltimore and Ohio Railroad