The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1845-01-24
The Report Of the Finance Committee Of the
House.

We are indebted 10 irlehu ~ 0P'lnieldior an
early copy oil the report oil the finance committee
OF the house. accompanying The revenue bill from
the same committee Introduced on the l"'n' Inc
report, It Is understo"u' was written ny Nh Ar
Sotn. It's prepared with much SKILL and gives
a lucid exposition oil ihe present financial cohdI-
ton OF the State ana points out what VIII be &C.
morally conceded TO be inc oh'y ieas'o'e pan ny
wh'h she can ne oA''ca'eu rom ne' present eui-
nrr~sm'n'S' Inc Importance OF d" cary COM
W'u'h 81 me CANAL ana o' 'dN' 10 ''S'o'o our
cf'''' are o's'o ny cohS'u'''''o"s winch II seems
Ap's''OIe ''' legislature Gu" overcome without
making some t'o'''l'" III oenai oi these great
''J'c'7' Al '"'S 'a'c ""u'' we c''ho' insert tue
"h'Ie 81 'hS report Ia 'o-u1y SP'pet oul III ord'f
10 ofi"g II he''fo our ieau''S Al 'hs earliest mo-
meh', we c"huenSe "'o "'S' anu u' VIC '"'"A' ''a''
important part u ~ u"" B'' '"e ''s' III 'u"'
appears rom ''''' III "'' ''s'n"''S % '"'
''I''' '''' ''""' 1000 ~ 10 '9' 'N' o'''''''!
o"ouf7c"o''S nom '"c treasury nave ever! year
'A''!' ''' '''~' 'N'''N''" 'n0 ''N'n''y i''''l'S
''' ~ anu '"'' I'' .e ''Sn' yours '0 'A'eS' uS-
sr'ga''S '%'o'''' ut ordinary expenses 'or 'le
''' '"' ''''' "'''ou'' " "''' ''' VI
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on,Jo,,, :, r,,o,lr ho,o,oss
,,..,., ou.,Io, ,,a nro.,,,, o.,;,i,
c,L..,. ..I;,,;,;.io.,, -. ,ho ,oa,,,;.
-, u,oc,c1 70 tho i,orirv who, can ho dopo ~
hun,;,;a,i,. .onJ;,;o,
oo,noI roao,io,io, ,,o, ,hi,t
,Joo,I, chow. ,ho, tho fire, s,co boforo ony ,bpo
can bc done must be TO create confidence in tine
s,,,s. and this can no done only bv having some
thing upon the public debt. If this course is ia.
ken, they believe it is yet in the power Of the state
honorabIy to discharge all her debts; or, if they
are too sanguiuo in this matter, it would they
think, at least enable the state, her inability to pay
being manifest, to make an honorable compromise
with her creditors.
The committee then proceed to give the consi
lcrn'ions which have brought them to the con-
cusion that it is yet within the power of the state
to discharge her debts, if she now evics a tax to
pay interest And, first they urge that it would
in all probability secure the advance of the canal
loan, and thus The completion OF the canal; and
they show, by taking the estimates OF Gen. Fry
and OF Gov. Davis and Capt. Swift, and by taking
the results on the New foTk canal Tor cT''erion'
that the completion OF the canal would so enhance
the value OF tue canal property that 1t would be
sufficient to pay the canal 'eO'' we've The COM
m'''G' say '''' resi- III '"''' o"" "Dy
your committee would, however, sug-