The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1849-02-23
vol. IX.-NO. so.

connected with it. This would certainly
be exceedingly desirable The first pay.
men,s to be made are TO lie in discharge Of
the loan of 81 100000. The neat, the dis.
charge Of the registered bonds, held by tie
subscribers to that loan. And lastly, tho
payment Of the interest on the canal iLfebt-
edGess, held by non subscribers TO the loan.
The amount Of the registered bonds varies
not lar, probably, from S3,000,OC0. Wths
proper application Of the proceeds from tho
sales Of property and from the tolls, it is be-
lcved that IN short time the state will be
able to redeem this work, aud thereby avail
herself" OF the entire benefit Of its revenues.
! In the opinion Of your committee, il is advi-
sable that the question be well considered,
and That provision be made AZ aseaf'y day
as nossIble TO accomplish this object.
Your committee have now gone through
with the subject committed 20 their Consid.
era'lon. They have spoken plainly IN re-
gard to the expenditures on the canal, and
more so Tor the reason that, at the last ses.
SION oi The legislature, a remOnStrance, n
calnst the extravagance believed then to ex-
i't there, was signed by great majority Ut
the members Of both branches ofthe gene
raj assembly, and forwarded by the COVER
nor 10 the proper persons To which 10 mon
s'rauct, SO far as your committee are advi-
Sc" n" attention was paid. Its proper,
therefore, 10 speak in language al this time
which cannut be misoonNrued. ...
Ia conclusion, your committee would rec
omrend the adoption Of the follow ing Joint
dissolution:
I Pcsolred byihe House % Represenio.ires.
hcsCncie OrcHrring herein, That the system
adjusted for the government of the Illinois
and Michigan canal, as shown Nv the re-
ports 81 the trustees Of that work, involves
an unreasonable expenditure. and one which
cannot be sanctioned by the state. Andit
is hereby asserted, as the sense of this GEN.
eral ASSEMBLY,, that the state Of Illinois, on
the resumption Of the canal and its ~ operry,
will recognize and allow 10 expcuJitures
made under management Of said board II
trustees, but such as are reasonable and lust,
| ne state hereby reserves to herself all lie.
gal rights, and asserts that she will do oil
that is Just and submit to nothing which is
UNJUST Her right TO insist OH faithful ap-
! plication Of the trust fund, created under tho
act Of Feb. 81, 1913. aud the supplement-
thereto, is hereby distinctly asserted, and
viii be maintained.
Reso'red, That the trustee on the mart Of
the state be, and he is hereby, instructed ia
receive no more for his services as such
trustee, than at the rate Of fifteen hundred
dollars per annum. This resolution also 10
be an instruction TO the disbnrsins agents OIL
the canal aud their principals.
Resolred, That the governor OF this state
be, and he is hereby, requested to transmit
copies Of these resolutions to each of said
trustees, and to the foreign bondholiers-
subscribers to the loan under the act REFER.
ed 10 in the first resolution.
WE. LITTLE,
WESLEY SLOAN.
s. SNOWDEN HAYES,
+. Y. RICE.
u. +. Under.
VIM. KELLOGG,
RICHARD YATES,
u. e. SKINNER.
EZRA G.. SANGER,
Committee on The Judiciary.
JOHN II. SCoNCE,
&. Il. DEMO,
J. ID. FRY.
A. c. HARDING,
L. W. AUSTIN,
Members ADDED 10 he committee for thk
occasion.