The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1852-06-19
Illinois LegislatuEA.
ThurHday. June 10

Cloud, Sweat, and Talcott.
! A message from the Governor vac received ia
reply to resolution of the senate enqui,ng 70.
facts and eorres pnnlence in reference 10 the Con
trail Railroad. The GoveIucr state. that 80 la
as his department, Is concerned, and he Is off
cially adv i.rd the company has IN all respects
complied with ls charter No. having had any
correspondence with he company, lac has none &c
Communicate.
A bill was passed to amend tie charter Of the
ILLNESS and Mississippi Telegraph Company.
\ hill was introduced by Mr.. Plato 10 enable
each town in Kane county, 10 support its own
paupers.
Also Joint resolution requiring the suiitor to
I prepare a new revenue law 10 lay uelUre the next
legislature, Which was adopted.
I Several new railroad charters were passed.
one for railroad iron, Springfield u lerre llautc
the Pike county Railroad, aud Central Military
! Tract Railroad; when the senate adjourned.
! Hluse-Alr Dru,ch utTtreu resolution that
. The Secretary Of State furnish the committee IN
claims with all papers in his possession Ia refer
, gnce 70 CLAIMS against the stale. Adopted
/ Mr. SnydtS moved that Tie Communication from
the Treasurer which lay uuuispnsCd III an the
clerks table te refereed to q select committee Of
Is.
Mr.. Hiss could sec no prorriotv in making the
refereucc The house WAS certainly competent
20 dispose Of this matter without the intervcr-
/ ton OF a committee He thought there must Be
more IN The motion than appeared on the surface.
I There was some political mar pGyre about It
lie asked the movers to explain their object.
/ The facts called ior in the resolution Of inquiry
had been fully and satisfactorily Get forth IN the
communication Of the Treasurer, and he could
not see what more wac desired.
Mr. SNYDER said he was not prepared to 20 ir'
10 the matter now. II il wa- to b. disposed at!
by the house, he wanted time - prepare himself
~ To the sinister or political objects alluded to,
he knew nothing about theE HIS only object
was invest Ia,inn. II the Treasurer had trans
cended Iii, duty. it should be known; II not. he
should not shun investigation. lie irricd that
the Treasurer had answered the resolution Of in
ouiry satisfactorily. The law required the $500
600 to be deposited in the State Treasury. 1t
appeared however, it was deposited with some
Lndy in New York There WI, somebody wrong
here. This company possessed immense powers,
Il should be closely watched. Ii it has failed to
comply with the charter III this matter, We have
the vantage ground uf it. AMI caa make Use of IT.,
ii fnuEd necessary. lie wanted TO know how the
facts stood
slr Under said he hal always regarded the
Treasurer u, All honest man and faithful prolc
officer. and Nhilevrr he had done Ia tins matter.
Ice believed he had done from pure motives, and
vi h an eve IL the interest. OF the state. his
money hai been paid To the state ~ sagt of
l.ls'aur. or pledge. 90 secure the cuN,,rucion o.
the Central Railroad. he was informed hiS mon
cy was no; ~ the Treasury, but Wa, ON dep"sIle
in the rity ot New York aud nates or certificates
ot Opposite ,ssca therefore, with collateral secl'
ry Nnw whr he waHd not a>rr'Oe dl honest
motives ro the Treasurer, hv could not test con.
ceiyr he hal transcribed his duues. What could
the law mean II the Money was not 10 be ldged
with The Trsasureri 1t seemed this money was
drawing per cent. interest-that -. 1t WAS loa
nd Where was the power to loan this money I
The stat, has only the rish: to keep IT, IN the na'
iure Of a pledge Has the cus'odlor right Ia
luau The legislature Itss!t has no such right.
nor to use 1t any way, but IS specifically pointed
out IN the charter II the company In rcdhiy,
I ih> noury had never been pad over to the slate.
and the REQUIREMENTS Of the charter had not been
cumpiird with. /, has been said the payment
WAS made 20 the Treasurer IN New York. Had
We Treasurer N New York or bad our Urea.
surer power to perform eSiFatcFutt,ial duties
God forbid Tren | heartily congtarulle the
gentleman from st. Clair continued Mr. l.. that
we have the vantage ground Of tlus colossal COM
Cl-sins. 'be-'rldc tho woali.' does certainly be-
stride tn. state OF Illinois In use vulgar
phrase. it was caught with ats breeches down
And lie vas feioiccd a. it. 1t took particular de.
rht IN crushing all but few favored localities.
II was gsca, bale in our little ocean that swal-
lowed W n. The little fishes. lie bad no desire
10 attack the Treasurer, but l. did him good to
ct hold Of this company. since the passage Of
the charter, he had learned ,hat. at meeting ii
the corporations in New Yo,k, they had agreed
t. give The state IL instead OF per cent. OF the
gross proceeds Of the rosd e., they had sent
out shrewd Yankee, rs sharp as ten dollar
dirs, to bargain with tue green suckers, and a
splendid bargain he had made. Never on the
ice Of the earth had there been made better
bargain. SO advantageous did the oorporators
themselves consider il that when in England try.
IN to raise money. they refused utterly to take
II by parting with dollar Of their stock. When
this charter was pt4sel the money mrrket was
tight lie remembered, when he cane Spring
Geld that winter, he was asoonl~hed To find robu,
dy here TO make that bargain. Finally this com
pany came-aunC-nade an uheI-we had Hob
son's ehoch-aud took II. Since then money had
become more plenty, and millions every where
we're seeking railroad investment. Now If, by
any possibility. We Gould throw of this birgan
he ha no doub, We could make an infinitely bet
ter one. Mr.. l. was, however for living up IL
our agrpement---,o the very letter. lie was IN
giving the pound Of flesh but ii the company
take one drop Of blood, he was for giving It the
full penalty uf ths law lie wanted II To under
stand that the eve of the state was fixed on the
giant, and the iirst false step he made We should
take him down.
Mr. Sexton said he was glad 10 see something
Of right spiri here He had nothing TO Ray
against Gov. Moore but his understanding Of the
law was that the specie mu,t be lodged in oUi
treasury here. The object Of the proposed in
quiry was TO ascertain whether this bad beer
done. Gov Moore was good. easy honest old
man. md he feared these shnrpers had got the
advantage Of hA. They Were no less than the
t,rrqp,ns Of the European despot-, who bleC
their own people at the point of the bayonet.-
They may have overreachcd the good old man
He hoped the company would he brought up AM
compelled to give an account vt themselves, en-
# this money was not here. that measures woul'
, bc taken to get It here.
Mr.. DIETRICH asked whether the gentlemen
would undertake To say that this money was no
n the custody Of the Treasurer. True, instead o
transpor ing it 10 Springfield he may have leIt /
IN safe hands IN New York but was 1t not a
perfectly under his control a. il in hi, own draw
eri What law required the Treasurer 10 incu
; the ri.k and expense OF Transporting this s2ecl
, 10 lllnoIsl He would have been compelled Il
do it Mt his own risk. For his part, Mr.. D. haI
no fears but the money wac in safe hands
Alr. Snydcr said he had been averse to ente,
ing into this d,scussirn now. but remarks ha
been made which |, was necessary to answer