The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1853-01-08
$lG5.il77 ~
Aggregate debt,

.H .
aggregate ~'''' '''.'-''''' -
ID W'o"r tie above estimate " iAs amount
's-r', " from i"'IseS ite e'"a. during ,ue r''i
lr"t' ! have oeen con PEELED '' rely MANLY upon
report, ana. consequently tbs estimate may
'"t ''LrN Aa' To" .Ae tue amount a. o. nsy
"IFe" 10 The report at the trustees vi Tue I.i.
".i' r"I "'As'H canal JAHswS H"m me sales
'' 'hs 'A"" t'n4'' a"d The eAtt's 81 the p"T.
'"ase .NvA over U'F ORIGINALITY alp'"'''
'"yT Shi '"hI'f ln.o c'n'iert''n, also, TIE
.AHN Na.ua1., LANDS ami town ,''s remaining Gn'
s''i, feel ;hr greatest confidence that these.
WILD Gle income ir.m lae canal, viii uinWa."'J
20 'ei! iT towards ihs Liquidation VI Ihs cana.
debt
IN nv last srCt.l, r,essar. 10 the le -i-'a.u-e
! took occasion to refer ,l tie homestead eArmp-
zion Law o.. REQ .lr.u. u lsu4m,nI. also 90, ,.au
Cd N..,l. IE,i.n-ua aua Futrfal. yt London. and
tl. rutr,,ivuu,ucr iu relation Go %. ln the hurry
usually attendant up8n A .psc..I session Of the
general Assem- DIV. tA,,e subject. were tao; i.I.y
acted ou. nuI NAV. therefore. b, brought Teton,
you q, iUe present SESSION /, .. needles, frMe
agau To refer TO them at length. !or lind nothing
tpa!I what NAV lie found 90 tie mes. .e re-.
iyreI.u. also prr.eu,cd she s4li,c, uI tu.
state i1u.- with Recommendation that pro.
,,iol oe made to place Iuen ~ market a. .u
v.rlv dAy.
T,r.ry HON. IN, ,lss, srI;s.,. NAV ,s.,.,,,
rr. Num-. .. tn. a. . -, " ,r.
lands t...,....,..,. III, ,l..-,.,.. .,.r.,.,,,.,,.r
',,.. ,,5 W, If ,t. h.,
i.t,,,,,. ,,p,,.,,,, ;, r,io.n "a r1o w.. ~
g.,..r., -, IL. ,,. -,.,. -, I.,,,.-,I.
.9..s,t,, x-s,,rt .'.,...I.-.ir.
,,.r..r.,., 49,. L., -, ,r nv,
...,..,I Int -. -, .'a
.,r,,,,.o Ab.t,,,, ,b, ls.,..l.,,,., mir,
,is.. l,,.i, r...,, ,,.-y., ,l,o =,
and l.,,,,,.,st by ti, Ls.t,,,,,...t., ,b.,,,,.
lut tie policy of ut.bb,llog, M,u i,n4,f from
ale d. T., me. ,e-g doubtful R..rL.s i, ma, lao
rs.r4rI,.. ,s r-i.,t 10 withhold FINN a.. prl
c4r.,i ru,,y from cultivation Iar,s tract. # l,s
in ,l., several r,,,o.i,. ,rlsr, tie state I,pI.
clns,.tgr, omit, 8, I,r,. n,r,i,n Spbseou.r, re-.
r.,ti,1 L,. .sf,.f.J ,,. tb,, ~. ,,,,,,., ~ .i.
pasu, ofrhor, recommended IN INV l,.t ,,s..,,s
r,tls l..,i.lst,rr il tho tr,. on. ,,ts.I.r w.
consider ,l. .l.,rs.iri the .to,.or ;,.tr, d, tho
caUvt,, 10 which they Ee Their. ara ,LyInus
reason. vlv tb. rrstep, il A. ftyor,lI. g, l,,,t,.
ftr r,'afr- thr.r I,'lz Of, ,,,,Ls, "a mas, ~ 40,
pec.ai hereafter. Sloul these land, te appraised
al ,hr.r rH-h yalus, and also at their yiiGe lu
state iuIrh'oino.. tvo advantages would accrue
10 ,he state from an early sale li.solI mr. state
h'Il- 90 .u-.r market value, the state would save
ffuu ui.r,u to twenty per cent on the purchased
u.uTey. ,l.t opportunity will pa.- n few wears.
owing 90 tire tie "a value # orr state securities
Adding 90 thl. tie Consideration that bN rrd,,u.U.
tie Luud- large amount Of both principal and iu.
'rre., will be saved 10 the state lfthe sale. ar,
required ,p b. made for cash. the purchase money
may ai.o br employed py converting IL into state
bonds. which viii substantially real ~ TIE sane
thirs - II -uIi .Ir state indebtedness The state
bass large debt outstanding against her, which
vllrpqure tie discreet management Of all her
resource. fnr -ere. Of wears, and tn. most ~.
dent aud economical admin -,rltian II It's allure
II istrup. our sat. 3. making rapiI advance. IN
prosperity and wealth.. 1t j. likewise true that the
.tate debt in the aggregate u generally diminish.
ing. Yet this favorable turn IN our fiscal aft an.
ha. been produced by A most fortunate concur
renee ofcircumsmncrs. hardly fore.,en or antlci
paiei Tn. debt. however still remain, to b.
provided for, and demands the most rigid ccoro
ny m every department OF the pubic service, and
The appropriation Of all our surplus mean. IN the
mot direct anI el;ciual manner to the discharge
Of iAis debt.
By met ofthe ren,-al ass.-nbIy ,rnro-rd
1871. the land, ,raui.J Ia ,Lt. .iat. by tie
general y,y,ruulsnt IN ala in tho r,,.,ryrii,, of
the Central Rtilrpal and hancbes w,r, crI.s
ros comu,ny upon certain rooditiop wheb
ifcompl.ed with would ensure ,bcir ron.truc,,on
Among these conditions are. that tie company
,hall complete the road and branches within a
specified tiuc ard thereafter pay over to lhe
state seven per cent Of the gross products Of ih.
entire work. These lands have been selected hy
the COMPANY and plat of the several lines Of
railroad has been fled IN the Office of the secrc,t
~ u state. The entire work ui both the main
lne and branches has been placed under contract,