, 1859-01-28
Illinois Central Raflroad-Arricult
>tattxt1cB.-Nhe School Lnsy-.-A New
Land and Loan Company.
[Cotyesoon 1encc Of the Press and Tribune:

| [Cotyespou 1encc Of the Press and Tribune
| SPRINGFIELD. Jan 3. ls59
| In tie Senate, this morning, M7. Bryan, o
Marion, introduced bill for q deelaratory nc
for the settlenest OF the differences between
the Illinois Central Ra1lroad Company and tht
State It is known TO the renders Of the pRrs'
IND TR1ECSE that the Auditors construction O
the law By which tbs Company was incorpor
ased disagrees with the reading Of the same By
the officers Of the Company. The latter claim
that .Ere FER e<nt., with sufficient taxation tt
make the amount equal to eertn 7tr cent., o.
their gross earnings, is what they are annually
to pay. The Auditor holds, and according tt
the words Of the act. justly, that the Company
must pay seven per cent, besides taxation. And
here the difference at once arises. Mr. Bryan.
bill, by declaring that the total amount paid
saall be strfh per cent, no more and no less, oi
the gross earnings, Is drawn up to put m end
to the dispute and relieve both the Auditor AID
tho Company from the embarrassing situation
in which each is plsccd. Suit has been com.
menced By Col. Dubois, in the Supreme Court
for the recoyery from the Company Of the
amount in dispute he has discharged his whole
duty In the premises; md now he but awaits
the action Of the Legisla.s:I, before proceeding
az vigorously as may be to enforce his claim.
What that action may be 10 ono can guess.
There is strong party. many Of whom are cog
nizant Of the intentions Of the framcrs Of the
lAw, rho will support the Company, while op-
posed to them are many more men who are
anxious to make the Company pay os much Of
the expenses Of the Government az possible,
and who look with rea! or pretended alarm upon
the power Of which it is already possessed. The
contest between them will be animated but l
will not pretend to say how the case will be de.
cided.
Ar. Baker, the really useful ..aad influential
member from Cook. he's prepared mad will
shortly introduce bill making it the duty of
assessors throughout the State. when fixing
valuations Of property, to gnther certain a1atis.
ties in relation to the area sown to wheat and
planted in corn. His act il carefully drawn. and
il 1t il passed and goes into operation will ms~
terlaly contribute to give certainty and stability
to the trade in the staples mentioned. There is
little doub: that he will succeed in getting the
scquieseence Of the Legislature in the impor-
%AAs I0Sai0 "ats4 AG p1opoeIA.
The debate on the School Law, Of which
wrote you yesterday. took wide range, and
became at length the ables. discussion Of the
session, Messrs. Barrett Mack, Engle. Bane,
Craddock, Davis Of Montgomery, Green, Brew
er, SEett, Harmon, DIETRICH and Hacker, pa,tic.
ipating therein, The effort Of Swett, Of Nc
Lean. was worthy Of any orator in the country,
both in the hsppiness Of i: conception and
grace of delivery. Indeed, ~. oratosical dis
play was generally uuexceptlo .ble, and wi.hal
highly eredi.ablo to the tale.s of the House.
It's effect vas well marked Ut the meeting Of tho
Committee On Edusation in the evening, when
the opinion seemed pretty generally concurred
in that alterations OF the School law, not i'm
perstiEely demanded for tbs easy working Of
the system, would be recommended.
l. charter for Land and Loan Company, in
which certain well-known and influential cspi-
talists in New York propose to tako large
amounts ofAstoct, has been prepared and is in
the hands Of N outsider for presentation. lun.