, 1859-01-04
0rR SPRINGFIELD CORRESPONDENCE.

7At 1wo-nin 1ar-L1rgf Surplus Ac'"Mu'a-
tion-Eonsfitutlon HUT be filtered Ganas-
dates for Legislative Honors- Senatorial Eke-
lion.
ErRtsGF1E1D January 1t 1852.
The expectation that the holders Of the Illinois
bonds upon which payment pro ,ata Of the pro-
ceeds of The 7tco-ifM Tar, WIS 10 lie made To-
day, would fail 10 send their bonds here for the
dividend, is realised. Tie amount presented
will not exceed $4,000; while tlc proceeds Of t1e
tax loot up $780, ,0Oo-lcaving surplus in tile
Treasury Of $4,000 for which neither tue State
nor the bondhoders have arg ute. There is no
power in the Legislature to appropriate the money
for any othe. purposes than the payment of tle
principal Of the State Indebtedness. Tie Consti.
tuition which imposed the Tx, specifics the uses 10
he ,nale Of tile money; and wIth1ut gross roa-
tion Of the spirit and letter Of that instrument
this Large accumulation Of the peoples funds must
remain locked up and unemployed. 1tis problL1e
that the Governor viii he empowered to 81 Into
the market and buy At current ratcs enough o{ our
bonds to clean ont the Treasury. Illinois jnl"]t~
c1ncss now commands premium Of per cent.
TIE evidence Of the Willingness and ability of the
S;afc>o pay, and :lc certainty that she must, fol
th' next three years, or until ihr two-mill tax is
taheu I'll by Il chause oi the Constitution, BE- 4
b1yer-hc competitor Of Individuals on Change,
viii cause i s,i1l z1rtler advance.
The condition Of things described above las
''eep expected by all who have taken the trouble
to think Of our State :fEa!r*. OF cou1sc, when
our bonds con:ma,d premium in the market,
holders Who wish 10 convert would not he 1T the
cost, trouble and risk Of sending them here and
selling than At par. And this mist he repeated
as long as the tax continue, to be Imposed.
The members Of the House and Sc.latc arc
mostly here. Tic evening trims will probably
bring all the ta.dy, and on Monday the Legi-!a-
tu!c will commence its ecs>iln with uo.aI,~cucts
Tnc Democracy are bu>lfy e.lgasvd in 1arcelng out
the spos among tlc1n-e!vvs. With tls thc Re-
pub}icans do not propose to Interfere. The cantli
dates fur Speaker 1tnong the former are Julu d.
Wood, Of Washington, and Wli4m r. al7rrispn,
IF Monroe. Tie CHANCES Ire, or seem to be, il
flvr Of the LITTER. lie is quite. 4 y0uus III III,
Int has served in the Legislature befnrr, and Is
personally 4 lair aud honorable opponent. is
Speaker Holmes ustd to s:y from bis cllair, "ollr
side won't oljcet.'' Captain C,unett Of Chicago
~ - 9ol IlnLSG-MIil
what chances anl NIT allie 10 say. Tile canli-
dates for Secretary Of the Senate are three Fitch
Of tue Alton Democrat, Head Of hcDcnouglI, and
Preston Of Ric1land-the latter uue Of Mr.. Doug.
Las declritated mail agents. Tie Republicans
will probably compliment VITAL JAEEor Of St.
Clair With their votes for the Speaker:hip Of the
House. He Is deserving Of the honor,
Ii any Of onr friends hope that the buchanan
elemen' will he able to 10 anything toward the
defeat Of Mr. Douglas, they will bc disappointed.
learn THAT tlr election will IT, rouslt On Us suon
a~ possible; aud every NAH in h,tl house, libel
leu "Dcmocrat" will vote unhc>latin.ly fur ar.
npuslas' return.
Tue Message is prepared and in the hands Of tic
printers. 1t Is such & document il In glt bc cy.
lectelf from its distinguished auth or-sbort, t,out-
I'd and able