, 1861-05-21

1he railway and transportstia conpanie
p establishing the regulAtions now nrrsents !
% lae pnhl1c, have been governed entire1v :
w ussens necessities Of their business. Il
rsnr1 ~ 1nTa1 T Poaerto creAteor regulststhe Gu
ity iiEuGy; me same laws that dei1e their priv
!eges have delegated to other parties that No,
1mportan a0d delicate Of a1l public fnnctio0' ,
Lucy nave the right however, and it IA f
lhem an imperative duty to protect fher
telses against such unnecessary loases a. VI
pIaSent ,a1 M NE performance Of thair engagement
Hith the public, or subject them to i,oss;h1
forfeiture Of their charters. They saw III
pain, heightened by continued pecunfarv 1aet
ca, that those to whom the CORRECTION AZ n
Irregularities Of the currency pronerlV h.
forged, either from conflict Of Opinion n n
snooldlna!ion Of public to personal Interests
/ remove the evils; and they then. at the lar =
I moment, adopted the only method Nv whio1 liz
meg could discharge their debts and protec
- themselves against the greatest Trous
Ihey agreed to receive from and d
~ ~ erel5 man, 50 far as it conli
f 9sue sy II hsg gSns msasv tsa tfsae =
between them, and they intend to adhere it; VII;
] EfnGess to this arrangement 20 loDy A.; IN,
| present evils exist, Irrespective Of aovtsmnn
1h{ ioEses they may suffer-
-, IoWcFer, any plan which secures the en-,
H. n siGW a:W sha,l be unanimously adopted BY a,
| lei
1tcm their Own sad experience At efforts Of thi
t k1nd, they think neither probable nor posi-
olee1t Is unnecessary to SAT that theT wi!
! t1ation.
The Convention was composed Of tho fol.
mics, to-wit:
. st; Logis, Alton & Chicago R. r, Illinois
Central r, R., Pittsburg, Fort Wayne 4. Gin
elniati K. 4, Michigan Southern &. R., RaGine
Mississippi r: r., Kcnosha, Rockford {
Rock Island 4. r, Western Transportation
Peoples Lire Propellers.
ara the resolutions having been unani
mous1y adopted by the representatives cf the
companies, they are DOW published for the
information Of the public, as the basis upon
F41ch their business is transacted,
State Of Illinois shall be received By the Ratlrosds
aud transportation Companies represented IN
this meeting, npoa the conditions md rates
tee1ted In 1he following resolutions:
,. LIST No. !. PAR.
BK Of America, Chicago, Exchange Bank.
tcsao ef n9,thsrn R.aS Illinois ZANE County Bank,
LIST No. 2 NINETY CENTS,
ta,asn aia,1;asel ban1; r.. Mclean County Bank,
B'k Of America. Mtcarm'lNerch.ats, s Bank' BBank'
Herk o. Hloomlngtou, Pitssdell bank,
n andaenEs CO. Bsnk Re9gs RReags1s R&4u
+; +: :s, / Tinkbam II b & Co.'S Bkalahaiwe Bank,
a'shlano bAnk4 International Bank,
p.n LlsT No. 3. EIGHTY CENTS.
Ra1t. Rsnk oi 9looSlyn, ~: State Security Bsak,
Bank OF Illinois, Lake Micliran Ra,,IE
Bank Ct saekson County, Ohio River Bank.
bank q Sparta, ramet Bank,
Bcnd G&1Gty Bank, Patriotic Bank,
Sn.cmbmn Bank, State Stock Bank,
Gity Bank Of Ottawa, rs. Stock Bank
,,! nnlton Eank, Wheat Growers Bank,
p.a,, >, LIST LIST No. 4, SEVENTY CENTS.
benk Q! Galena, Franklin Bank
n:s1is 5anx q deneeeo, Kankakee Bank,
LUIS GeSo hank. Marshall Co. Bank, :
ELI Een5aAd n, nahK, Toulon Bank, =
Eagle BANK, Olympic Bank.
LIST No. s. SIXTY CENTS.
1ag1asuafnEal II Bank, Commercial Bank,
nItEana bdn9. kRekaska Bank,
Ra.1 Raoh " A1edo, Western Bank OF Illinois,
Bank Of Elgin, 0's''>'
LIST No. 6. FIFTY CENTS.
f. 6ank [i q Of benton, Jersey County Daak,
oauk o. Ashtaad Lancaster B3nk,
= nank q hape1Fille, Lafayette Bank,
GouTFlass fetT s.a bahK, Sa-raEanset Bank,
11s!oe1 sta5e Bank, Plow1nan'a Bank,
Humboldt Bank, Rock Island Rsnt
Rteorfd, That the Railroads and Transportation
AsGLts TO receive the notea Of tic Banks Of Inois
ct the valuation fixed In lists Nos. T. and =. ann
ehan biEd themsolFes By their legal representa-
tie 9Th resolution to abide by such valuations IN
Iesk notified BY the committee that the Rsnks in.
Guided In said Hats have refused to give SUFFICIENT
t1aI1s cl security for the redemption Of their
:, Eexolred, That the Railway and Transportation
Companies represented IN this meeting may direct
et agenta 70 either refuse receive the notes Of
The banks Of Illinois enumerated in lists No az
ano e see M xalnatio9s sTed thereto BY he
a q rffr hot hef
txed in uatn No 4, and q. '~1@'
Re:o!fe9, That a committee ef ten bo and
aGy eRa1a.tsa s so a1s aG sna q q9 sb
bankers q the state OF Illinois Of The e. pro- 1ts
essdi1ga Of thls meeting, and that said COMMITTEES
nAy deem exnedtent to 1nduco the Banks OF the
state ot lutnsis to give additional security and ]
51asa9ty fos he rsdsmption Of Their aotes and 70
aonal guaranty and security for the redemption
It their notes, upon which the rail way and tFaas-
ri companies represented in this meeting
nd for E.id purpoEe shall have poWer
= nd xzlHsttoa Of Bank notes not secured by
lon - enumerated IN Its nos /, W and s sn aad
Modify from time to time the valuation Of list Nos
; and 8 and until notice Of such modification [
ither the Treasurer nor Agents OF any Railway |
arties to the conditions Of the foregoing resoln.
ess h.aa sofee '
Rkso|eed, That whenever any Bank Of the Stata
nltnsis. now diectedlted. ehal1 furnish good aud
nhcent eecurity to the satisfaction Of the Execu-
ire and Corresponding Committee, for the re-
enptton Of thelT notes. In tha city Of Chicago. in
ar currency or in Eastern Exchange, not exceed
ng two per cent. premium, said notes ehaIl be re-
etvsd by the Railway and Transportation Compa-
les represented IN this meeting
At regular meetiBg Of the Committee at |
he Office Of the Illinois Central Railroad, the |
9th of May, the following resolution Eas
unanimously adopted:
Resoired, That the statements p zp1red and SUBJ
dtted TO the COMMITTEES sf the causes that have
ampelIed the Tar1ora Railways and T1aneporta-
on Companies to take aAt1on upsn the subject Of |
le currency Of Illinois. be published in al Of the
ubic Journals OF Chicago. with The resolutions Of
1e ConTcn1on Of Ofhcers Of the h.ilxay and
Companies Of the 18th inst.
By order Of Committee.
JAnks T. TUCKER, Sce'y,