Juliet signal. [volume] (Juliet [i.e. Joliet], Ill.) 1844-1???, 1861-01-15
VOL. IS NO. 81

The Illinois and Michigan Canal makes
G god exhibit q. It's Affairs during The past
two years. A steady and reasotahi- revc
Due, some useful ard permanent improve
men's, AID a gradual decrease IT it, d-bt.
which has been reduced. from canal
rereiYts, since ITS opening "a 1913. ~ shown
IN The present report, $. usj IUg IS.
Our present bauking law wa adopted in
1871. Under n, at the present line, one
hundred aud ten banks are in operation.
having circulation oi SO 500 964. secured
i'y deposit with the AuditnrOt Sl3. $50 g7l
by far the greater portion Of this money
clrculaies within our own State, and here
II 10 the almost exclusive currency. Much
cesire has been felt AID EXPRESSED that
steps lie taken 10y this Legislature - rl.ce
our currency on n mure available basis
! in So vary the system, that a higher ere n
may be given to our money abroad, and
the heavy discounts now made against N
he consequently avoided Among the
man plans posed. which will doubtless
/ tie laid nefurs You, having these ard other
| improvements IA view, IL Is almuFt ir,rns
sible 70 suggest any project Of partial
amendment which NAV not ieouarfize
existing advantages. Better piot.ably
would u be, If the securities originally and
now were restricted to the stocks # cur
own State aud those Of the United States
IA less iIable 10 fIctGE;iun ia yalCc. and
J mn-e within our immediate control -
W hatever action You may take in this
matter, let Il be with reference In the
whole people Of the State, bearing IN mind
that no financial system, however strong
can safely receive violent shock; aud
keeping III view, also, the objects for which
the present system Wa framed s. large
bad been our loss, IN early times, hv the
State being flooded with the 49, ues # distant
unknown and, IN many in-jar ces, totally
lrrerres~ibie banks. that % became tis
leading idea II uur Legislators q create 1.
circulating medium within ourselves which
would au-weT all the demand, If internal
traihc, bold representative value among
our own ciJizcus and be ultimately secured
iur its face [" the holders t. this la.t
extent II has succeeded OF the fourteen
banks that have Seen Withdrawn irm
existence, during the lat nine verFs-
some Voluntarily. others by forfeiture M. FER
tho LAWN every instance, save INC. thera
has teen a cami lete redemption. d.llaf rlr
d.i!lar, Of their entire circulation (: and. tie.
single exceptional case, hut lic t-If;ug
/ b. - Of three per cent. VAS sustained %
/ final settlement. Thee facts are worthy
| ut your attention. and should he s-.adiir
regarded while considering ihV imY ..-.f 10.
un cur exIsiIng policy which the lu-iue,,
I interests Of the STATE seem imteri.iraiy q.
Z demand The banking uaiicy. atHut.d ~
I popular vote. should be seGu .u>iv sgia lied
| ~ the General Assembly, and the INST
! iIguru measures taken, while urcseTr tng
| the svst.m which the people have ind Red
[ ~ guard that system from ahu-e, ard e.
/ check all eyasIurs, all mi~cunstrurtiuns Of
/ it, intent and spirit. u well IA lauguase-
| Ia dung these Institutions closely acc.unta
| hIe ipr the u-e 60! tn privilege winch the
! people have , 'aced Ia 10. iauds
! TIE Constitute" pr woe that the Le-is-
! .a;ure shall divide the STATE lat. Senator
/ sol aud Rep- ~eutiIIge districts every fyp
/ YEAR, hasIrg H. rPriUn.rut alternately
"n tue Stale census AID that e the Uri-eI
/ States. The UniJed States census { lS5l
l. now completed. ard - sarE ~ II j. ofic.
Iaily made public. aud the population 81
Illinois asceTtalDed, Il viii be your duty 70
divide the State into twenty FIVE Senator
| ial, aud, should our numbers exrpeI one
! million flTe hundred thousand. - they o..
duuhtediy will, into eighty five Res resenta.
tive districts. Also, uudrr t,.c saGle iuf p
marion, TO divide the State iutJ rs many
d strici= IL we STALL be allotted members (
| Congress
Tie vote on the question Of calling 4
convention T. revise the Constitution was
! probably carried ~ favor of such revision
The failure of the Constitution q provide
Tor the counting of such vote has left me
! unable to state the result WIKI precision.
Among the many subjects demanding
| YOUR attention i that Of re urgaHizir ar
Militia The present is system Of &C.
lecta. The law is imperative IA mau-
portions Of our State, AID has M perfec,
application anywere. need Mt dwell on
the high Importance, in government like
uurs-haying but small standing army,
and depending, for it, protection, upon tie
yalJr aud devotion If it, citizen soidiery-
Of fostering aud encouraging that great
safeguard of cur liberties. Other States.
long since discarding the system under
which We prolessediy act, Of universal con-
script enrolment, have adopted, with en-
inent success that Of voluntary organiza-
tons. | recommend a complete re con-
>;ruciion OF u,.r military pldu-digiding the
State irtu three divisions: battalion, resi-
mental and brigade formations, constructed
ni the volunteer companies IN the several
divisions and the most liberal legislative
eucpurng cement be gwen q the formation
of the latter throughout the State. / trust
these suggestions will induce IN Won an
early and efficient action. II is needless to
sueak OF the military spirit inherent in our
people. That has Deeu tried aud proven:
! and, should ex'geucies arise. We may De
sure Its future eEhinti,n will be the ,erfec;
reflex of its past glory. There l.. scattered
hR lat Ian 9 a.
all kinds, which should he wlsLin the
knowledge and under the control Of the
| State authorities. Some sters must bt
taken to collect these, and suitable urrarge
meuts made for their deposit and fu are
>aife keeping
Thus survey of the great interests which
claim the thou shtlul care of the Legisla-
ture would nu; he complete without spec
ial notice Of the condition aud pros .ect- 81
our beurfceut system Ct public Instruction
While at ~ former ueriad cf orr history
as a State has the cause nf c5ramt school
prugre>sed as rapidly as during the past
few years. it must ie obvious 10 all thai
never before was there such imperauvt
need IF large accession 10 tire aggIesste nt
public intelligence end vrtIr. I,
strengthen these inestimable safeguards II
State and national property: To rain cur
children and v nth to res ere the list To ion,
ul their country u understand d q Trspcet
iBe laws; :" become u-eiul, uur ght aud
loyal cltJzeas-;his Is the hrnal province
ard high prer gttIve &C .ur Can.n ~ aud
y unai sci0U =. NJ inter sis Of trade
m.ner - aui b 1aucr can lie mure nearly
rriat' q tu the urC-ett and future welfare
{ thi- Commonwealth u If rds ~.
grea, pleasure t. report the -teady advance
nient al thi> important de;.ai tinent ui IN,
public service ask fr It the earres
and liberal regard Of the Ge..eTal Assem-
biz
IL is highly important that an appr pri-
alton b. maty sufficient II pruI eriy lurDf-i
aud repa the Executive Mansion Tni'