, 1861-05-27

Tie 81, 900, 600 Loan BIZ RtssM-0lher Leqss!a
fiee Doings-CA EAssoo7th's Ded&h.

Especial Correspondence Of the Chicago Tdbune.l
MADISON, VIE, May Is, 1861.
The Legislature agreed TO adjourn on Mon
day at 10 O'Clock, and has been fnIahing up
business today. The Loan Bill has finally
passed both Houses.. It was amended 60 as
to provide for new loan Of 81, 900 600, exclu-
eivo Of the $500, 600 authorized to be borrowed
ut the last session. There was an irreprc.slb1e
conflict between the two Houses as to what
should be received In payment for bonds,
which threatened at one time to defeat the
bill entirely The Senate were determined,
by a twothirds majority, that nothing should
be received but gold and silver, and signihed
that to the Assembly in a way which that
body yconsidered Elementary and discour-
teous, and an exciting debate sprung up, In
which some yey hard things were said Of the
Senate, which, however, had already receded
from several positions TO meet the views Of
the Assembly. Finally, however, a committee
Of conference was appointed, and their re.
port, by large majority In the Assembly, and
close vote in the. Senate, Was adopted as j
comp%cmise- As the bill paseed, it provides
that sixty per cent Of the loan shall be paid
for in coin, and the balance in notes of Wis
consIn Banks, fully secured, at the selling
prices Of stocks when the bills are offered. It
is thought this will be an inducement to
banks to make up deficient securities.
The Assembly passed the Senate bill pro-
viding for the pay Of volunteers who did not
enter the O. 8. service for three years. They
ordered the militia bill, killed BY the Senate,
to be printed In pamphlet form, modelled after
the Massachusetts, law,'and was not to 60 into
effect till January.
The flag On the Capitol, and many others in
town, were displayed ut half mast to day, as
token Of mourning over the cruel fate Of
Col. ELLSWORTH. The following resolution,
introduced BY the venerable Judge sPoosER,
passed both houses unanimously:
Resexred By tbs Assembly. tie senatS concu.4lng,
to Ss t
which ills Legislature feel, In common with the
friends Of freedom and Union everywhere at tho
Of the act By which the country has been deprived
of his Eetvices-an act 20 dastardIy In Its charac
ter-is h1t smother evidence that the present con
eentcst OF civilization against barbarism and Of
humanity against vandalism, and ehon1d nerve
the arm Of every Patriot for hardcr blows in de-
fenee Of freedom, Constitutional Government, and
Col. Ellsworth spent several months here In
1858 and $50, drilled the Governors Guards
and Dane Cavalry eome, had the direction Of
the military encampment which Bas feature
Of our State Fair in 1858, and WAS well known
here, and warmly 1ored by many friends Who
have rejoiced in the fa1ne he acquired, and In
his growing greatness. Many were the pleas
ant anecdotes told and mcmentoes shown to-
day Of his stay here, and the cry goes up from
here -as well us from that valiant band Of
whom he was the leader for vengeance.
In the bank statement sent you the Oneida
Bank, Berlin, should have been marked as
dnc Of the diEcredited.
A bill has Just passed both Houses proyid-
irg that the expenses Of this Extra Session
be paid ont Of the war found.
Yours, ILCB.