, 1870-02-07

,le Of this State to Do 1t the time The loan VA
:uIsIdeI @ W It NTH refereace to tne condition Of
.h1csa Is IL then existed, ard rot VIII reference
70 Enat woEld hare been proper p3aey On ne
[n.n drsi nnarf eoutiGe1a,ioS. AZ IL tae saes
oele1e, waa In ls4s. the carM debt Of sai. SEAte
e ssss Hess nov "a ss s.a q
s!1 nllio1s a1d r:netJ 1honaaId dnaa1a and N
te1eat tirce ls4e, VAS deb: aank IN the 7!i 4.
t1ires st Inc t,r= when this L.ay1,t loan vas au-
thos1zed; Il Ws' not 7neatson xneshef
e s0alq Ao,ss1s asa to tn.. deo ,s. q
c. e. -As'si e 5; ne & Is ':
hare th1 ean1 completed, sno 1hesso5 st az ne
had al peen f.lttered away By the exoendltuse Of |
tx i,;a g., Il iest. Ss casa ase VS. osc1 tsose
cta. TIE actual debt created, had neeo, ptc'.oaa I
10 lsss, i:,eea,@e, ala sene odd thousands,
a.sumed by those Truasess, i. amounted 10 orer
81 elc ,eo to be lost Unless new aeht should 20
naec. A. that tie tae loan Was tatettd ~ |
thA, 1sJ be salt IN favor at tue prudent nanAgs-
Uent Of this canal, does not ptoSe anything 10
laToz nf the prudent nsuagenenf ol AZ
stnJe. No, u; that management Of that furd
hsx had Vii the g1at1n!ea Of he tEtoauJ and
aeumen Of private enterprise, With tne proper
- -
il IT u2e, ~ the appointment os Trustee tor !
tue State By thr government. Is has peen IN tne
saIds Of ,hru. .TEostees. u has not beea under
nc Ma4aeeneLt Ct Inc Gectsal Assembly ~ any |
neaIA Whtre, had that :! ,6s5..Sa be.n iosEed
uSou the credit of tac s:a:e, supp1ae Il had besn
nar:Eed cnteE 'he direction q s2e General As-
Deu.tl;l. Ntst then he tuppo!es tae s1pen-
t.l.crc von.3 he, It sh.s Na-c. had tnas been
&c &C. e. e. opr e i Shss 'ss. 'is ss: e; sai sa
peeu managed By them eret s3nce. II
Has question q thst TINE: 10: wnesnsz
The II ss e s sss
No, w; but Il Va. tcussa.eat 10 a2FiuS tue saaie
os L done for tl.6so, ,oco. because !taoat !! tho
Win oolMLg Ike the tendency tosa1ds exsrAsh-
fanee and fxck!esspe1s that WAS proved By the
Ecutr2l Atsech!y Of lsas W.a:et. Win noshirX
lse teHs say, hsd Involved th,s sase 2 dsos ios
that canal None oves ts,tec. .c9o, 10 SAT pothin:
about the at,!Itiocal amount OF atof. AMOUNTING
to u.an5 Eo1t rsn:e1s, that VA incurred ~ ~
Icg. To!!!-g schemes 10 CORRECTION With It, until
The state vas involved In deb: 10 deep that tncst
tosds were Of nolllnA salue. and reputation
11aI tine ~ y nc Mod is ta1s H,on Msas h1aa Y Y
at wep ~ oas eGa sas sG iou Il .a ~
tf,yssarce Sad I'd tecEIessness of taose wao wefe
iLyesied with tie management Of the an4lz9 Of
the safe. ard when ;he nca wno supu!ttcd tue
~ tr!ena ron lee ~. psmeail asd nj tr.ead
from N.raeoazo {Nl. Crosal-scom!tted 70 tae
people Of the A:ate ol llltnels whether Of mol
Themselves ta1ation npou her property, pe!;;
| re,ual tax that could not be avoided until
inc eseat q The state M.s Iedeened ts te
se!vs4. Now, u. ~ h.se n:a shs pso,
sis & lie p1oceed. ed q he mi sn haif te1enne
tax since 14s II well a. the earoi1g1 ct tho canal
! By which to e1tlngr.sn the debt ne naye, and Ws
sase got nes WGs;s : " So Gaq ee se ss
the foo.le Of Ell mixed State debts We 2rc told
shat 1hlA Il TO BECOME aa1rcs at revenue to The
p;s q H tns M sia,s : aasiass 5aSsosd ceaaonaaaas.
That that water paAset maj hare some iLcG.
! eIce nfon the gase Of railroad tolls, hare 40
pIese1nan Of fuch railroad Consultations that
have already takeo place wcdd 70, ldcuI. Any
| thug !ooEl in nEy d<ztec 70 feGef1nG ~ peo.
ro.ts IS = ~ as aicsso suTrssoa III Qsacy
Ralroad, the Chicago, Alton st. La7!A And the
dceEeas orancsss of tne lllnoIs c.ns1al. ~ tn
rlsce, and ne csn prevent them: hut the dt1er'
SUITE ssse p<en gaoo!ed up an. eoaaolt
| err. ana &c cAnnet ~ Any eoeati1oaooal act pre-
vent their CONSOLIDATION, became It ha n.seaa'
Ne m1s, looe for 4 remedy IN a1oiner dtec
| t.cn; and We have to cItcE to hear upon them
uIeer the nluAton a Ills, laHs that shall sub
kes IL qsts1.ons conceFnl5g xaas a!e fals All n
|
| c1ults, but 10 The tf1al hJ 1usv. Nothing leI
saan TIA. can 4cotta fentdy sslA:i ise past
BET, s,r, al the Euard., lad ten-fod tue cuari
azt:cat Eonoeolr Fl rxlxtI7. tha. co1la oe !!
lorded BY Anything that could Rtow out Of th
aaopu4a OF tnAs rtpost ID its present form, u
o:t1ea oy .ne .9Mt!nss xn;sn haa tns honos
ia way before thta comtn:t:ce. Iaefe. 81. ~ "A
Rra1es asc spcc1cc. Their, III, The sa:e Of w
9s =! = rf 1n,sse' "a to 'd ea.e IT, o!; aat
| SGcp cahIl:loEa Atd restrictions - aha
y cure to tie Treasury OF TIE STATE .ae ss.ne Q
sa'e pyo5scson sg1:cst MONOPOLY o. the par.
is lessee, or rnororoiY on the part Of auT eou
. pttok tines OF railroads
aa1ee 10 ,at rtcr!e Of tie state fn to prepo INC
: :aa: 4, fh.I Etver se so!d o. ;eased. thasis =
cnet.,ned II ;ae Itopo.:o2T ~ ra,sa - ost5sa -
: tay: Let this rtpos. oe adopted q
I ~ Lave 10 guarartee wntevez; on the eonuz5
ssT sosorass 5aso rso as
10 tic rtorle Of thc STATE 10 sustain Il, open vi
/. tie gate. Of debt and unlimited Arprop.:atlot
f,'1 ess;e .s .as z wsSs wsss sasn e. 'Si
= = ocs: fecau.e ,1eJ nave No nehs to II iac5e N
:: sas pis oi ine shoe Erised stsles- By sas.t
~ port 1tey are authorized 10 se!l knas caoai,
even eys t.xay ~.taoa, ans fsss;'s,;on n w
Of this S:aie, b securing conpEation, 1heEe n
q nruy IN the report tnas II nay oe EtTea 70
d Genera. Government, without any fesu1ea
e e su. n.re no objection % this essn se
d q sg,So yss.; pat o1s,,menf 4 ! mefs 70 q 81
E; G@s sssa,a Itr,'s 'aa u lie sue Of Nso. :,
" cncdi,tons Of shc ltt.e, il aaould cone back 10
ne S'air OF i!l,ro OIL should Insist upon bnen
De tu:c:ion u the lease IS saoald secnre . ~
- iMnroyertn!s nc not psope, revenae Or VI,
~ hi cot the Sta1e, becAa4s shss na4 peen h2l
~ il the ohiv!cn Of The pAst. and ssc nesel ee
.en s;ats lie ts!1e Of TIE p.esen: reseane lEos,
~. caral-io teccre to the people the prices OF I
tud which CA .eFef be Oppressive.
NJ NJ ze5er oe scads e1cvsN5e. waY. Ii. WIS, !
No have We, when tbat cana! rssist oas ron AZ q:
III The control Of the p+cr'e Of the sag Q! LIZ
~ ernreps, w.1hcIi AIT Of taese lifn:tauon1 g.
ia 1s!aod Tie people Of soa:h ca7olna. Q! ASas
1ef 1hes !os 1ts caeapneas q cenve5ancs Of
for duce IN tie sase ot nnucss Sons ;
o4- c.cr. NereltEeiess, TIL Etpors @.o*s &c
In. e1aI GorsrI5ens, without Aay p!e:ecaoa so
IL SsA:a, without Apy pro eciton 70 1he peope o.
rett ss4,e either xh Isteienes = q, .ae neons oi
81 peore co.! eosi 81 ine size ws.s isea
,oas los: sne;a az. tas 7a..ev 81 essI,e =
IL. n1J c1tEa.r -, i; - ar oiner tadf.1aA r
al: Wi.h ftfe.e1ee 20 IL vAlae q rses
LAY psc2ey,vta rt.eteoe. to -: = a@o3a: - Z.
on. IN which caSe, the fourteen Meuae1s o. ~ =
sod ffoEl i1e SAFE ct 1I:Io1 Eoala hs.e ~.
nSal rrccuee tE1: II ID Roo1t 81 woa'd EaFe n
4 ta::g aassi:9a; ai: :; M ~ no I'd Es
,se tte ;resku1r ot this site. ~ Eore. y,
.eai. lore. the EA.u ea,ecs Of hi. wAA - nas y,
.nese coniended, rTo,e ,ec:loa to .tse pso2e .! !.
.n = ;sat "a totro,;en IL the fra1ns Of sas sepo
~ f+sr. ~. tatt there are oolecta hefe-nos 9
rnta natt Of tIt Serleue7 Of tae coEA:. au
WcSe considered inese tnn!se t5t ~ ,na.1 na
~ tcn , to ,se :ntere.;s It tae ssa'e. u me,
~ M suL ii, th!nss look differently from
Hr,cn snt eta1apo,ntA The dnuolaS q ~
iocal ioeks d1Ee1cst 70 Ee Nseo "a coE =
E ss..i II ses III, ots!e +siae. OF the eno.setne:
: lasi ine valne Of nJ lane. es ~ psp22esJr =
G,1t 1:1e3s. d3s;sa ,s;fsss + ,se Sc nsi;aa q
tsrst ,ntI. xnep We REV II torooxa Tue mea. =;
cn5s. strtn1 Of ia1rs within soaz q tse 49, ~
~ ot ma; Improvement iaAs y 10 % 90 1scn
stag i los e:6s5s1t:s Es n n Scus Ind It n
',o?. f119 {9 'ness sna
i pro- fea.denets tnaI a.ye Ers*1 LIP. ap II CT 81
ii 1e- os the t1eteaeea NJ /,
nsa2s !: tast sF.a sy e ~ N
reports are ii proud !. RI. An Hilns+ ~ r.,G
e5.a Of ceded II ire sneksl1u:e, tnas 80. H.
:e m. ~. o. 70 sset; 1,an NJ II ne % s,sse, n1,
'ns7rs. IA - tnose rAsrt1s caacnel& aaoa,a
eotsr. etusat ct tntr. !A9 fling "a tas' H esv
cannot upon la:l;tsrs Of dol!aH =. sa a.x>. ri,
% % sao tas noc9ss oi tho farmers q saA ~
= ;s5ss ;sass ,.Gssp. e aos H. osai y;
1aEnto esef kept - saoss Il ~ taasa Trazy1a: