, 1870-05-06
ILLINOIS,.
Yesterdays Progress In the Con-
stitutiOnal Convention,
Banking and Gurrency--Homested
Exemptions,
COmmendabIe Action on tie
Warehouse Section.
Proposition to Draft an Address for
Submission to the People.
Special Dcspstch to The Chicago 1f9buue.

6pffi1! Dc6pAtCG 10 lhf lGt4Eo 1TtbHHe.
Yesterdays WORK IN TIE CONTENTION.
SPRINGFIELD MAY 1-The convention made cx
ceIlcnt progress with Its work To-day, having dis
posed Of four reports, viz: Banks and Currency;
Homestead Exemptions, Warehouses, and one o1
Inc tAfee OF 1our On miscellaneous Corporations
... hASKs AND CURRENCY.
ine reports on banks ard Currency was not es'
sent1ay changed In lis leading features Sections
and !, pfof4dfnE lot taxing the actual ra!d-up
eapisal OF oan61ng associations. and that private
oanke1s VINO receive deposits shall be taxed on the
capital actually used IN business. was stricken ont
aa the provisions tn the Revenue Htnele supply all
the necessary power for the purposes Of taxation.
Ihe iast section OF Inc article, which psoNdes
naE Inc secHfaHes LOT DANE cHcuiauon stall be
uhited otates and s.aae oonas. aHoraea IN oppof-
tun!ls iot IAe as.i1-etetnuaes senueinen !"
niaAe W. onueon'e n0t"1lsues 4of ~ w aloost
Ment "a Ae tao.e s1sM ssnao.e msnana a" "uen eaen
naa MS ese4oa " d. aoop'ea "s i"'se n'a-
3o7'1g'
ns.ua.ssna,,a oaa.ss.Hn ~ .1.es.,aa,a,s .sos.e
Aaets a. w ae aoe-
fteau - 1s4e, euu y, ~. os -. Nv
Alaoe ~ ~ " sus - ao4s "s u.Saei eieeo
w. 49,. ".asts;,- - 49, ,.D'".MG4 ~.
no sn - Tas..s, ssa,ts,.x -. s,, st..
rvmI ~ ~. go aa,n.sttn1 - 1. Fs' ~ uessa-
o., $500. .u 'o'eoA 'AnA 'A"'' al" ~ ms
0o'fs~o
a.. ~. .s.*a.t. ~, -, 1..
fo+,r,1,+a, ~ no,.,sta., as ssas ~
1Ta-aha1,s ..+,.1s 49,. go. s1 ca,"N.s ~ toe
o,a,a., -. .,ase. ~ ~rI, ~, teAas. r.
s,s,,nI $780, 1900. sAesHa 49, 49, - A.0
s-o-~ ,r.... c.--a.ra na.es -
,s-e--a -. :. 49, 80. s,41e :.
nss. Ns ~ s,naaa o. m ont nt VI .ae 4uesao
E,th e.,1a- ,,n,nr- T. o1. st,.ss', ". Asa'
80, 81. 81 ~, =, -. ao. eu1ot w
s1aas-. T...ns - a1,a. -: Wt .ntssa.u w
xhtc, ..a 1,-s sa..a, 49,, 49,
.ra,,,1a,.e tthi.,, re,s. .!un ..1oee
e. ~ .s-.,,.s -. =. S- =.
90 ha -shs,Ia. ,n.e ,,s,..! Fes - s -eos 9
aas nso eoaa.@o1 VI "nasa'n 4a'et-
nse9 4oA 4'' 'S'l'o4nosi s- ~ NC o"s' y,
,,, rn.,,.,. pseossA
~ u4o @ uue Leu ~ a1eosst LIS a3t!cte W w.
eo4ee ~ sac noA1e7teao eAeNpuou huept- uus II
"ae 'oseu oo"n. Il = appa5eut tAAt taefe u NJ
ulspoelaen W put any o'o1ce la"s ID tne eenstl-
auon. out 70 nave tnat matter ic1t enErely to tue
one1euoa VI the 1cncta1 Assembly,.
MISCELLANEOUS CORPORATIONS
All Of the report on Miscellaneous Corporations,
CONSIDERED thls afternoon, was stricken out except
tae ionitn anu nlth secuoIa Ihe fourth provides
mar II all electlons 1or DrectoTs or managers
OF incorporated companies eve1y stocEhoider
sna nave the right to vote In person. or by proxy
for the number Of shares owned hJ him for as
many persons as there are Directors or managers
to he elected. or to emulate said
Shares and give one candidate as many
votes as the number Of Directors multiplied by
the number Of his shares OF stock shnll equal, or
to distribute them On the game principle among as
many candidates as he shalt think ut, aud such
Directors and monagcrs shall not be elected tn anJ
other manner after the adoption OF this censtitt-
ton. The ffth. provides that no Law shall be
passed by the General Assembly granting the
right to construct and pnerntp anv street rattrnad