, 1873-10-15

NO hayo ,1ndor our control upon tho marriott to
70 so'd,-tinder tho circtltnstances,. at a henyy
discount,--nnd to DO ultimately pnd by taxatiui,
at par with intorcnt; aitl when no should,
finally, bo compelled by 2 mans'nmnp from tho,
smlrofme lstf Court @ to loyy tho s,ato tax nov ro-
f"sod, or tnte n, arias agalnat tho State which,
upon ,la tho grontor power Of th6 Unitod statos
Now Mr: E:litof. inall caudor,! cht. ,yo nirorti
to mako ting ias1e With tho stato Of illinois,
o o,e @,a,Iwc e. less >tlan f9,,r Sears
Of Tho stato Treasury. md THUS turned over tho
not rorenlios Of tho lluoiB md Michigan Canal
to tho city Of Chtoago, to nsbist In paying tho
nterost upon the city debt contracted ii doopon
tho city sopago, mud which not revo1,,o could
not havo found It's way into tho City l'roas,,ty
Tor many years bud it not boon for tho oxttt,-
again. but two short years since, whom our
olty Was .prostrato Iii itg ashes, thls
turned over to us tho half million yoar paid
1sailroad Company, together Will, tho cannl fund
thon on hand. and in addition, loylod a tax OF
one mill aud half upon oyory dollar of prop
nrty as8csHed I'll tho entro Btato for two yoarB
md appropriated MI Of thcso funds, or 80 muoll
as should ee necessary to ropay Chicago tho full
amount OF her lien upon tho canal, toRotl,or
with tho interest thereon.
I am aware TINT technically, this was simply
fmein1,bnrs'ng m our people for tlio money advnnced
stato. But Mn not prepared to 70 TO war with
Q poopio who voluntarily taxed themselves
for our benoat to tho amount Of 59 900 600 to
pay debt which noyor could hnvo maturod
ngatnHt them, and which mover would llnvo boon
paid by tho canal rovon,,os without larEo nd
dltional expenditure Of money to mnko the ILL
nols lsver navlgable .during tho season OF low
water, and all for the paltry anm Of s195 900.
x,nt w. hesc s oT1eliy state ny Of
people OF number OF countiea In which there
wore no raflroatla sent delegations to Spriur-
Told to socuro some kind Of aid from tho Btato
Ihey showed thatcountlcs stuatol upon limos be-
vorablo position, boon supplied with railroad ia
clitios without cost to themselves aud that their
taxable property had quadrupled In value In O
vory ieW yoats IN consequence thereof, and that
They thon proposed to undertake building rail-
roads for themselves, it the State would grant
thom for tho period Of ton yoarp tho increase Of
taxes ,pnid BY then. into tho State Treasury
largely if not wholly due to tho burdens asa,,r-
ca ~ them i'll building tlo:r roalB, mud ttat tho
State IroRsury would receive tho full honeGt or |
theRo Increased values for all timo attor tho first
ten years.
The Legislature. unwise1y think, ncceptod |
tltB roasonlng, mud cntorcd into coinpnct with
all communities In tho State who chose to avail
themselves Of tho law passed to carry out its
provisions, and thereby stimulated tho peoplo to
vote aid to auch railroads.
Whatever you or may think Of tie character
Of such reasoning OF such 1ogBlation, it il hardly
courteous to call tho pooplo who acted undor |
thor influence, in good fifth, such names aa |
nieues and robbers. If nm correct in the y1swH
and statements heron worry imperfoctly outlined,
you call hardly say that tho facts hayo not boen |
" exaggerated by tho newspapers"
;, The fact nevertheless exists tint tho stato
Board Of Equalization laH done injustice to |
COot GO11nty nDH il in mt IN