, 1877-03-17

III I;,e ~ sc1i ihn St.c taxcs Int nncxncctcdy
and contrary to promise, the debt is left on the
hold that it is the tue Interest Of the State,
we'll s its dty to strive to mitigate the burden SO
that each locality may nav on its debt and be
driven to bankruptcy and reputation or to suffer
under an intolernhle load, What aid u prscica-
blrs What ran the State do TO aid its struggling
mcmhers: Cannot the State secure i lon, time Of
nayment nj lorer rate of interest, Tue United
States in managing the national debt arr securing
Great advantages ID this respect and is it nut prop
cr that 1llinois should seek some advantage in this
1;no r. hcr deln IN rdrnctl me1ntlcre
''''~ ~ rur GATEWAY or WHICH
ia thro,yh = inwcr rate Of ;ntarest. First class
Securities on long time in the markets Of til. world
GTcrsnre hrtwcr ncr cent and ner cent on The
esi ot. of inosP = Ps' ~ a. fw, e'
~" 80 h,Sd onI Gf1oar ,n;liions a. q
oits msr rn,T4'o cont anu A4.-A ''s s3. GOO. 900
~" peih h,,narei rI" and Gftcen n,;liions at :
o.1s rar rem1tt cam. 'u '"o "''ee'1 A'1 90 600
pe' een'' '''' ~ =. .--.o' W.
.., q .,5o o0o
,ni nsu.i ,,+ =; :;t, r.ors r. AYR
~ s noo sauns nnn 4' , TX; Il i f{ccts, ~
ro;n @ tassa 1d ,,caje: w'a H. r., ;ss,
es opelesse,n ~ sn i,,s rs ~ interest
ns n,iyht b. ohtaiueI. and nav of the municipal
dchts cbaro;n~ tic sexeraf }ocalitics with the
@rnnsr emnHnt ~ thnir law and collcct Annually
ssuffcient frnm eac1 to fnliy indemnify the STATE
Ths ruuid oniy i,c dane by constitutional amend
Of the several comaunft,es shall BE- fully dis
charped Int this njan
Wv Snr RE WISE.
nj, ..o,.. g.. w. 49,. ;. !. ;ts ~ rn1 ,ro,17 ,oon;r.
nc atayaip. ~ esi1 liz eA.u. , 1n;s the
nrorrt 1ro ~ nnrt;cab,e iet s now INQUIRE If
KY n."!eG. =; ~ 80 t % - H., ,.h;.h r,nI rasH,txhunv
..cse ~ ~ t os H. W.; ~ VII" s ~ c.",a ,r;I
oe oo.lneu ~ Inv aG:stG ~ .u .h go.
& os aeeuS , h'er' ~ .!..,ah1t, sw M nn,en1
mcnt tn the t,ons,tntiSn until ts provisions were
romn,rteJ IT d. n cnnta;n thcss nr1visinn.:
j. localities and their bondLo1ers to fund their
nresent indebtedness by new. and Uniform bontts
r. icr t;ma snr nf1 yaar. ~ 5.nc- cnn1 interest
bonds snd manaoe ti,ronoh stats machinery. to
icx.S md coiiect from each 1ocality suaicient to
mat their interest oh1irutions together with 2per
eazt ,.ra tn ~. nsod ny s;ns;no find
eGnt % ct,t ~ ~ rs d;ant;n,, 90 hnr a9ancv tn nj,
orcant ,hos. whn accsnt these trms Il ;s moi
n4oi,phln that nj thc 1ncal indchtedncss Of the
% itae co,r ~ mi nn this arrsn~omrnt as #
c'n1d INV he nne nv m asreement of the locality
~ te;s credi,nrx c1canI + n,iu,,t h. donc IN
snno co.aa hv tha ioca|ifv is1nin, new honf1a and
redremipe the old with the ayails. Suppose half
these dcbts-say SO, 900, 000-which is now pay-
ing 10 per cent interest, and which is the most
oppressive and the most douhtfnt, SHOULD seck me
all, the annual interest," saved WOULD Dc SA' ooo,
ooo.
THE LOAN TO TIE 1lat h0ApmoLpmhs n, sho aoh+
a; ~ onI nranmnt naSmcnt i'f interest If tj,is
cpn h.. cfccted If viii saye the iocai-
t;as fsn,n crnsh;no hurdns or the srrat mafortnne
.Ss ~ iace1 antnria1s nnn rcnudsfGn hy oneuu,
m ensv nnt1 rraJua1 way ont Of deIt' Instead Of
n n cent Sithout nny 1esseniue Of the principal
~ npovscoIn" ON the new pan Would be pcr cent
~a111 80 :, nar r.nt ri which ,youfd m n make
~ cn,} crn,y irss and icss md In ffty wears
thota vouid he lifted mt or debt honor
aog anu rc no' ngninc in the cncrai assemb1v
saxar.1 ,i,s m ria question None Of these con-
tcmnlate n reduction OF The extor,ionatc interest
= Sos1S.TEn IN T11E uoSn.r
oMlSAthn ,nI., 49, - :; th Ill.,. inc - ,ts nron.
$3.50, ,.o sI,o.1I SIM, en,ctint, any martial law
Willy, nv ennfns, and comni;Satr n rca1 settle
men it ~ State d"ciaTc hv comprehen
p;,. e, c,Narant a,s m what iu:t and enuitabe
farms sht viii undertake to act as agent and nm
,;rn hctwocn the fonholers and the Indebted To-
p1;+;ns PIT ne'"een 'ue Dono'o'"A' 0''>' WV
ea1niss. LILY .,;+,ao -, +h,sa dc,ta the nrosnect of
.,air 1n1 cnnt;nroncc the srTcat. loss hinder nres
az, the danonr ri strife and renudiation ali de-
1nand an earnest effort to seek some remedy.
submit these facts and suggestions to the people Of
Illinois believing that the question il worthy Of
their consideration
After some further discussion, a1r. winnings
resolution was adopted.
REVENUE.
Mr.. Castle introduced tue following amend
nent to the Constitution. which will obvlate
any possible difficulty should there be new
system Of revenue adopted by the State: ;,
Eesoired BY the Senate, the House OF Repre-
scntatives concurriny herein that there shall be
submitted to the voters OF this State At the first
general election tor members O. 81. me Gens.aa 49,
p!ont's'lon " ~ ~ t;,t .ui 81 ~ stu, ~ ~
I,t;nn;s cnt;tied Rer"nnc thnt The sam. viii read
~ foliows: :.Thc Genetut Assembly NAV provide
such revipion a. nav be needful BY taxing
any or al the following named occupations and
interests. towit: Pcddlers: anctioneers- brokers,
hawkers. merchants commission merchants, shoW- r,
men Jusslers, !nn.keepets. nauot.uealers: s 1oll-
ot.ases' insurance, sns aau n1 arsns
-orstinns n~n,nv or rms;n~ franrb;sas ~
nr;yiirrrs in snch manner az ii shall from time to
time direct bv general law uniform as to the class
u,.on which il operates. which may be in lieu Of
other tax, Or iii addition thereto. And the Gen
eral Assembly may provide for the taxation Of
property os va!vatson' 70 1hat every person an ana
corporation sa IT.. lay ~ i'' ~ IN ~ as'
ag y =" ~ n .o, ~ norsnns r. ,c " eier,eG nr
nnno;nted. in such manner as the General Assem-
Hy NAV direct. -
AZ the Constitution provides there shal1 he
hnt one' article nmende,1 AZ any ont, election
an' ~ o1 there is iittie onht The resni,,tion to
ament, the Droinocf art will mass for suhu,ission
~ tj,e nronic thc onIv thino to hc lone nov. is
~ norfect th;s nlaI AMI kcc,, it hcfnre the
neonle- IN he sctci m as snon as nossib]c.
An1orRsXrsT
The Senate adiournrd nnf;] N1ondav.
ruE so1,rH ptKK couM,ss1oS APPOINTED.
1icnt. M % ..Gay. Shumon @ % tbs n1orpina annointcd
,,orgnn md snnthwortb os tI,r Scnatr members
of t6 s:lu snuth qp Park Committee
md Sneaker shaw an,ointetl Messrs. Rowe1i'
sTr,csfeIj. ard Granger as the House members
af the same Commitiee-
- vrsSr .n.,s ~ spp,xar,r1n
Mossrs Krhne Ho;ncs Voss. Wentworth.
shsrman Thon,nson, Tnn,c hiolhassa' and