, 1879-03-05

the lobby this morning, hntl hc9tns Industrious
y to work for Btabec's Insurance hll1.
LiEUT..Gov. snuMAK
went to Jacksonville this evening to deliver
lecture before tho graduating class Of the sen'
fnaTy there.
EXECUTIVE srssros.
Tomorrow morning ihc Scnatc will hold q
secret executive session on tho nominations o1
Tho Governor for Chicago Park Cornl':atoncrs,
seven In ell A lively row fs anticipated, iltitl y
doubtful II all te nonasons afG conten
Of the Third Housc, held at thc I.cfai,tl tiotel.
latc1y. with great regularity aud sou'c mantfest
nCrVoutness
A. II. JONES,
Commissioner Of The Northern renitentlaEy, !:
ST, con 10 make ur tho deficiency INCURRED in
runulng tl,c rcmitentiary. Mr. Jones claims
that with 1,:;O0 persons he can make lhc Joliet
TT psy Its s1 rn ey afs bee @
Foltr.seycntns Ut the contracts noY 70 10 The
Chester Pententinry. which Arrangement, hu
says will result III iiolh institutions having to
call npon the Stats for large approprastons to
largo an1 unnecessary tax upon tho people.
Mr. Jones says, further, TINT there nrc today
fewer contracts in both Penitcnttnrics than
there was III tic Joliet Prison two years ago.
col. ]. ]. 8. WILSON,
Of the Western Union Telegraph Company. is
graph siuck . per cent.
nousE-FlNsr l!EsufT or BAD LK0IsLAT1oa.
Among the hills which ought not to becstnc
laws House Bill 10 should bc given eonsDlru.
Gus rIacc. It has, however, already passed tic
linusc nnd Hotle to tue Senate. It 10 un iBno-
cent little bill, and reads rs follows:
Bee. 1. BE Il enacted hr tho rcuple oE The State
Of llliHuis, represented III The General Assembly,
That Connt1nR. CttkeN. townships In this
statc, hayipg insnel Aunds tn aid of railroads., !!
stiail DO Lawful for the County Treasurer OF Col
1iun. npun the collection uf the Tux Tor the ray.
ellt OF Interest nlon such bonds fur each AMI cv-
cry war. to pay ths n!ese.t Tint may h. ns aaon
ihcf. rIai be fund left beonging 10 such county,
city. town. or township, oi sufficient nt'onnt tu
saeh County Treasurer I" o.prna saei oyvtplus
fund In tho payment ot bond or bonds belonging
y aMe,S ss fSsg within M r cty ,S ."y yAn fy u bc .ss s
mcnt with tlo Stuie Treasurer thu County Ttrns.
utcr shalt be credited with tho ant1nt Of coupons
@ saeh tax ieved @ Tor Interest y tic tad!tur Il ian
lie Accpnts against nny county. cttS. Or tnwnship
whoso touds q coupons ,ayo besn uald by sacn a
sla 30 conslrucd cs to affect ahc t,ino or place
Of payment VI any bonls Issued since Apsii !,
Treasurer, said County TreasnEus, i 1ll interest
due shall moi then haso bscn mid, shs!! pay over
to EHQ SkA{G lsEM8bEC{ Ill lHG 1uutl4 AISu III ulh
hands arising fr0m the tax uforceald.
Tic sa.ne bill, mi1us suH,e amendments, was
once passed by thu Legislature atil vetoed by
Gov. DeycrIlUe. It. also pnsscd The House two
years ago, but WIS deftascd In tllr Senate.
To appreciate the sleek feline concealed under
this lnnnccut grlst Ut Mcal, 1t will b. ncccssnry
to refer to the existing law, uni the effect this
hill would hnv1 uilon thr loNdB ISSUED should
1t BECOME q lnw. In 1869 the Legislature pro-
yidcd tl,ut, when bonJs should te legally issued
by municipalities III aid Of railroads, und the
Bal1e should bB registered, tie StutV Auditor
should ascertain thu anlnunt of Interest for the
current year; a,,tl, provided That thu requisite
Tux to nay such interest SHOULD be certified by
tile Auditor aud
coLlEcrEp WITH TnE 8TATE TAXES,
TINT tue State should bo tic custodian Of such
funds, aild that tue sanle should bc deemed
pledged und appropriated to lle payment OF
s,ch interest of euch registered hondsr' :.
In other words, thu State saa, IN effect, to all
ntcLpalty In Illinois: III you Will purchase
these nontls Issued to aid IN building railroads.
Tic State will collect tic ta1 necessary to ray
tc inacrrst. and .wili pay the same through tts
| law the Interest on sucl bonda has been col-
lpcted, nnl tic interest promptly paid III New
| York }or Springfield Mt tic Statu Ircustrv) In
| Jsnuarv nl.l July OF each year. Tnesc bonds
WIRE sold IN the markets OF tic world on the
Housc Dill il provides that the interest upon
| tlicsu bontls shall hu
| Nam ny cnttNrY rrtgAst1nrns m cnt1yry cnt.
| LgcToRs
| throup1out t1e State, iustcad of being maid ir
Spriurtleld or New York, us hns bsr,t do,it
| uiuicr tic inv, wlIeu the sa;uc were sold.
This Is bold proposition to vfulnte the Coot
faith tf lLr Htate ard turutst Its honor, Il viii
he nhsrry.,l lhnt tin mt docs IN. ann}y In hu,,l,
issued un.lcr lie law OF 1871 Thr INV OF Isl;
nrayt.ies Iur ii rcfunll1Et Of the Indebtedness uI
n,nnlciuolitics at a lover ratu Of interest II
was fcurcd tl.ut this uct would prevent such re
fundln.. If annltcubiu TO bonIs isaued un1cr Iii,
law at I877. mid hence tlat execution, SholIil
; ta,; State repeal the iaw ut,dvr Witch lies,
hnn,s l,ayu bean solfi, at,I thus rtye notfeu t,
tIin wurid thut no rr!nnee is 10 Be- rlaccu lipot
its laws, Will not those WHO desire t,
inycst IN tho new tolllls conclude 4 tin
Wien tnrso bonds hnye olsv been sold. tic ST al,
mny change lin law 40 ~ to dcnrrrlntc tiri
vaii,c. a. we'll ns those Issued Under tho law O
| 1Hlil} Illinois catluut n1Ttrd tu ruack q Inv
With lnnEa townr,l viuluttuu OF ia ruod faith
nr viii in lie sIigbiest dewfec tnrrsli ia hunur
~ rn,,1ur