A History of Illinois : From Its Commencement As a State in 1818 to 1847
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In our eReader you can find the full English version of the book. Read A History of Illinois : From Its Commencement As a State in 1818 to 1847 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book A History of Illinois : From Its Commencement As a State in 1818 to 1847
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The legislature at this session also passed laws for the sale of State lands and property ; for the reception of the distribu- tive share of the State in the proceeds of the sales of the pub- lic lands ; for the redemption of interest bonds hypothecated to Macalister and Stebbins ; and for a loan of $1,600,000 to com- plete the Illinois and Michigan canal. By these various laws provision was made for the reduction of the State debt to the amount of eight or nine millions of dollars. This was th...e best that could be done, and it is wonderful, under the circumstances, that so much could be accomplished.
From this moment the affairs of the State began to brighten and improve. Auditors' warrants rose to 85 and 90 per cent.
State bonds rose from 14 to 20, 30, and 40 per cent. The banks began to pay out their specie, and within three months time the currency was restored, confidence was increased in the prospects of the State, and the tide of emigration was once more directed to Illinois.
310 HISTORY OF ILLINOIS.
What to read after A History of Illinois : From Its Commencement As a State in 1818 to 1847?
You can find similar books in the "Read Also" column, or choose other free books by Thomas Ford to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The legislature at this session also passed laws for the sale of State lands and property ; for the reception of the distribu- tive share of the State in the proceeds of the sales of the pub- lic lands ; for the redemption of interest bonds hypothecated to Macalister and Stebbins ; and for a loan of $1,600,000 to com- plete the Illinois and Michigan canal. By these various laws provision was made for the reduction of the State debt to the amount of eight or nine millions of dollars. This was th...e best that could be done, and it is wonderful, under the circumstances, that so much could be accomplished.
From this moment the affairs of the State began to brighten and improve. Auditors' warrants rose to 85 and 90 per cent.
State bonds rose from 14 to 20, 30, and 40 per cent. The banks began to pay out their specie, and within three months time the currency was restored, confidence was increased in the prospects of the State, and the tide of emigration was once more directed to Illinois.
310 HISTORY OF ILLINOIS.
What to read after A History of Illinois : From Its Commencement As a State in 1818 to 1847?
You can find similar books in the "Read Also" column, or choose other free books by Thomas Ford to read onlineMoreLess
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