Documents Relating to the Illinois And Michigan Canal
Documents Relating to the Illinois And Michigan Canal
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The aggregate of these sales is shown by the treasurer's report to be $286, 758 04. The Secretary's report shows that $227, 770 00 of acceptances were issued, $168, 197 57 of which have since been redeemed, and (hat $399, 910 00 of canal indebtedness was also issued, $106, 731 87 of which has also been taken up, leaving $352, 750 56 of both species of indebtedness still out- standing. It will also be seen from the treasurer's report, that the amount of bills receivable now on hand is $520, 282 ...50. This includes the unpaid balances due upon miscellaneous accounts for trespasses on canal lands, timber, &c. , the sales of 1841, '42, and all previous sales, inclusive of the sales of canal lots in Chicago and Ottowa in 1836. How much remains unpaid upon [ 115 ] 10 those lots is not shown, nor can it properly be included in the amount due the canal fund, as the relief law passed al the last session of the Legislature, as construed by the supreme court, measurably wiped that debt out of exist- ence.
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To quickly assess the difficulty of the text, read a short excerpt:
The aggregate of these sales is shown by the treasurer's report to be $286, 758 04. The Secretary's report shows that $227, 770 00 of acceptances were issued, $168, 197 57 of which have since been redeemed, and (hat $399, 910 00 of canal indebtedness was also issued, $106, 731 87 of which has also been taken up, leaving $352, 750 56 of both species of indebtedness still out- standing. It will also be seen from the treasurer's report, that the amount of bills receivable now on hand is $520, 282 ...50. This includes the unpaid balances due upon miscellaneous accounts for trespasses on canal lands, timber, &c. , the sales of 1841, '42, and all previous sales, inclusive of the sales of canal lots in Chicago and Ottowa in 1836. How much remains unpaid upon [ 115 ] 10 those lots is not shown, nor can it properly be included in the amount due the canal fund, as the relief law passed al the last session of the Legislature, as construed by the supreme court, measurably wiped that debt out of exist- ence.
What to read after Documents Relating to the Illinois And Michigan Canal?
You can find similar books in the "Read Also" column, or choose other free books by United States. Congress. Senate to read onlineMoreLess
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