Reports of Cases Determined in the Supreme Court of the State of Illinois 30 (April And November Terms, 1862, And January Term, 1863)
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Never, perhaps, in the his- tor}'- of any State, has a grander spectacle been presented, than the action of our people, when in the darkest period of our infant history, public and private embarrassment being almost universal, in their voluntary uprising to subject them- selves to a heavy tax, and shackle themselves for an indefinite period. And for what? Not for a consideration thereafter to be received by them and their children, nor for future benefits in the shape of splendid and useful pub...lic works, from which they might derive a pecuniary advantage, but solely to estab- lish the credit and honor of the State, to preserve its good name throughout all future time. This, and this only, we con- ceive, was the incentive to this provision in the organic law, and an incentive more noble could not actuate a people. By force of this popular action. State credit awoke from its death-like torpor, and a new life was infused, as by magic, into all the veins and arteries of the body politic. In all the money markets of the world our evidences of debt were eagerly sought by capital, and were universally regarded as one of the most secure and valuable investments.
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