Transactions of the Illinois State Historical Society for the Year
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1902 edition. Excerpt: ...rescue, counselling wisdom, harmony and dispatch in their action, in order to save the credit and honor of the State and the people from impending ruin. _ It was plain that the only effective way to deal with the threatening situation was to immediately stay the wasting hand of the cause of the trouble, but the Legislature was largely composed of the same members who had originally passed the public improvement measure, who had, hardly a year ago, supplemented it with a number of projected works, and who had stamped it as the exclusive policy of the State by denying all competition from private enterprise, and now to deliberately abandon it, and let what work had been done, costing millions of dollars, go to decay and rain, was a grievous step to contemplate, and they hesitated. A fierce struggle ensued, lasting several weeks. Finally a sufficient number were won over to the performance of an imperative demand and duty, and by appropriate acts they abolished the boards of fund commissioners and of public works. One fiscal agent was appointed to audit and settle the accounts of the former board, demand and receive back all State bonds not negotiated or paid for, pay duties and freight and take charge of all material purchased abroad, etc. No farther sales of State securities were, of course, to be made. Three commissioners of public works, instead of seven, were now authorized to settle for work done, and to cancel unperformed contracts. All employes not necessary to operate such parts of roads as were in process of completion, or to aid in adjusting the State's liability under contracts not performed, were discharged. Work on the canal was not arrested; and $100,000 of its fund was diverted to finish and equip the Northern Cross railroad, from...
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- 28 Jun 2012
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