Lincoln, Abraham, 1809-1865; Presidents -- United States -- Biography; United States -- History -- Civil War, 1861-1865
He entered political life in one of those eras of delusive prosperity
which so often precede great financial convulsions. The population of
the State was increasing at the enormous rate of two hundred percent
in ten years. It had extended northward along the lines of the wooded
valleys of creeks and rivers in the center to Peoria; on the west by
the banks of the Mississippi to Galena; on the east with wide
intervals of wilderness to Chicago. The edge of the timber was
everywhere pretty well occupied, though the immigrants from the forest
States of Kentucky and Tennessee had as yet avoided the prairies. The
rich soil and equable climate were now attracting an excellent class
of settlers from the older States, and the long-neglected northern
counties were receiving the attention they deserved. The war of Black
Hawk had brought the country into notice; the utter defeat of his
nation had given the guarantee of a permanent peace; the last lodges
of the Pottawatomies had disappeared from the country in 1833. The
money spent by the general Government during the war, and paid to the
volunteers at its close, added to the common prosperity. There was a
brisk trade in real estate, and there was even a beginning in Chicago
of that passion for speculation in town lots which afterwards became a
frenzy.
It was too much to expect of the Illinois Legislature that it should
understand that the best thing it could do to forward this prosperous
tendency of things was to do nothing; for this is a lesson which has
not yet been learned by any legislature in the world. For several
years they had been tinkering, at first modestly and tentatively, at a
scheme of internal improvements which should not cost too much money.
In 1835 they began to grant charters for railroads, which remained in
embryo, as the stock was never taken. Surveys for other railroads were
also proposed, to cross the State in different directions; and the
project of uniting Lake Michigan with the Illinois River by a canal
was of too evident utility to be overlooked. In fact, the route had
been surveyed, and estimates of cost made, companies incorporated, and
all preliminaries completed many years before, though nothing further
had been done, as no funds had been offered from any source. But at
the special session of 1835 a law was passed authorizing a loan of
half a million dollars for this purpose; the loan was effected by
Governor Duncan the following year, and in June, aboard of canal
commissioners having been appointed, a beginning was actually made
with pick and shovel.
[Sidenote: Ford, p. 181.]
Public-domain text, read in full here on John Shaqi.
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