The first Legislature convened at Kaskaskia in 1812. Not a lawyer or
attorney is found on the roll of names. Pierre Menard, of the French
settlements at Peoria, presided in the Council.--The Legislature of
1817-'18 incorporated the "Illinois Bank of Shawneetown," the "Bank of
Cairo" and the "Bank of Edwardsville."--They all became depositories of
United States money. The latter failed soon afterwards, by which the
Government lost $54,000. The two former failed, but were galvanized into
life during the Internal Improvement mania of 1835-'36, and by their
subsequent failure contributed to the distress of the people in 1841 and
1842. In 1818, Illinois became a State. Her constitution was not
submitted to a vote of the people. Shadrick Bond, of Kaskaskia, was the
first Governor and Pierre Menard first Lieutenant Governor. Gov. Bond,
at the first session of the State Legislature, recommended the
construction of the canal. In 1820-'21 the "State Bank" was
incorporated.--The faith of the State was pledged for its issues. It
failed and the State made up a deficiency of one hundred thousand
dollars which she borrowed of or through a gentleman named Wiggins. This
was the famous Wiggins loan and the foundation of the State debt.
The suggestion of the canal was made as early as 1814, in Niles
Register. The extract is as follows:
"By the Illinois, it is probable that Buffalo, in New York, may be
united with New Orleans by inland navigation, through lakes Erie, Huron
and Michigan, and the Illinois, and down that river to the Mississippi.
What a route! How stupendous the idea! How dwindles the importance of
the artificial canals of Europe!" Many Acts were passed for forwarding
this work--one in 1824, one in 1825, one in 1827, one in 1829, but the
law, under which the work was actually commenced, was not passed until
1835.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account