The Life of Abraham Lincoln, from His Birth to His Inauguration as PresidentLamon, Ward Hill
History
The Life of Abraham Lincoln, from His Birth to His Inauguration as President
Lamon, Ward Hill
Lincoln, Abraham, 1809-1865
The capital stock of the Shawneetown Bank was increased to one million
seven hundred thousand dollars, and that of the State Bank to three
million one hundred thousand dollars. The State took the new stock, and
proposed to pay for it "with the surplus revenues of the United States,
and the residue by a sale of State bonds." The banks were likewise
made fiscal agencies, to place the loans, and generally to manage the
railroad and canal funds. The career of these banks is an extremely
interesting chapter in the history of Illinois,--little less so than the
rise and collapse of the great internal-improvement system. But, as it
has already a place in a chronicle of wider scope and greater merit than
this, it is enough to say that in due time they went the way of their
kind,--the State lost by them, and they lost by the State, in morals as
well as in money.
The means used in the Legislature to pass the "system" deserve some
notice for the instruction of posterity. "First, a large portion of
the people were interested in the success of the canal, which was
threatened, if other sections of the State were denied the improvements
demanded by them; and thus the friends of the canal were forced to
log-roll for that work by supporting others which were to be ruinous to
the country. Roads and improvements were proposed everywhere, to enlist
every section of the State. Three or four efforts were made to pass a
smaller system; and, when defeated, the bill would be amended by the
addition of other roads, until a majority was obtained for it. Those
counties which could not be thus accommodated were to share in the fund
of two hundred thousand dollars. Three roads were appointed to terminate
at Alton, before the Alton interest would agree to the system. The seat
of government was to be removed to Springfield. Sangamon County, in
which Springfield is situated, was then represented by two Senators
and seven Representatives, called the 'Long Nine,' all Whigs but one.
Amongst them were some dexterous jugglers and managers in politics,
whose whole object was to obtain the seat of government for Springfield.
This delegation, from the beginning of the session, threw itself as
a unit in support of, or in opposition to, every local measure of
interest, but never without a bargain for votes in return on the
seat-of-government question. Most of the other counties were small,
having but one Representative and many of them with but one for a
whole representative district; and this gave Sangamon County a decided
preponderance in the log-rolling system of those days. It is worthy of
examination whether any just and equal legislation can ever be sustained
where some of the counties are great and powerful, and others feeble.
But by such means 'The Long-Nine' rolled along like a snowball,
gathering accessions of strength at every turn, until they swelled up
a considerable party for Springfield, which party they managed to take
Public-domain text, read in full here on John Shaqi.
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