FREE BOOKS

Author's List




PREV.   NEXT  
|<   32   33   34   35   36   37   38   39   40   41   42   43   44   45   46   47   48   49   50   51   52   53   54   55   56  
57   58   59   60   61   62   63   64   65   66   67   68   69   70   71   72   73   74   75   76   77   78   79   80   81   >>   >|  
of State attorney with John J. Hardin, one of the most successful lawyers of the State. This young man was Stephen A. Douglas. He had come to Vandalia from Morgan County to conduct his campaign, and Lincoln met him first in the halls of the old court-house, where he and his friends carried on with success their contest against Hardin. The ninth Assembly gathered in a more hopeful and ambitious mood than any of its predecessors. Illinois was feeling well. The State was free from debt. The Black Hawk War had stimulated the people greatly, for it had brought a large amount of money into circulation. In fact, the greater portion of the eight to ten million dollars the war had cost had been circulated among the Illinois volunteers. Immigration, too, was increasing at a bewildering rate. In 1835 the census showed a population of 269,974. Between 1830 and 1835 two-fifths of this number had come in. In the northeast Chicago had begun to rise. "Even for Western towns" its growth had been unusually rapid, declared Peck's "Gazetteer" of 1834; the harbor building there, the proposed Michigan and Illinois canal, the rise in town lots--all promised to the State a metropolis. To meet the rising tide of prosperity, the legislators of 1834 felt that they must devise some worthy scheme, so they chartered a new State bank with a capital of one million five hundred thousand dollars, and revived a bank which had broken twelve years before, granting it a charter of three hundred thousand dollars. There was no surplus money in the State to supply the capital; there were no trained bankers to guide the concern; there was no clear notion of how it was all to be done; but a banking capital of one million eight hundred thousand dollars would be a good thing in the State, they were sure; and if the East could be made to believe in Illinois as much as her legislators believed in her, the stocks would go, and so the banks were chartered. But even more important to the State than banks was a highway. For thirteen years plans of the Illinois and Michigan canal had been constantly before the Assembly. Surveys had been ordered, estimates reported, the advantages extolled, but nothing had been done. Now, however, the Assembly, flushed by the first thrill of the coming "boom," decided to authorize a loan of a half-million on the credit of the State. Lincoln favored both these measures. He did not, however, do anything especially noteworthy for either
PREV.   NEXT  
|<   32   33   34   35   36   37   38   39   40   41   42   43   44   45   46   47   48   49   50   51   52   53   54   55   56  
57   58   59   60   61   62   63   64   65   66   67   68   69   70   71   72   73   74   75   76   77   78   79   80   81   >>   >|  



Top keywords:

Illinois

 
million
 

dollars

 
thousand
 

capital

 

Assembly

 
hundred
 

Michigan

 

legislators

 

Hardin


Lincoln

 
chartered
 

trained

 

bankers

 

rising

 

notion

 

concern

 
granting
 

revived

 

scheme


devise

 

worthy

 

broken

 

surplus

 

supply

 
charter
 
twelve
 

prosperity

 
coming
 

decided


authorize
 

thrill

 

extolled

 

flushed

 
credit
 

noteworthy

 

favored

 

measures

 
advantages
 

reported


believed

 
stocks
 

constantly

 

Surveys

 

ordered

 
estimates
 

thirteen

 
important
 

highway

 

banking