Treasurer's reports to the trustees on the $1.6 million canal construction loan, 1848-1865.

ArchivalResource

Treasurer's reports to the trustees on the $1.6 million canal construction loan, 1848-1865.

Brief reports concern interest and principal payments to the $1.6 million canal construction loan (authorized by the General Assembly in 1843) subscribers. These reports are running accounts recording payments, including notations about payment errors and interest arrears. Reports frequently refer to bond numbers but do not list subscriber names.

.25 cubic ft.

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SNAC Resource ID: 7392537

Illinois State Archive

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Illinois and Michigan Canal (Ill.)

http://n2t.net/ark:/99166/w6b38m7k (corporateBody)

After the U.S. Congress granted nearly a hundred miles of public lands (between Lake Michigan and Illinois River headwaters) to the state of Illinois for canal construction (March 30, 1822), the General Assembly passed a canal bill (Feb. 14, 1923) establishing the Illinois and Michigan Canal Company. Following this company's failure, Congress donated Illinois land (March 2, 1827) "equal to one-half of five sections in width, on each side of the canal, reserving each alternate sectio...