Dividend payments, 1849-1856.

ArchivalResource

Dividend payments, 1849-1856.

Dividend (interest) records of payments made to $1.6 million canal construction loan (authorized by General Assembly in 1843) subscribers contain payee name; payment date and amount. Records variously include the quantity and face values of bonds held by subscribers; bond serial numbers; officials who signed bonds; and the issue dates for various bonds.

ledgers 7 volumes.

Information

SNAC Resource ID: 7393356

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...