Record of payment of arrears of interest, 1854-1857.

ArchivalResource

Record of payment of arrears of interest, 1854-1857.

Arrears of interest payments made to to the $1.6 million canal construction loan subscribers (1854-1857) for interest due in 1846-1847 and 1851-1856 record entries include voucher number; bond serial number and value; subscriber note holdings; interest coupon value; total interest payment to each subscriber; payment dates; and payee or legal representative signature.

ledgers 5 volumes.

Information

SNAC Resource ID: 7393357

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...