Original payments of 5 percent of principal, 1860-1871.

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Original payments of 5 percent of principal, 1860-1871.

http://www.worldcat.org/oclc/37454122

Payment record entries for five percent of the principal owed to to the $1.6 million canal construction loan (authorized by the General Assembly in 1843) subscribers include payment voucher number; payee bond serial numbers; bond face value for which payment is due; payment amount; and payee or his legal representative signature. Record indicates payment amounts made in gold and currency (1867, 1869, and 1871).

ledgers 7 volumes.

Illinois State Archive

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SNAC Resource ID: 7393360

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...