History of Illinois, to Accompany an Historical Map of the State

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9781230313979: History of Illinois, to Accompany an Historical Map of the State

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1883 edition. Excerpt: ... and a large mound raised over his grave, which still marks the resting place of him who may with propriety be called the last native defender of the soil of Illinois. These were the stirring events of Governor Reynolds' administration, the like of which cannot be repeated for want of materials. Zadoc Casey, the lieutenant governor, was elected to congress in 1832, and consequently resigned his position, whereupon L. D. Ewing was chosen to fill his place. In 1834 Governor Reynolds was elected to congress, which elevated Mr. Ewing to the governor's chair to fill the expiring term, which was only fifteen days. Joseph Duncan was elected governor in August, 1834, and inaugurated the succeeding November the 17th. Alexander Drake. NEW STATE BANK. 67 M. Jenkins was at the same time elected lieutenant governor. Under this administration a new state bank was chartered, with a capital of $1,500,000. By an act of the legislature March 4th, 1837, the capital stock of this bank was increased $2,000,000, which the state itself assumed, and also assumed stock of the Shawneetown branch of this bank to the amount of $1,000,000 more. The object of this financial scheme was to enable the state to build internal improvements for transportation by slack water navigation of the Wabash and Rock rivers, and also by means of railroads, the objects of which were to divert trade from St. Louis to Alton. The building of the Illinois and Michigan canal was also a cherished state policy. That these efforts were premature and in some directions impracticable the suspension of specie payments by the banks in May, 1837, proved. The following July, at a special session of the legislature, the state came to the rescue of the banks and legalized their suspension. Thomas...

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