Amendment to “A Bill concerning the State Bank of Illinois,” [24 February 1841]
Amend the bill by striking out the 3rd section and inserting in lieu thereof the following—
"The said Bank shall not be entitled to the benefits of this act, until it shall have entered into
bond contract with the Governor, to purchase of the state six per cent bonds at par as follows viz On the first day of July next the amount of fifty thousand
dollars, on the first day of January 1842 fifty thousand dollars; on the first day
of July 1842 fifty thousand dollars, and on the first day of January 1843 fifty thousand
dollars. And the purchase money of such bonds shall be advanced, at the times named,
by said Bank, and applied exclusively to the redemption ^of Bonds^ heretofore hypothecated by the Fund Commissioner, and to the payment of interest
due on state indebtedness, other than to said Bank.1
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1John Logan introduced this amendment, which is in Abraham Lincoln’s hand, in the House of Representatives on February 24, 1841, and the House adopted it. The General Assembly eventually replaced this section, and it did not make it into the law.
Illinois House Journal. 1840. 12th G. A., 482.
Handwritten Document, 2 page(s), Lincoln Collection, HB 286, GA Session: 12-2, Illinois State Archives (Springfield, IL).