1
Resolved, That the Board of Fund Commissioners2 be requested to report to this House what means, if any, they have, of paying the interest on the internal improvement
loan, for the two succeeding years; specifying particularly the amount of means now
on hand, if any, and from sources to be derived; and whether, in their opinion, if
the revenue laws are not changed, so as to provide for raising a larger amount of
revenue than is now raised from all sources, they will not be compelled to use a part
of the principal of the internal improvement fund to pay the interest due, and to
become due, on said fund.3
1Wyatt B. Stapp introduced the resolution in the House of Representatives on January 21, 1839, and the House adopted it. On February 8, the Board of Fund
Commissioners responded, and the House referred this communication to the Committee
on Internal Improvements.
Illinois House Journal. 1838. 11th G. A., 1st sess.,
252, 362.
2Section one of the internal improvement act created a three-person board of fund commissioners to negotiate loans, buy and sell
bonds, deposit and withdraw money, and administer the various fiscal aspects of the
internal improvement program.
3Section twenty of the internal improvement act created a fund to finance the internal improvement system envisioned by the act.
Printed Transcription, 1 page(s), Journal of the House of Representatives of the Eleventh General Assembly of the State of Illinois at their First Session (Vandalia, IL: William Walters, 1838), 252