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The Legislature Of. Illinois assembled at
Springfield on Monday; the I'd inst. In
the House of Representatives Col. WM.
A. RIcuAspsos, Of Schuyler was elected
Speaker, and NswroS lCLouD, Esq, oi
Morgan, Clerk. The Register congratu-
lates the members on the good feeling
which prevailed among them. = s. !,


The message Of Gov. FoRD is an able, in
teresting, andsomewhat lengthy document.
It Nrepudiates reputation, as principle, vet
recommends nothing which can possibly
have the effect Of releasing the Slate from
its practice. In relation to the, Banking
policy the Gov. holds the following sound
language, which should be pondsred over
BY the people Of I6wa, as well as BY the
citizens Of the State to which it is ad-
dressed: t...,e...,5..7y..,,.5.#., .,g.s t',


''sstWhether local banks are necessary
aadexpedient, in highly commercial coun-
tries, where they can be managed with
integrity and ability, and where strict
.punctuaiity in the ,paym yment of debts pre-
walls amongst all classes Of people, is a
question which i do not propose to dis
'cuss. But il former experience, is to, be
any guide for the future, we must be sat
isfied, that we in the State Of Illinois, are
better without them, than. with them. -. I.


We tried the system, under our. Terri
torial Government. i was 4 failure. Ia
1921, we tried State Bank, under the
management Of officers appointed BY the
legislature, It resulted in loss to the
State Of about one hundred thousand dol
iars; and for the space Of four or 1--WE years
the deprecated paper Of the bank supplied
our circulation to the exclusion Of al othsS
money, We tried the experiment agair,
in 1895, BY ,chartefipg; the late banks,
with no better success. And we ought
now to b. satisfied, that without 1 greater
and more general. punctSalify, in the pay
ment Of private debt, twill never be pos
sible to administer the. affairs of' Bank
with safety 70 the people. II the debtors
and customers Of the bank do not pay, Il Il
viii be impossible for any institution, with
the wisest management to maintain specie
payments for any great length Of time. Il
is perhaps Unnecessary 70 discuss the sub
ject further. The people Of the State,
have become % thoroughly 'sat;shed ,af "a
eysls Of the system, that Il we obey IN