Reading the various reports issued by the Illinois Michigan canal commission in the early 1840’s, one can receive an overall impression of the state of completion.  No significant work had been performed in years.  4.7 million had been spent and yet much work had yet to be done.  Supplies purchased for construction had either been stolen or deteriorated.  Sections built had begun the process of deteriorating.  The original deep cut plan for obtaining water from the Chicago river was in the process of being abandoned because of cost. Alternate sources of water supply were being considered.
     Money was owned to contractors and bond holders.  People were paid with scrip and worthless checks.  In a word the canal was a disaster.  It needed to be completed for the income from tolls; but the money to complete was lacking.