Edwardsville spectator. [volume] (Edwardsville, Ill.) 1819-1826, 1821-01-23

the benefit of-either, may wei! be ques-
toned. Cireumstau however, may
arise, which will influence am honest and
mands, and 10 grant relief to his debtor
voluntarily, which he might resist as an
act OF power. Such, it is respectfully
conceived, is the situation of the gov
eminent in relation to the purchasers of
public land, who, in a moment of in
tatuation, have engaged to pay for pol-
ton OF the national domain sum great
ly beyond its value, and which will never
be paid. In all cases of this kind, the
forfeiture OF the sum already advanced
will inevitably occur, if relief to some
extent Is not granted.
In conformity with the foregoing views,
the following propositions for the relief
Of the purchasers ofpublic land, and ior
tie purpose Of increasing the payments
iat5 the Treasury i'll the ensuing year,
are respectfully submiued:
lst. That every purchaser of public
land be permitted, Oh or before the
30th OF September next, to abandon
any legal Subdivision of his pur-
chase and that the payments made
upon the part abandoned be applied
to the discharge of the instanl mt
due upon the remainder; the right
TO abandon, in no case TO involve
any repayment by the government
to any purchaser. In all cases the
part retained to be in the most COM
pact form that the situation OF the
whole quantity purchased Will per
nit.
Cd. The difference between the for
mer and the present minimum price
FIR cash payments being equal TO
25 70 on The former, it is respect
fully proposed that on payment Of
the whole purchase money for an,
tract OF land, on or before the sou
day Of September next, deduction
oil IS per cent. shall be made, Jua
that any interest which may haee
accrued to the United States in sue
cases, Shall be reunited. An act of
greater ii3erali'y, end which would
still further increase the receipts
into the Treasury, during the next
yer, would be TO allow deduction
OF 81 per cent. on all such pay
ments, winch is equal to the differ
ence between 300 and 1875 cents.
.. That all sums which may b Gu
by purchasers OF public lands, who
Shall not avail themselves Ut the
preceding conditions, shall be pay
a5le in ten equal annual instruments,
without interest; provided that such
payments Shall be punctually made,
upon the several days in each SUE
cessive year, upon which the pur-
chases were respectively made j:
any failure in making such pay
ments, to revive the original terms
and conditions of the sale.
Il these, or analogous provisions
should be adopted, the payments from
the public land, during the year 1921,
vii be greatly erased the debt Gu
on that account greatly diminished ant
the revenue resulting from that source
acquire III future years more Uniform
Character
II, then, it be assumed tina: the revenue
which will accrue from the customs will
he equal 10 the mean sum, between
seventeen and twenty millions OF dollars,
the annual revenue for the four succeed
ing years may be estimated as follows,
VIZ.
Customs, S18, $4,000
Public lands, 2,5JJ, 80
H~as diyidends al Gper cent. 42J,J)o
Incidental receipts, $1,000
Making all aggregate Of S2I5J0,0Jo
Bet If the annual receipts from the
customs shall be es innate i, Tor the next
four years, at the average sum OF 1900
600 dollars, The annual revenue Tor chat
period viii be equal to 2O,0OO,0oo.
The annual expenditure, Tor the same
period, may be estimated as follows,
viz.
CiYil, diplomatic, and mscella-
neols, S2,00Q.90J
Public debt, $4,000
Var department, includ,ng for
tiications, ordnance, Indian de-
partnent, a.iilt4i? and revolutions
AIRY pensions, ar.ning the militia,
and arrears prior to lhe Isl Of
JANUARY, 1ol7, 5,850,0oO
Navaidepartmentincluding 81
000,0 900 for hepernanentincrease
ofthe navy, 3,420,9JJ
Making the aggregate amount Of 6Io,145,oJ0
The balance OF the sinking fund, alter
paying the interest OF The funded deol,
and providing for the annual reimburse
ment of the 6 per cent. deferred stock,
has not, in this estimate been considered
as a charge upon the Treasury before
the year 1925, as The price OF the public
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