Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1837-02-20

MY ehJrct Is 10 avail myself vi the uc, as on Il
r''efnie what said, a. broadly and ~ fully a.
| ,''i'd ihem on a iofinrr occasion, here IN III,
| lace,where alone fesronsl lr,au, " hctrtl,
| ncnds OF the President will have an opporlupIn
o'orrcei my statement II erroneous orto rviui.
| ny conclusion, II hot iaifly drawn. | spok
| N'nou' he'es, and II may I've that ] may umi'
o"eihln2 which said Oh III. former ocrssio,
nav may hr dermed material, or 10 express m,
| y" e' lnll and stongl, linn then did. II 81,
- WIZ 'hahA any Senator 10 r,miud me SO tbai
nv statement now may be rs stIvng and as full
| - then. " W.
! "hY memory serves me, | opened nv re-.
MARKS, "hen lsPoke formerly, bv stating ,b,t =,
| """y ana so Suite were III. devices by which
| nose VINO We're IN power could III lheer tunes,
lre'e the people, niih""' @., b".~ mr. it, thai /,
was Almost enough TO make n lover III III. conn
| ", despair OF is il.rV. then stated Inn
knew OF no measure which could better illus
rate tbs Truth of this remark than the one nov.
before u.s. Its precssed object IL TO rcs,r,e, In.
'alcs of public lsnd IN ott.r,a> is AVON al 10 nr,
vent speculation +; and, by CONSEQUENCE the accu.
mnlatlon oi the surplu1 revenue III the Treasury
hc measure Is understood 10 be m admnist,n.
non measure. then stated that 10 far from
preventing speculation. II would, IN fact. hnt
'eoSunmaic the greatest speculation which ibi>
country has ever wline.sed-n Spctuini ion or
[lha'ng IN state Of things of which those IN
power were the authors by which the, had
pioh'ed and winch ihls measure, should il
'ecelne law, would but complete. | then ask
rd what had caused such nm extraordinary de-
nand Tor public land, that The sales shouIJ
nave more Than qulniIurlrj within the iasi
thfec years and sad that, 10 answer thl4
que-'Ion, we mud look 10 the slate Of the
oi'ne)' ltat II was o"lns To the px,faor
hnary in'rcnse Of the channels Of cIeul,
"on. hc Secretary had estimated this IN.
rtease, within that period. from siN dollars and
Gfnty Il 4 heal IN
hey" the inrfcaSc 10 be much greater the ~, II
81 winch have been 10 duuhl, the pficc Of ry,,v
1tifIr, winch la, not been kept down by som,
particular cause. In thr mean line III. r,irr oj
public land has remained unaered nj one dol.
lar aud twenty tive cent. the acre and the nat
ural consequence Was, ihat TIN, c,uiivc cur
rney orctioWed upon The public land IND Ia
'hused those extraordinary sperul.IonS which
II Il the proiessed ohrct OF TN, bill 10 prevent.
t'ea asked what had raus,d this lnund ton
81 papeff lh' answer was, thc EXPERIMENT
Il love 10 remind the gentleman Of tie word |
which bad removed the oHiy restrictions, Thai |
EXISTED against the l.sue OF hank paper. The |
consequence wa predicted Al the tllc--it was
l"reio d thai hank olcs would multiply almol
without number, and pour forth ,oer sue,
without rt>'ricnon or limitation. The prrdlc.
nons were nj the time unhceded then truth
now bruins to be- realized
This experiment commenced hy transfer Of |
the public funds from whcir they wefr placed b,
la",and where they were under ny safeguard ana
ost, "n' 'f a. irFyt" ~ ~ ,r Wy raI3n
,gc. and the op mug 4 G,Il OF aprcnai on, !,
describing which. IN anticipation. pronounced
/ 10 be 50 ample. that Rolhaeh,ld h,m-elt might
my the opportunity which II afforded. Such II
las proved to be-
Thr administration has proiil-d hy TIN, vast
'a'fonage. and the rrcJuiIr, whlch II has -Iei
ed against hr hank. a> the means of sustaining
bcmseIres IN power. II - unnecessary to re-
'ra' the remarks, IL illustration Of this. The ,
ruth OF the statement ~ known 10 all the Sela- /
or, Who have daily wltnessed tho party topic,
which have i,tD drawn iom this fruitful
ou'ee. then remarked lint. II rumor were To /
" trusted it WAS not only in political pom, al /.
Jew thai those IN power had p'oiited by the va-i /
prans PM in the hands OF the Executive by the
Experiment, they had proiled in pecuniary, /
) well as IN political point Of view. 1t has ,
zen frequently stated, and not con,radicled,
hal many IN high places, are among the sp.ru-
loIs IN public lands and that an individual
with the President hilnsrlf one Of his
ephrws. was an extensive adventure III this
e1 Of speculation. ! did not name HIM, lui /
low feel myself called upon TO do so. | mean /
Mr. MrIcmorc. l.
Having established these pointt, next IN
ertook 10 show thai this Till would on-um. |
nate those .pcrula,ioDs, and establish the poiui-
la
q the Administration. proof Of the former | =
wall myself Of the declaration of the Chairman
II the Committee ~ Public Lands, who had
tated thai the SPECTATORS had already purchas- n
d and held vast amount Of public land. mol
ess a, | under TODD hun, than twenty five or +
hiry millions Of arre>. and that if ihs bali did ,
oi pass, the scenes OF the lLat Two year, would
e repeated IN thI and the coming year. | then y
show, from the showing of The =
Hartman himself. thai these sprcular,ons would
rove runous without the aii OF this bill. He I
ad stated that the annual demand for public :
and, resulting from our increased population, ,
ould not exceed five millions Of acres.
Now, assuming that the quantity on hand is {
lrlv millions Of acres, there would be Sly
ears ngrly IN lr h'na, Of Esrniots, 80
nj that II the bill did not pass, according 10 ii-
howing II would take double or tcbl. The time ,
, dispose Of the lands, which in that case viii
. in the hand, of speculator.. All mu,i see
he ccrainruin, IN that event, Of those who have !
ouowed money 10 speculate in land parllcu-
arly II The sales Of public land should be free
nd open To every one, as IT now i, tn purchase
> the extent of his means. ! neXt showed that I
he contest was between the Government,
IS a dealer in public land, and the specula. n
ors thai they held IN market at le,-i an equal 9
Iuantity in value 10 that winch the Government !
,ow Ia, offered for sale, and that every estrtc-
ion imposed upon the saes OF Government
and, must al nrrc5sity increase thu advantages
# It's rlval dealers.
| then showed that the very onerouS and op-
,ressive restrictions, OF an odIou, character,
mon the sales Of The pubic land>, would be i'm
,o,ed, if the nl should pas No one tberea''
er could pur h.se land ofthe GIvernmert " til
nj ltren.c-a lcensc. in my opinion, rs ellen
we and cdiou, would be license on tn
res. TO Obtain This license, the oath Of th'
applicant was required and Then it could onh
je obtained on pa, fncni OF ~ dollar and tw'r
Y five cents per acre, for which tie CITIZEN nj y
row receive grant IN fee simpe. Alter he
rad made ii> pureha.e Under authority Of BIZ
ircnse, the purchaser ha, to comply with thr
condition Of settlement and cultivation, ard
nust, within the period q five years. prove
l. L.. .l.s I LlR