Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1837-01-26
General Intelligence.
From the y. States Telegraph.
LAND SPECULATORS.

we neiieve II is The very general wish of !
all parties 10 wrest the public lands from the |
grasp OF the Spectators, if there he any lea
sibIe plan 10y which The object can be accom- |
plIshed; Under the present system the hon
est purchaser has no chance against the band
ed associations OF grasping Spectators. He
must go 10 them, and submit 10 hcariless eX-
,orllon, IN order to secure home for his
family. In the last few years, the frauds
and extorlions of these associations have been
incalculable. The late Treasury circular
instead "i mending the matter, has made
things even worse than they were Ii has
converted every land Office into shaving
shop, and enabled large capitalists TO engross
and monopolize more effeciually than before.
fhe private and humble citizen cannot lug
with him his two thousand dollars in specie
through the country, while these large com
pahies concentrate their funds at different
points with little or no inconv enience or eX-
pense. The Detroit correspondent of the
New York Star, speaking OF the effects of
The treasury circular, and the views Of the
President, thus writes:
Never was ignorance of the conse-
quences of any measure more palpably shown
than IN The statement there made. stBy pre-
| venting the extension OF the paper credit il
! measurably cuts off the means OF specula>
tion says The message. So far is specula-
ton from beng checked, that The land Offices
are as crowded as ever with purchasers. not>
wIhstanding the lateness of the season, and
the scarcilyof money. A letter from Ka-
lamaZoo, last week says, cat the first hour
OF the opening Of the Office there were Ie-
ceived applications for land amounting to
upwards OF 100000, the applications filled
6usheL basket ' Ii is the epecuiator and
capitalist VINO Can bear the pressure in the
money market, while the man of moderate
circumstances must stay at home and wait
Tor better times. Almost every week there
are arrivals at Detroit from the land Offices
IN the interior of loads of specie transported
over our bad roads at grea, expense, and de-
posted in The banks, then To be taken back
again the next day by some moneyed specu-
lator. And thus the game goes-and thus
instead of having 'large sums of gold and
silver conveyed iuto the interior, there TO en-.
Ter permanently into the currency of the
country" every siXpence of specie is play
ing between the vaults of the deposite banks
and the strong chests of land Offices. The
country is perfectly drained Of gold and sill 9.
yer 10 buy land; and the "currency" is made
up almost entirely of Ohio and Canada bills.
III our own baDks issue bill it comes back
the next day with demand for specie.
amount already paid for transporting specie
from the various land Offices TO the places OF
deposile! And also of the farther expense of
carrying this East when the transfers are
made, for this must he done. The evils o1
mon resident proprieiorship'' are not so
| great obstacles 10 the advancement OF a new
country as the President would make the
country believe is to these wealthy non
res'uehis 'h"t the West is often indebted for
the earlies, and best improvements. Thay
have an interest in advancing the prosperity
OF The West. Thsy build the mills, rail
roads, canals, towns, villages, and establish
the banks with their money. The farmer o!
small fortune would be poorly off in The
West without the aid Of the money Of the
NONRESIDENT" They are in a measure n.u
tuaiiy dependant upon each other. would
say more upon the message if had room.
The "saiutary consequences" of the "order''
must excite smile with every one the least
acquainted with western affairs.
Yours, &c. w.