The Hawk-eye and Iowa patriot. (Burlington, Iowa) 1839-1843, 1839-10-24
GALENA LAND SALE.
Secretary Of the Meeting

GALENA LAND SALE.
By gentleman just from Gaena We
have the following particulars of the re
cent land sale at that place. 1t ccmmenc'
ed on Monday the 23d September, anc
continued two weeks. Ten townships
and fractions were offered, all being il
the old surveys south of Rock river, anC
lying in Mercer, Marshall and Rock Is
land counties; about one half in the Mill
tary Tract But one tract $50 acres) went
above the government price. 1t was q
timber lot, for which two or three settlers
residing near it contended, and which they
ran up to $l,75 per acre. All the pur.
chascrs were actual settlers, and the land
bought had all been improved by them
Some improved tracts were passed over,
owing to the occupcnts being unable to
raise the money to buy them. Of course
they are now free for any one to enter,
though probably no man could be found
who would do so.
About $4,000 dollars only were receiv-
ed from sales. Nine tenths of this were
the savings Of the settlers, about 5000 on
ly having been furnished by capitalists.
The loans were for one year, at fifty per
cent--thc lender having the land entered
in his own name, and giving the borrow
err bond to make him deed On the pay
ment of the amount of his note at the end
of year; in default of Which the lender
may take possession of the land. Thus
the capitalist is the purchaser from the
government at l,2 per acre, he at the
same time binding himself to sell to the
settler at the end of a year at 80 per cent
advance, or 1877 per acre.
During the first week of the sale Min
eral Point bank notes were taken by the
receiver; but at the beginning Of the sec
ond they were refused, in obedience to a
circular from the Bank of Missouri, the
government deposite bank. The credit
of the bank was not impaired by this act,
as the Galena branch of the State Bank
of Illinois continued to receive its notes
on deposite and give their own for them.
The spirit Of accommodation manifest.
ed towards the purchasers at the sale by
Col. Dement, (the receiver is spoken of
in high terms of praise, and has endeared
him to every settler. He received the
notes of many banks not named in his in-
Istructions, thus taking upon himself the
trouble and expense of converting them
into bankable money at the Bank of Mis-
souri,. The polite attention of the regis
ter Mai. Hackelton,) was equally the
subject of acknowledgment and paise.
We annex the list Of bank notes author-
ICED to be taken in payment for lands at
at the Galena office, and, zee presume, re-
ceiruble at alt the land offices which make
their deposites at Tie Bank of Missouri:
Bank of Missouri and branches.
New Yorh..1-Bank of New York, Man
haitian Company, Bank of America, Me-
chanics' Bank. Phenix Bank, Merchants
Bank; all in N. York city.
Pennsylvania. Bank of Pennsylvania
Girard Bank, Philadelphia Bank. Bank
Iof The United States; all in Philadelphia.
Observation-Disclosures Bank of Balti-
more, Union Bank of Maryland, Bank Of
Baltimore; all of Baltimore.
The notes TO be of 20 dollars or up
wards. ,.....-
Another sale will commence at Galena
on Monday next, when 20 townships will
be offered. -Peoria Register.
The administration has succeeded in
Maryland in electing five congressman, and
the wings three. In the last congress the
delegation stood five wings to three adj
ministration. In the house of delegates
tho wh;rs have al. administration AZ