The Hawk-eye and Iowa patriot. (Burlington, Iowa) 1839-1843, 1839-10-24
Burlington Land Office Money-Gold,
Silver and Missouri Bank paper.
BURLINGTON LAND SALES.

1llSCl 'dllu NllSoOuAA AA'> 1ApNA'
BURLINGTON LAND SALES.
Our city is crowded with strangers,
notwithstanding the few Townships that
are held up for sale. Some idea may be
formed Of the rapid settlement ofthis new
Territory by the amount of land bid of
by actual settlers during the last few days.
But one township was sold on Monday and
one on Tuesday. On Monday upwards
OF $22, 600 were received and on Tuesday
upwards Of s25, 900. When it is consid.
cred that number in these townships
have awaited themselves of the pre- emp
ton act, by securing and paying for their
land before the sales commenced, it will
be seen that nearly all these lands have
been purchased. All this has been done
in manner which reflects credit on the
settlers. 1t would be wonderful, amidst
such number of settlers and the superb
GRITTY Of some sections over others, fthere
were no coveting of neighbors land, or
disputings about individual claims. But
if any such spirit is prevalent, it has not
yet discovered itself during the present
sale. The excellent regulations of the
settlers have provided for the speedy set
dement, of all such contingencies, and we
have not heard of an instance where one
neighbor has bid against another. In this
way each bona fide settler has been able
to secure at least his $50 acres. Those
who have no money have succeeded, with
out much difficulty, nj borrowing from
the spectators at a rate of interest ran
ging from 20 to % per cent. per annum.
When money is loaned in this way, the
land is entered in the name of the Specu.
lator, who gives bond to the borrower
to relinquish the title, provided the prin-
cipal and interest are paid at the specified
time.-otherwise the land, with all its i'm
provements, falls into the possession of
the one who loans the money. In this
way large portion of this Territory is
mortgaged to spectators. 1t is to be ho-
ped, however, that by prudent manage
ment on the part of the settlers-the or.
binary blessings of Providence on the la
bors Of the husbandman-and the inevi-
table increase in the value of land, these
spectators will not have an opportunity,
eventually, to call these lands their own.
The prophecy inregard to the premium
that was anticipated would be asked for|
Land Office money in this place has not,
we are happy to say, been fulfilled. The
reason OF thus is obvious. Many of those
who had obtained money for the purpose off
exchange and expected a heavy premium,
did not hear Of the postponement until
they had arrived in Burlington, and ra-
Their than "tote" it blackstone of it be-
ing rather ueighty-they have beenobli-
ged to let it 60 on easy terms. We have
heard of no higher premium than 5 per
cent. and are informed that one enterpris-
ing mercantile firm in town--Mess. Web
Der & Remey-has furnished the settlers
with large amount Of land office money
for current bills without chargingany pre-
MUM. The "postponement' has evil
IDENTIFY benefited the settlers in this re-
spect.
In another column may be found an &C.
count Of the Land Sale at Galena. The