The Yazoo Democrat. (Yazoo City, Miss.) 1844-18??, 1846-08-05

in market over ten years are to be sold at
81 per acre at the end Of the next three
years, seventy.fye cents the following
fifty cents; and the three years succeed
ing, twenty-five cents. The House pre-.
SCENTS some important differences Of Cpin.
ion. Mcdowell Of Virginia wishes to sell
now at these rates, all land that may have
been in market within that period Of time.
But It would be very unwise regulation
inasmuch as the graduation has no refer
enco to location or quality Of the land, and
would radically Ril in facilitating salss.--
Il assumes that lind which has been in
market along period of years is consequent
ly worthless, when in fact, it may arise
from being surrounding By bad land or land
not worth the government price Of 81 %
per acre. This defect is met by the bill Of
the Senate and fully provided for. In the
space Of Twelve years the land gradually
brought into market at reduced rates ac-
cording to its age. That which has been
in market ten years or upwards on LIST OF
March next is sold for a dollar. The re.
suit must be that.all Of il really worth a
dollar an acre will be sold, and the rest
remain on hand until the expiration Ofthree
years, when it will be placed at Is cents
What may be really worth seventy.five
cents will then be bought, and the remain.
der 90 On to the succeeding three years,
when il will be offered at fifty cents. It
will be culled over and tracts bought at this
rate. At the termination Of another three
years, the residue will be sold at 25 cents.
Thus, the quantities put in market will be
moderate, and an opportunity given to the
government to sell the public land at some
kind Of approximation to its value. But,
on the other hand, if we now throw all the
public land into market at these rates, we
must place large quantities at rates below
their value, and thus diminish the revenue
10 the government. II is Objectionable
therefore on the principle Of graduation it
SELF and the rejected bill is the only meas
ure by which we can ascertain the value OF
the public land. 1t operates like a sale at
auction. The first bid is one dollar; and
when all are done at that, it is put up ats
cents &c. until the domain is sold to the
settler.
Our opponents urge that to reduce the
price Of public lands is to depreciate the val
ue of private estate. understand several
members holding large quantities of wild
lands are biased unwOrthily against the
graduation principle. from this belief
However influenced, the true merit oftheil
opposition is this, that the land of the gov
eminent is to be held back from sale in or
der to enable the large landed aristocracy
to get big prices for their land because al
we contend for is that the public land b
sold at a proper valuation; and to Do Thu
} is the gist of all our Plans Of graduation
If the rejected bill cannot Be adOPte'
] without very extensive modification, no bill
will pass at this session, L would be un
wise to fix measure upon the country con
{ tsmplatng doubtful policy reaching IA
/, into the future, when in . few moro years
. we win have strength sufficient to carry on
5 . bill conforming to our own views an
Q principles
], After some debate in the Senate to dal
J. 1.-THE warehouse bill was recOmmitted' an
) win not come up for discussion until som
0 time next week. have no doubt Of is pa
sage.
We were much amused here in the an
4 announcement Ofthe New Orleans CommeI