The daily union. [volume] (Washington [D.C.]) 1845-1857, 1850-08-31

10 avoid while at the same time we wish to make the
land warrants ayaabls y possible For that reason.
anne NJ offered BY he committee Il proposes o make
payment the treasury OF onehalf the amount OF the
value OF the land remarked yesterday upon the ef.
fecs al this, far as the government concerned
now v@t TO il only FAR the other parry is affected
Now. hat will be the effect OF this scrip which is
to be issued according 70 the amendment pro-
ply to take just 50 much money from the tteas
ury--not half the amount in the case of the
amendment proposed by the committee but just much
money as the minimum price Of the public lands for
which the scrip is issued will illustrae how. as
understand IT, will have this effect II this scrip goes
o Of course noSody
4 man can go into Wall street and purchase scrip
which will enable him to purchase eighty acres Of land
Tor $50, he will OF course, not 10 the Land Office and
purchase the land for 1928 per acre. And SO you
cut of the flowing into the treasury, you do the
ZANE thing precisely in effect il you TO appropr
these lands would otherwise sell That is precisely The
effect OF this amendment FAY that the scrip now pro-
posed to be given will cut oil from the treasury the pro-
cut of precisely the amount OF 81 23 per place OF
the Of that to be paid out under the oher
amendment That is the inevitable consequence. The
suit OF the matter so far as the public lands concerned
is precisely the il The scrip issued for that
amount in money, dollar for dollar, pay able at the
treasury
Why sir all the history Of the public lands is perfectly
uniform Last Year the proceeds OF the land system
$l,7oOo00, whereas the amount ought to have been
100000 u is perfectly obvious that this difference
was produced by the existence Of land warrants in the
market, issued on account of the Mexican When
ever person wishes TO purchase land he hnds these
warrants at the door OF every land office and everywhere
else throughout the country He purchase them
less price than he can buy of the government, and
sequenty the proceeds OF the public lands diminished
Just exactly to the extent that we throw this paper into
the market This, then, is the operation of the two
amendments which proposed X will be the neces-
sary result TO cut of from the treasury the by
which is supplied The operation Of the amendment Of
IN hp auna 1noraa afD NH
az that OF the senator from Virginia. hope the amend
ment OF the senator from Virginia will not be adopted.
stands and it is inconsistent with the interests both Of
the benefcaries and Of the country. Both will be better
subserved in my opinion by the amendment of the
mttee than they can be by any amendment which can
be offered Mt the present time Having already explained
myself upon that subject wish merely to add here that
the senator who has particular charge of that BILL a
member OF the Committee on Public Lands, seems to
have renQuished the idea that that amendment ought to
be adopted wish, therefore, 10 say that in my opin-
ion, is matter Of interest e the public treasury, and
| 10 prevent Frauds that il should be adopted.
Mr.. COOPER. see no prospect OF the passage OF this
bill this morning | move therefore, that it be post
poned, and that we 90 into executive session.
Mr.. SHIELDS. Let us have a vote upon this amend
meDt, and vote il down. Then, probably by tomorrow
we may may be able to frame an amendment which will
be asa sai, 1I% nT S% 70 al parties
through with the bill to-day and cannot know what
is the nature of the amendment which the senator from
Illinois MT IS, SaIELDsl proposes TO submit
Mr. PRATT would aid to vote down this amend
merit and every other amendment by which 1t IS intended
to make the bill different from what it wheB
from the House The effect OF any amendment will be
to send il back the House That will raise The ques-
ton there, and my opinion tend seriously 10 endanger
the bill The object of the bill is give land TO class
of who have served The country in the hour OF trial
which may be imagined likely to result from the pres
sent TO- OF the BILL perhaps from any form which
might give it, such incident to all human al
fairs But if undertake TO correct the details of this
bill TO provide against these ncony SHALL in
my opinion, defeat the bill. | well prepared TO
vote to-day as shall be tomorrow, and to vote down all
the amendments.
Mr. BADGER. renew the motion to postpone the
further consideration of the subject until We
cannot proceed with this bill until we know what amend
men my friend from Illinois proposes TO offer. wish
TO know what is TO be proposed before dispose OF the
amendment now before
The question being taken upon the motion TO postpone
the further consideration of the subject until TO morrow,
| it was agreed TO.
/ mr.