The daily union. [volume] (Washington [D.C.]) 1845-1857, 1851-02-07

while the 1000 900 that are now out are in market; for
they will be vigilant and watchu 10 sell 10 leIma
nent settlers and those who want 10 90 TO that country
and become rsfmaneni .seIs IN thai country nc one
these speculAors holds them with view OF holding
them pemlane n y-not one oil them. Therefore ask
my honorable friends who represent that portion OF Tue
country consider really whether there any danger 70
their substantial interests whether this law be construed
one way the other, There rs going TO be no specua
lion such took place In the years 1891 and 1882
Mr. President, that is one strong objection 10 lhe pas
sage OF this bill. by the senators from the Northwest
that have been attempting 10 answer. But ihr,e Is
another influence IN The country Abandoning all these
other Influences that entitled 10 due weight and con
sderaton have found another very powerful influence
ope rating upon the minds oil the community around
trust it does not affect the judgment OF any member
of this body but, If does, but perfectly far TO lei
IL have It's fair influence and fair weight IN bringing MS
mind 10 conclusion upon this measure. II Is the IN
iuencs OF the owners OF the 100000 OF warrants lhat
out INDICATED, and held by assignment from those
who entitled TO The provision made for the soldiers OF
the Mexican war. You find them everywhere II You
do Them you hear of them Some OF the warrants
bought up very liberal and fair rate It IS said
There 900 5000 200 OF land warrants IN the
market. and OF them not quite airy bought
Some OF them have been bought l25 ons hun
bred do not know but that some OF them have
been bought as low 800 per hundred and sixty
acres How that matter may he do not know.
Mr.. MANGUM, lin his seat) Al SiO7 per one hun
Mr. BELL Ny friend from North Carolina says
Sl07 for loo Now, sir they Will not realize as
expect; for repeat one OF them expects 10 become
settler and there who expects TO appropriate
the whole with view to future sale. ! take II Tor
granted that they awaiting themselves OF the demand
created by The eng ration 10 this northwestern country to
sell fast possible and at high rates a. they can
get Its in that way that they expect to realize their
profits upon their original purchase and speculation
Their argument now is that will diminish their lair
profits ii you interfere with their reasonable and ar ex
pecatons when they invested their funds IN these war
rants Now, 1000 900 OF warrants held in This way
great influence. Sir, il ia very likely That they
will not realize as much as they expected ~ these ~
veents But those who sell at $3.50 or $l75 Tor l6J
acres OF land will make very pretty and lar profit
Aud those bought Sl07 per loo acres and sell ut
$780, ought to be sa win that reasonable proht, Tor
certainly very good interest and per cehtage On
their Investment. .
These considerations TO to be 40 reasonable
that trust they will nave their due weight. admit the
gre influence the Northwest, and The grounds upon
which may resist this measure upon the
calculation that il viii eiard the Improvement ami actual
settlement OF their States think they are mistaken.
owe yer, that These Spectators, II these warrants
be made assgnab.e will buy them with view TO resell to
enig when The de nani exists the tide OF engta
lion that annually and monthly finding lis way TO these
new Territories and States in the Northwest. think.
therefore, that my honorable TREND me MI JON Es
and my honorable friend from Michigan [Mr. FELcHI
the danger their section OF the country, when
they say this would promote the mischief which they de-
sire to guard gainst. EE
Mr. JONES will say. in reply TO the nterrogatory
of my friend from Tennessee that did support the
original bill introduced by my gallant friend Mr. SHIELD-]
who, from sympathy for these soldiers, urged tI
from day to day. now almost regret that did So not
because would not reward patriotic volunteers who
perled much Tor their country, but because am now
satisfied, and will be much If this JOINT resolution
is adopted, that effects will be most injurious to that
part OF the country which in part represent think,
too the tne that from present indications, those
for whose benefit then legisated to receive but
little If any good from that legislation is very evident
TO my mind that by this resolution the Wall street and
other brokers and Spectators wall receive the good which
intend 10 besiog upon the old soldier while il will
the latter much trouble aud vexafion believed
tha lanHU houn
granted him, after locating it, permit his children TO
move to and occupy it. Such will not be the case il you
authorize the assignment; and he will continue 10 remain
where he wi lhout knowing that aught has been
done Tor him or his.
The gentleman from Tenne ssee [Mr. BELL says that
he has no objection to reasonable compensation to these
registers receivers but that, he understands the
case, they Sufficiently well paid for their services
FMS know is incorrect. Wnh our-fold duties to per-
form they receive but one-fourth OF the nsaon
which they entitled before the passage OF the act OF
ls47 But, Mr.. President, from whom ia this small
allowance the land officers in the end' Not
from Tie government or from the SOLDIER but IRON his
assignee
The capitalist who will buy up his thousands OF war
from the poor soldiers half their real value, by
combinations with Others Of his class, should and will be
made TO pay these fees. il my amendment ia adopted
My friend Mr. BELLl has asked me again If have
known OF single instance where any spectator has
bought up large tract OF land in the West to the injury
OF the settlement OF that counlrys do know of many.
Mr.. BELL Under these late ac,s'
Mr.. JONES No, sr; not under these late acts. be-
borhood But in Wisconsin, near where | reside,
an English capitalist did buy at the government land
office Tor that district large tract OF the most fertile and
valuable land, for which he paid the minimum price in
money The effects OF that single well known to
myself and the distinguished senator from Wisconsin,
(Gov DoDoE had the most deetenous effects upon the
settlement and improvement OF that part OF the country
know the country well, Tor resided il for
years, and know that il of the richest
m America for fertility OF soil, mineral resources.
power, timber &c &c. and yet has been kept hack in
population and wealth because OF this monopoly, whilst
less fertile and desirable districts where such obsiruc
ton existed. have become ihckly settled. Those lands
entered jn s3637. and s held BY the original
purchaser who many years ago, to my knowledge
refused S. per acre, AID would sell for less than
probably ten or fifteen dollars
The Consequence h that the emig rant has 10 push on
still further to the weswarl, al the loss of lime and
Toney, and health. 10 get interior land and less de al
rabe home. Pass this joint resolution. aud you deprive
the soldier oil The inducements to seek better home than
he now has, and 10 make provision for those who
come alter him, al the time thai you throw open the
door Ior held OF speculation presented this
country befo,e, and from the evil effects of which
may never be rii and wh'ch poseri,y will deeply
lament You will establish by it the system OF landlord
and tenant which England lfelan. and other
countries across the Atlantic, and which has gFound
down To the dust and 10 Starvation the millions Irish.
men and others who, IN consequence of IT, dr.,
from their native lands 10 seek comfortable home
in ours. ea#.. +.
But, Mr.. President. beg panon for this digrs ssiun
aud ior following IN the wake OF my friends no have
precejed me TIE amendment which propose is intend.
ed /, compensate The registers and alone The
thirty or Joriy niid,aoi clerks who are now a, work
under high ates The Peu~ioa, Land, Third Audi
tors anl other bureaus, AMI who hav. been nvc.s-a,
employ ed 10 carry uip elect the provisions of The