Washington telegraph., 1854-01-25
swamp Land Scrip

swamp Land Scrip.
Below will be found a sensible aud prop.
erly conceived article from tho Helena
Shield advising owners of Swamp Land
Scrip, to locate or hold on 10 it,
So soon US we can collect the data, We
propose writing an article on the same sub.
jeet, The amount of Scrip already issued
will, if We are not mistaken, not cover one.
fifth Of the Swamp Lands in the state. If
the report be true. that the suspended lists
of Swamp Lands have been confirmed to
the siata there Is no doubt that they will
BE-. If thaY are not yet confirmed. the Scrip
issued will not cover more than ane.eighlh
oi the Swamp l.ahds.
Many Of these lands are Of the rich.
est and best cotton lands in the State, and
worth from fsa to ten dollars an acre; while
the quantity Which Is mol worth the mini.
mum fixed by law, j and ID cents an acre,
Is exeeedingly J small
When We take this in connection with
the fact, That Arkansas Is now almost the
only State in the Union. where good cotton
lanls can be purchased. that great portion
of ihese Swamp Lands are the best cotton
lanis IN iha world TINT these lanls can he
purchased with nothing bnt swamp Land
Scrip. that the attention Of cotton land.seek.
efs IS NOW turned almost exclusively to
this state, it IS plain. thai he who sacrifice.
his Scrip now, sacrifices his interest against
light aud knowledge.
There will still ha combinations Of spec.
ulators. for the purpose Of putting and keep.
ing down the price Of Swamp Land Scrip.
These speculaiors are keen, sharp.sightei
men, Their interests would be advanced,
and, their speeulaiions increased. it they
could have Scrip enough issued to cover ali
the Swamp l.anls in the State. The plan
they have taken 10 iase an increased amount
Of Scrip issued. il, tn shake The confidence
of Leyeo Contractors, by bringing il price
to the lowest possible point fhis done the
contractors. in making their estimate. for
bids for lesee work. will have 10 predicate
them On the market price Of deprecated
sefin. Thus the esee work Is made to east
the State from 30 to loo per cent more than
II would il the price Of Scrip were what ii
should be-par.
II the Swamp Lands are properly admin.
istorna. they can all be reclaimed, and a
magnificent fund leil 10 tie State after their
reclamation Then it is a duty deyulying
on every public man, ut least. II mol every
patriotic citizen. 10 do all in his poWor 10
enable the State 10 reclaim tbess lan1s. and
ftali1e the benefits necessarily aeerning from
their reclamation
Il il not only our purpose 70 write an ar.
tiele showing the amount Of Swamp Lands
in tho siaie. the amount Of setip issued.
aud the general condition Of the fund, but
also to tho administration Of the Swamp
Land Law, in such a manner as tho inter.
ssis Of the lands and the people seem to de.
Here is tho article from the Shiold
Gas. 4. Dem
"IIolders Of Swamp Laud Scrip, II they
would consult their own interests. would do
well to either locate il or hold on until they
eau get a iair equivalent for il. If holders
would lirmly resolve upon course Of this
kind, thousands and tens Of thousands Of
dollars, now 80 eagerly sought for by land
speculaiors would command dollar for dollar.
or ia a few months Nigh, be sold a, a pre-.
MUM Thoe who have Scrip and need
money, had better borrow. even at heavy
interest, aud keep their Scrip out Of marke,
at the present rates.
Nothing like the amount has been issued
at the present meeting Of the Commission.
ers that was expected, and consequently the
amount now allowed or issued will iall below
the demand for the next few months. And
We think no one need bc surprised to see,
before three months Swamp Land Scrip
commanding premium Of from 10 TO 90
per cent. Land cannot DO entered but
with Scrip, therefore, the price eiaa come
up"