d if these claims be paid in land scrip it will from
the date of its issue to a great extent cut off from the Treasury the
annual income from the sales of the public lands, because payments for
lands sold by the Government may be expected to be made in scrip until
it is all redeemed. If these claims be just, they ought to be paid in
money, and not in anything less valuable. The bill provides that they
shall be paid in land scrip, whereby they are made in effect to be a
mortgage upon the public lands in the new States; a mortgage, too, held
in great part, if not wholly, by nonresidents of the States in which the
lands lie, who may secure these lands to the amount of several millions
of acres, and then demand for them exorbitant prices from the citizens
of the States who may desire to purchase them for settlement, or they
may keep them out of the market, and thus retard the prosperity and
growth of the States in which they are situated. Why this unusual mode
of satisfying demands on the Treasury has been resorted to does not
appear. It is not consistent with a sound public policy. If it be done
in this case, it may be done in all others. It would form a precedent
for the satisfaction of all other stale and questionable claims in the
same manner, and would undoubtedly be resorted to by all claimants who
after successive trials shall fail to have their claims recognized and
paid in money by Congress.
This bill proposes to appropriate $5,000,000, to be paid in land scrip,
and provides that "no claim or memorial shall be received by the
commissioners" authorized by the act "unless accompanied by a release or
discharge of the United States from all other and further compensation"
than the claimant "may be entitled to receive under the provisions of
this act." These claims are estimated to amount to a much larger sum
than $5,000,000, and yet the claimant is required to release to the
Government all other compensation, and to accept his share of a fund
which is known to be inadequate. If the claims be well founded, it would
be unjust to the claimants to repudiate any portion of them, and the
payment of the remaining sum could not be hereafter resisted. This bill
proposes to pay these claims not in the currency known to the
Constitution, and not to their full amount.
Passed, as this bill has been, near the close of the session, and when
many measures of importance necessarily claim the attention of Congress,
and possibly witho
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