FREE BOOKS

Author's List




PREV.   NEXT  
|<   136   137   138   139   140   141   142   143   144   145   146   147   148   149   150   151   152   153   154   155   156   157   158   159   160  
161   162   163   164   165   166   167   168   169   170   171   172   173   174   175   176   177   178   179   180   181   182   183   184   185   >>   >|  
agriculture and the mechanic arts, as the legislatures of the States may respectively prescribe, in order to promote the liberal and practical education of the industrial classes in the several pursuits and professions in life." As there does not appear from the bill to be any beneficiaries in existence to which this endowment can be applied, each State is required "to provide, within five years at least, not less than one college, or the grant to said State shall cease." In that event the "said State shall be bound to pay the United States the amount received of any lands previously sold, and that the title to purchasers under the State shall be valid." The grant in land itself is confined to such States as have public lands within their limits worth $1.25 per acre in the opinion of the governor. For the remaining States the Secretary of the Interior is directed to issue "land scrip to the amount of their distributive shares in acres under the provisions of this act, said scrip to be sold by said States, and the proceeds thereof applied to the uses and purposes prescribed in this act, and for no other use or purpose whatsoever." The lands are granted and the scrip is to be issued "in sections or subdivisions of sections of not less than one-quarter of a section." According to an estimate from the Interior Department, the number of acres which will probably be accepted by States having public lands within their own limits will not exceed 580,000 acres (and it may be much less), leaving a balance of 5,480,000 acres to be provided for by scrip. These grants of land and land scrip to each of the thirty-three States are made upon certain conditions, the principal of which is that if the fund shall be lost or diminished on account of unfortunate investments or otherwise the deficiency shall be replaced and made good by the respective States. I shall now proceed to state my objections to this bill. I deem it to be both inexpedient and unconstitutional. 1. This bill has been passed at a period when we can with great difficulty raise sufficient revenue to sustain the expenses of the Government. Should it become a law the Treasury will be deprived of the whole, or nearly the whole, of our income from the sale of public lands, which for the next fiscal year has been estimated at $5,000,000. A bare statement of the case will make this evident. The minimum price at which we dispose of our lands is $1.25 per acre. At the
PREV.   NEXT  
|<   136   137   138   139   140   141   142   143   144   145   146   147   148   149   150   151   152   153   154   155   156   157   158   159   160  
161   162   163   164   165   166   167   168   169   170   171   172   173   174   175   176   177   178   179   180   181   182   183   184   185   >>   >|  



Top keywords:

States

 

public

 
amount
 

Interior

 

sections

 
applied
 

limits

 

respective

 

replaced

 

balance


deficiency

 

thirty

 
grants
 

proceed

 
principal
 
conditions
 
unfortunate
 

investments

 

leaving

 

provided


account

 

diminished

 
period
 

fiscal

 

income

 

Treasury

 
deprived
 

estimated

 

minimum

 

dispose


evident

 

statement

 

Should

 

unconstitutional

 

passed

 

inexpedient

 

objections

 
sustain
 

expenses

 

Government


revenue

 

sufficient

 
difficulty
 
provide
 

required

 

endowment

 

beneficiaries

 
existence
 

college

 

received