coequals with the original States, was seriously doubted by
many of our wisest statesmen. All feared that they would become a source
of discord, and many carried their apprehensions so far as to see in
them the seeds of a future dissolution of the Confederacy. But happily
our experience has already been sufficient to quiet in a great degree
all such apprehensions. The position at one time assumed, that the
admission of new States into the Union on the same footing with the
original States was incompatible with a right of soil in the United
States and operated as a surrender thereof, notwithstanding the terms of
the compacts by which their admission was designed to be regulated, has
been wisely abandoned. Whether in the new or the old States, all now
agree that the right of soil to the public lands remains in the Federal
Government, and that these lands constitute a common property, to be
disposed of for the common benefit of all the States, old and new.
Acquiescence in this just principle by the people of the new States has
naturally promoted a disposition to adopt the most liberal policy in the
sale of the public lands. A policy which should be limited to the mere
object of selling the lands for the greatest possible sum of money,
without regard to higher considerations, finds but few advocates. On the
contrary, it is generally conceded that whilst the mode of disposition
adopted by the Government should always be a prudent one, yet its
leading object ought to be the early settlement and cultivation of the
lands sold, and that it should discountenance, if it can not prevent,
the accumulation of large tracts in the same hands, which must
necessarily retard the growth of the new States or entail upon them
a dependent tenantry and its attendant evils.

A question embracing such important interests and so well calculated
to enlist the feelings of the people in every quarter of the Union has
very naturally given rise to numerous plans for the improvement of
the existing system. The distinctive features of the policy that has
hitherto prevailed are to dispose of the public lands at moderate
prices, thus enabling a greater number to enter into competition for
their purchase and accomplishing a double object--of promoting their
rapid settlement by the purchasers and at the same time increasing the
receipts of the Treasury; to sell for cash, thereby preventing the
disturbing influence of a large mass of private citizens indebted