Mr. Lincoln, from Committee on Finance, to which the subject was referred, made a report on the subject of purchasing of the United States all the unsold lands lying within the limits of the State of Illinois, accompanied by resolutions that this State propose to purchase all unsold lands at twenty-five cents per acre, and pledging the faith of the State to carry the proposal into effect if the government accept the same within two years.
Mr. Lincoln thought the resolutions ought to be seriously considered. In reply to the gentleman from Adams, he said that it was not to enrich the State. The price of the lands may be raised, it was thought by some; by others, that it would be reduced. The conclusion in his mind was that the representatives in this Legislature from the country in which the lands lie would be opposed to raising the price, because it would operate against the settlement of the lands. He referred to the lands in the military tract. They had fallen into the hands of large speculators in consequence of the low price. He was opposed to a low price of land. He thought it was adverse to the interests of the poor settler, because speculators buy them up. He was opposed to a reduction of the price of public lands.
Mr. Lincoln referred to some official documents emanating from Indiana, and compared the progressive population of the two States. Illinois had gained upon that State under the public land system as it is. His conclusion was that ten years from this time Illinois would have no more public land unsold than Indiana now has. He referred also to Ohio. That State had sold nearly all her public lands. She was but twenty years ahead of us, and as our lands were equally salable—more so, as he maintained—we should have no more twenty years from now than she has at present.
Mr. Lincoln referred to the canal lands, and supposed that the policy of the State would be different in regard to them, if the representatives from that section of country could themselves choose the policy; but the representatives from other parts of the State had a veto upon it, and regulated the policy. He thought that if the State had all the lands, the policy of the Legislature would be more liberal to all sections.
He referred to the policy of the General Government. He thought that if the national debt had not been paid, the expenses of the government would not have doubled, as they had done since that debt was paid.
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