Speech of Mr. Clayton, of Delaware, in The Senate of the United States, on the Fourth Day of March, in Reply to Mr. Grundy of Tennessee, Mr. Woodbury of New Hampshire, and Others; The Resolution of Mr. Foot, of Connecticut, (continued)

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Title continued: ".Being Under Consideration". (Cover Title.) 56-page booklet. Cord binding. Uncut page edges. The speaker states: "The resolution of the honorable Senator from Connecticut. asks an inquiry into the expediency of either hastening the sales of the public domain, or of stopping the surveys for a limited period." Discussion continued regarding the price the government should ask for public land and should the government profit from the sale of these lands. The speaker continued: "The value of property is merely relative, and is either enhanced or diminished by the estimate placed upon other property of the same kind. If a hundred millions of acres be thrown into market at twenty-five cents per acre, and a large quantity of land be offered to actual settlers at the same time at five cents per acre, the value of that which has been bought by fair purchasers at two dollars, or at one dollar and twenty-five cents per acre, is at once, other circumstances being equal, sunk to a level with the selling price of all the lands around it". N° de ref. del artículo 4780

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