4416. LANDS (Public), Sale.—[further continued] .
A provision for the sale
of the vacant lands of the United States is particularly
urged by the important considerations
that they are pledged as a fund for reimbursing
the public debt; that, if timely and judiciously
applied, they may save the necessity
of burthening our citizens with new taxes for
the extinguishment of the principal; and that
being free to pay annually but a limited proportion
of that principal, time lost in beginning the
payments cannot be recovered however productive
the resource may prove in event.—
Paragraph for President's Message.
Ford ed., v, 384.
(1791)
