The Works of John C. Calhoun Volume 5 by John C. Calhoun

Author:John C. Calhoun [Calhoun, John C.]
Language: eng
Format: epub
Tags: Politikwissenschaft
Publisher: Jazzybee Verlag
Published: 2018-03-19T23:00:00+00:00

A.

B.

Estimate of the probable expense incident to the management of the public lands embraced in the bill, if the present system should continue, based on data derived from its past operations.

For surveying and selling (see annexed estimate, No. 1), $8,112,251

For extinguishing Indian titles (see annexed statement, No. 2), $2,841,236

For grants and donations, except every 16th section for school lands, based on the actual quantity heretofore granted, estimated at $1.25 per acre, and on the supposition that the grants and donations will be as great hereafter, in proportion to the quantity to be sold, as they have been for that sold, $7,017,540

For internal improvements, excluding expenditures on the Mississippi and Ohio, and including the Cumberland road, deducting the two per cent. fund applicable to that road, $6,939,274

For additional expense of Congress in legislating for the new States, based on the average expense of the last ten years, amounting to a fraction over $770,000 annually (see annexed statement, No. 3); and on the supposition that one seventh of the expense was chargeable to that branch of legislation, which would make annually $110,000, and, multiplied by 80, the number of years required to dispose of the lands embraced in the bill, would amount to $8,800,000

Add for 5 per cent, fund, proposed by the bill to be surrendered by the States, on the sum of $204,285,256, the estimated amount of unsold lands in the new States, at $1 25 per acre (see annexed statement by the Commissioner), $0,214,262

Making a total expenditure, including the 5 per cent, fund, for the 80 years required for selling the public lands in the new States, of $44,094,563

Which, divided by 80, the length of time supposed to be necessary to dispose of the whole lands embraced in the bill, would give for the average annual sum a fraction above $550,000.

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