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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.