disposed of at their real value, and many persons of limited means were
enabled to purchase small tracts, upon which they have settled with
their families. That similar results would be produced by the adoption
of the graduation policy by the United States in all the States in which
they are the owners of large bodies of lands which have been long in the
market can not be doubted. It can not be a sound policy to withhold
large quantities of the public lands from the use and occupation of our
citizens by fixing upon them prices which experience has shown they will
not command. On the contrary, it is a wise policy to afford facilities
to our citizens to become the owners at low and moderate rates of
freeholds of their own instead of being the tenants and dependents of
others. If it be apprehended that these lands if reduced in price would
be secured in large quantities by speculators or capitalists, the sales
may be restricted in limited quantities to actual settlers or persons
purchasing for purposes of cultivation.

In my last annual message I submitted for the consideration of Congress
the present system of managing the mineral lands of the United States,
and recommended that they should be brought into market and sold upon
such terms and under such restrictions as Congress might prescribe. By
the act of the 11th of July last "the reserved lead mines and contiguous
lands in the States of Illinois and Arkansas and Territories of
Wisconsin and Iowa" were authorized to be sold. The act is confined in
its operation to "lead mines and contiguous lands." A large portion of
the public lands, containing copper and other ores, is represented to be
very valuable, and I recommend that provision be made authorizing the
sale of these lands upon such terms and conditions as from their
supposed value may in the judgment of Congress be deemed advisable,
having due regard to the interests of such of our citizens as may be
located upon them.