Democratic Sentinel, Volume 6, Number 18, Rensselaer, Jasper County, 2 June 1882 — The Five-Per-Cent. Bill. [ARTICLE]

The Five-Per-Cent. Bill.

The bill which recently passed the Senate of the United States, known as the “Five-per-cent. Land Act,” provides that lands entered bytnilitary scrip or bounty land warrants in the States of Ohio, Indiana, Illinois, Missouri, Michigan, Wisconsin, Minnesota, lowa, Nebraska, Kansas, Arkansas, Louisiana, Alabama, Mississippi, Florida, Oregon, Nevada and Colorado, including Virginia military and United States military land warrants located in Ohio, shall be construed to come within the provision of the law for payment to States of 5 per cent. of the proceeds of public lands disposed of within their borders; lands to be estimated at the rate of $1.25 per acre, and payments to be made in cash. It is also provided that money remaining on the books of the treasury to the credit of nny public-land States undtr the act of 1836, which distributed the treasury surplus, sha’l not be charged as an offset against any part of the amount coming to the Slate under this bilL The bill prohibits States from paying any part of the money received by them to agents or attorneys for services in procuring the passage of tbe act or in connection with the c'auns of a State, unless stteh payments are authorized by State laws passed after the date of this act.