are frequently entered. The sixteenth section of each township is reserved for the support of a school.
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Lands entered at the public sales, or at the Register's
office, are payable, one fourth part of the price at the
time of purchase; one fourth at the expiry of two years;
one fourth at three years, and the remaining fourth at
four years. By law, lands not fully paid at the end of
five years, are forfeited to the government, but examples
are not wanting of States petitioning Congress for indulgence
on this point, and obtaining it. For money paid in
advance at the land office a discount of eight per cent,
per annum is allowed, till instalments to the amount of
the payment become due. For failures in the payment
of instalments, interest at six per cent is taken till paid.
The most skilful speculators usually pay only a fourth
part of the price at entry, conceiving that they can derive
