History of the Agricultural College Land Grant Act of July 2 1862 Devoted Larg
History of the Agricultural College Land Grant Act of July 2 1862 Devoted Larg
Samuel Dumont Halliday
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Cornell, on the other hand, believed there would be more profit in selling a large tract of 100, 000 acres for $5. 00, 'or even $4. 00 an acre, than 88 in allowing selections to be made at $6. 25. His ifa evi- dently was that these selections would take up all the desir- able lands and that he would be left with worthless tracts inv his possession which could not be disposed of at any price and would thus involve a direct loss. By selling only ihi large quantities the poor lands would be sold w...ith the good! and this loss would be avoided. Mr. Cornell was unwilling to make sales at low prices, even* in large amounts, but finally yielded to the insistence of the trustees, and offered the land to
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