The Public Lands And School Fund of Minnesota An Address At the Monthly Meetin

Samuel Gilbert Iverson

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Without doubt, valuable deposits of iron ore will be found on state lands. Such lands should not, in 298 MINNESOTA HISTORICAL SOCIETY COLLECTIONS.
my judgment, be sold by the acre. Suitable laws should be passed allowing them to be leased for a long term of years, the lessee paying to the State a stated price per ton for the ore mined, as a royalty.
Had Auditor Braden yielded to the pressure of those who wanted him to sell the lands outright, which he could have lawfully done, we would not toda...y be talking of a two hundred million dollar school fund. Through his refusal to sell, the State retained the fee title in those valuable tracts of cut-over lands, which have since shown up countless millions of tons of iron ore. Mr. Braden arbitrarily, and without express author- ity of law, reserved the mineral on certain state lands which he sold in the vicinity of Grand Rapids in 1890. That was in a country far removed from any known iron discoveries. Since that time iron has been discovered even to the westward of Grand Rapids.

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