" In pursuance of this authority, the commissioners sold during
the year 1791, by estimate, five millions five hundred and forty-two
thousand one hundred and seventy acres of waste land, for the sum of
one million and thirty thousand four hundred and thirty-three dollars;
leaving in the possession of the state, yet to be disposed of, about
two millions of acres. Among the sales was one to Alexander Macomb,
for three millions six hundred and thirty-five thousand two hundred
acres. The magnitude of this sale, and the price at which it was sold,
created a great excitement throughout the state, and at the session of
the legislature which commenced on the 4th of January, 1792, the
subject was brought before the assembly.
The price at which Mr. Macomb made his purchase was eight pence per
acre, payable in five annual instalments, without interest, with
permission to discount for prompt payment at six per cent. per annum,
which made the price about equal to seven cents per acre cash. Colonel
Burr, as attorney-general, was a member of the board. On the 9th of
April, 1792, the report of the commissioners being the order of the
day, the subject was taken up in the house. Mr. Talbot, from
Montgomery county, moved sundry resolutions. They were intended as the
foundation for an impeachment of a part of the commissioners of the
land office. They assumed to contain a statement of facts, evidencing
on the part of the commissioners great indiscretion and want of
judgment, if not corruption, in the sale of the public lands, and they
charged the commissioners with a willful violation of the law.
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