Timber and Stone Act
|This article does not cite any sources. (October 2010) (Learn how and when to remove this template message)|
Land that was deemed "unfit for farming" was sold to those who might want to "timber and stone" (logging and mining) upon the land. The act was used by speculators who were able to get great expanses declared "unfit for farming" allowing them to increase their land holdings at minimal expense.
In theory the purchaser was to make an affidavit that he was entering the land exclusively for his own use and that no association was to hold more than 160 acres (65 ha). In practice however, wealthy companies seeking to access natural resources semi-fraudulently circumvented the law by hiring individuals to purchase 160-acre (65 ha) lots that were then deeded to the company after a nominal compliance with the law. This was legal only in that companies complied with the letter of the law while brashly ignoring the spirit of it. Ultimately, said companies were able to obtain title up to 20,000 acres (81 km2).
|This United States federal legislation article is a stub. You can help Wikipedia by expanding it.|