The special committee, to which this bill was referred, would not go so far, but authorized Mr. Walker to report 'A bill to arrest monopolies of the public lands and purchases thereof for speculation, and substitute sales to actual settlers only, in limited quantities, and at reduced prices,' &c. This report will be found in vol. 5, Sen. Doc., 1st session, 24th Congress, No. 402. 'In Senate of the United States, June 15, 1836, Mr. Walker made the following report:' _Extracts._--'The committee have adopted the principle that the public lands should be held as a sacred reserve for the _cultivators of the soil_; that monopolies by individuals or companies should be prevented; that sales should be made only in limited quantities to _actual settlers_, and the price in their favor reduced and graduated.' * * The old system 'is throwing the public domain into the hands of speculating monopolists. It is reviving many of the evils of the old feudal system of Europe. Under that system, the lands were owned in vast bodies by a few wealthy barons, and leased by them to an impoverished and dependent tenantry.' A bill based on this principle, and reported by Mr. Walker at a succeeding session, passed the Senate, but was defeated in the House. In each of his annual reports as Secretary of the Treasury, Mr. Walker strongly recommended the homestead policy, which encountered the continual opposition of Mr. Calhoun. In his inaugural address as Governor of Kansas, of the 27th May, 1857, Mr. Walker thus strongly advocated the Homestead policy: