| Show FOREIGN LAND OWNERSHIP I 1 IN the recently adopted ohio democratic pla pin form it is declared that all lands of the government should be held for actual settlers bottlers who are citizens or who declare it to te be their intention to become citizens this gives special interest to the late reply of the attorney general to the president in regard to the act of 0 march ad 1887 which restricts in the territories the ownership of real estate to citizens the fol following lowine were the interrogations of the president 1 first was the act intended to appy apply and does it apply to mines second can aliens lawfully acquire own and hold bold shares wf t stock issued by an Ameri american CRU corporation which Is the owner of mineral lands in the territories third would the advancement of money by aliens for the purpose of developing ve loping mining properties be lawful under the act fourth can aliens lawfully contract with american owners tor for working mines or making any proper me of mineral lands for a term of years the conclusions of the attorney general show that according to his construction of the law it will aecus bamily tend to cripple the mining industry after giving bis reasons reavone he thus states them concisely first As mines are real estate or inheritable interests in real peal estate the act does not apply to them second AS stock iq in a corporation is an alien can lawfully have own mud and hold bold shares of stock issued by an american corporation which is now the owner of mineral lands in territories but it if the holdi holding ag by aliens exceeds twenty per cent auch corporation can neither acquire hold bold own or hereafter real estate while more than twenty per rot 0 of stock Is held and owned by alleno 1 hird bird under lite act the advancement of money herebi r by aliens tor for ina ut of developing dev doping mining property proper tyis is lawful but no inte interest in the real estate can be acquired hrstich hy anch advancement nor agulo an alien have the aIbe ral estate nor any intent inn left therein then id on a luan lean made since i the be pasi pas aue frase ut of the ac teven if sold ou hi bi own or lit n fourth aliens may faw lawfully fully con tract with ith amer Ameil can owners tu to work by personal persi oual contracts for bircer by anna ala fide fade leases for a reasonable time |
