Samuel Freeman Miller,
State of Lowa v. McFarland State of Illinois…
“ The United States made these warrants the equivalent of money in purchase of these lands by the holders. They gave them the equivalent purchasing power of money and the quality of negotiability, and they gave the soldier the option of a treasury draft or a land-warrant when he had rendered the service. It is the merest quibble to say that where a man purchased a quarter section of the public lands with one of these warrants, the government had not sold him that land at a dollar and a quarter an acre. ”
