University of Wisconsin Digital Collections
Link to University of Wisconsin Digital Collections
Link to University of Wisconsin Digital Collections
The History Collection

Page View

United States. Office of Indian Affairs / Annual report of the Commissioner of Indian Affairs, for the year 1857
([1857])

[Miscellaneous],   pp. 409-414 PDF (1.6 MB)


Page 409

INDIAN TRUST FUND.                   409 
No. 169. 
DEPARTMENT OF THE INTERIOR, 
Office Indian Trust Fund, Washington, Nov. 23, 1857. 
SIR: In compliance with the directions of the Secretary of the In- 
terior, I have the honor to submit the following report upon the Indian 
trust fund: 
The amount of stock charged to the Secretary of the Interior in the 
report of the Commissioner of Indian Affairs, dated iNovember 22, 
1856, was two millions and twenty-eight thousand six hundred and 
seventy-six and eleven hundredths dollars ($2,028,676 11.) To this 
should be added six thousand two hundred and three and seventy-one 
hundredths dollars ($6,203 71,) held in trust for the Chickasaw 
orphans and incompetents; making the entire fund, at that date, two 
millions and thirty-four thousand eight hundred and seventy-nine 
and eighty-two hundredths dollars ($2,034,879 82.) 
During the current year the following investments have been made: 
For the Cherokees, under the treaty o February 27, 1819, forty 
thousand seven hundred and fifty-seven and ninety-seven hundredths 
dollars ($40,757 97,) being a portion of the proceeds of forty-one 
thousand one hundred and thirty-eight dollars ($41,138) of Maryland 
stock, redeemed by the State, September 19, 1857. 
For the Cherokees, under the treaties of December 29, 1835, and 
March 1, 1856, sixty-three thousand eight hundred and twenty-one 
and twenty-five hundredths dollars ($63,821 25,) part of the proceeds 
of sixty-four thousand dollars ($64,000) of Michigan stock, redeemed 
May 12, 1856. 
For the Delawares, under the treaty of May 6, 1854, seven hundred 
and ninety-nine thousand five hundred and eighty-five and four 
hundredths dollars ($799,585 04,) part of proceeds of sale of trust 
lands. 
For the loways, under the treaty of May 17, 1854, one hundred and 
twenty-four thousand eight hundred and eighty-four and sixteen 
hundredths dollars ($124,884 16,) part of proceeds of sale of trust 
lands. 
For the confederate band of Weas, Peorias, &c., under the treaty of 
May 30, 1854, two hundred and seventy-four thousand eight hundred 
and eighty-four and seven hundredths dollars ($274,884 07.) 
The entire amount thus invested was one million three hundred 
and three thousand nine hundred and thirty-two and forty-nine 
hundredths dollars ($1,303,932 49.) 
The entire amount of securities purchased, was one million four 
hundred and ninety-six thousand four hundred and seventy-seven and 
three hundredths dollars ($1,496,477 03;) 
In consequence of the depression in the stock market, these securi- 
ties were purchased at a considerable discount. The amount thus 
saved, on the entire purchase, for the tribes on whose account they 
were bought, is one hundred and ninety-two thousand five hundred 
and forty-four and fifty-four hundredths dollars ($192,544 54.) 
This has been distributed, pro rata, among the several tribes, as 
follows: To the Cherokee school fund, five thousand eight hundred 


Go up to Top of Page