# United States Statutes at Large/Volume 3/17th Congress/1st Session/Chapter 54

Chap. LIV.—An Act to abolish the United States’ trading establishment with the Indian tribes.
Act of March 2, 1811, ch. 30. Act of May 6, 1822, ch. 58. The President authorized and required to cause the Indian trading-houses to be closed, and the accounts to be settled, &c.Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the President of the United States shall be, and hereby is, authorized and required to cause the business of the United States’ trading-houses among the Indian tribes to be closed, and the accounts of the superintendent of Indian trade, and of the factors and sub-factors, to be settled; and for that purpose, the President is hereby authorized to select, from among the Indian agents, or others, a competent number of fit and suitable persons, to be and appear at the office of Indian trade in Georgetown, in the District of Columbia, and at each of the trading-houses established among Indian tribes, on or before the third day of June next, or as soon thereafter as can conveniently be done, to demand and receive of and from the superintendent of Indian trade,Agents to be appointed. and of the respective factors and sub-factors, all the goods, wares, merchandise, furs, peltries, evidences of debt, and property and effects of every kind which may be in their power or possession, by virtue of their respective offices, and justly due and belonging to the United States; and the said agents, selected for the purpose aforesaid, shall be furnished with copies of the latest quarterly returns of the saidAgents to be furnished with documents from the Treasury Department, &c. superintendent, factors, and sub-factors, as rendered by them to the Treasury Department, and copies of any other papers in the said department which will show what is, or ought to be due and coming to the United States, from the said office of Indian trade in Georgetown, and from each of the trading-houses established among Indians. And the persons so selected shallThe agents to enter into bond with security for the faithful discharge of their duties. After June 3, 1822, the act of March 2, 1811, to continue in force only, &c. Act of March 2, 1811, ch. 30. enter into bond, with good and sufficient security, in such sums as may be required by the President of the United States, for the faithful discharge of the duties enjoined on them by the provisions of this act. And from and after the third day of June next, the act of the second of March, one thousand eight hundred and eleven, entitled “An act for establishing trading-houses with Indian tribes,” shall be continued in force for the purposes only of enforcing all bonds, debts, contracts, demands, and rights which may have arisen, and all penalties and punishments which may have been, or may be, incurred under the provisions of the said act, and for the settlement of the accounts of the superintendent, factors, and sub-factors, at the Treasury Department.
The goods, &c., delivered over to the agents, placed at the disposition of the President, &c.Sec. 2. And be it further enacted, That the goods, wares, and merchandise, which shall be delivered over to the agents of the United States, under the provisions of this act, shall be placed at the disposition of the President of the United States, subject, under his orders, towards satisfying or extinguishing the treaty obligations on the part of the United States, to keep up trading-houses with the Indians; also, towards the payment of annuities due, or to become due, to Indian tribes; also, in making the customary presents to tribes or individuals in amity with the United States;The surplus, if any, to be sold. and the surplus, if any, may be sold to the best advantage, under the orders of the President, and the proceeds paid over to the treasury of the United States.
The President to communicate at the next session of Congress, the manner in which this act has been executed, &c.Sec. 4. And be it further enacted, That, as soon as may be after the commencement of the next session of Congress, the President of the United States shall communicate to Congress the manner in which he shall have caused this act to be executed, showing the amount of moneys, furs, peltries, and other effects, and the amount and description of goods, wares, and merchandise, and the actual cash value thereof, received from the superintendent of Indian trade, and each of the factors and sub-factors, under provisions of this act.
Approved, May 6, 1822.