True American. [volume] (New Orleans [La.]) 1835-18??, 1839-11-20

GOVERNMENT LAND SPEcuLAroes-Frands upon
the Indians ty The highest officers of Government -
we nave mad occasion heretofore to place before
readers, the names OF the most prominent among The
government officers whr the projectors of aud pro
pr'e'ors OF the American Lane Company" Notwitl-
standing the 'raledictions Of the agrarian ocoocos
upon all sprcuutors they allow themselves to he led
entirely by body of spectators, who are now the
mngates OF the loroocn party in the ST te-the stock.
holne's OF The American Land Comrany--a company
| now owning as large an alnonnt of territory as M.
original paentees OF this continent held under the crown
| of Great Britan.
The charters of the old English propretors to tracts
Of land, now constituting Suites, not at the time
OF the grant the crown, eqna in value 10 the lands
now owned by the American Land Company !-Crnss
we'll, Wright Dix, Butler, Corning, Ollcot, John Van
Buren, and host Of other office holders and the gems
raj government, ara, in effect, the paenees; under the
name of tie American Land Company ; and Iik. Penn
and the Duke of York, Of .hen i'll vet give their
names to new States to he carved ont Of their posses
s'ons and hereafter to he admitted into the Union.
FROM source that ran lie relied on, have learned
some new facts in relation to these Spectators.
, The first Company formed was the i" Mississippi
Land Company in tho spring of 1885. This CO.i-
nany originated "" the government officers in Boston,
me land to be specuated in, by this company wers
;hs Indian lunds-he Chickasaw and Choclaw lndnn
Reservations TO obtain the title to hese, it ne
cessary to ohtan the sanction Of the President the
contracts made with the Indians.
Hence II was OF Importance TO have person COM
nected with the company who could influence the
PRESIDENT to sanction all contracts made in his behalf
10 secure this influence, agreement entered into
with Amos kcniall, land as we are informed by
stockhoider) under hand and seal, by which Kendall
was to have all the profits arising from forty Thousand
dollars OF the stock OF the company. .'' 60
Inc effect OF this arrangement upon the interest of
the Indians was manifest. If emigrant went upon
tho lands, and contracted will, the Indians for portion
oi Their territory at fair price, he would fail in consul
mating his title because the President would not sane
on the sale. The consequence was that the agents of
TINS land company were Without competitors, and were
enabled TO purchase the Indian title at from 81 to 81 so
per "cre when il was well worth $40, and would have
| hfln tlat,r tad, a..
OF th's land company and these connected with it,
Nenda'l was not by name stakeholder, bu, held his
contract for division Of he "spoils" The company,
through their agents, purchased up the Indian Jules
and Kendall procured the sanction Of the President to-
every purchase And of these lands, thus bought at
ana soo per acre were immediately disposed Of at
average price OF per acre and shares Of the cons
susily sold at s2OO0 and $25OO!
| The Attorney General Butler, learning the success
| "f this company, and the happy manner in which onr
cabinet minister turning his Off nl influence to &C.
count, conceived the ilea Of extended and mag"
nlcent monopoly and he intended tina! its operations
s"oua cover not only Ind an eser:atons, but extend
| to Government lands, he determined that its name
should be the " American Land Company He ac.
cordinsy called Senator Wright into the consult ,ion
and John Van Buren, the representative of his t,ther
Forthwith articles Of association were prepared, aud
all the faithful Office holders incorporated themselves
under the and title Of the American Land Com.
pnny.'
Tue Attorney General stipulated with his associates,
that the Presidency of the Company should be conferred
on his brother Charles, with ample salary, while
out Of the amount of each subscription to come TO
the Buffers five per cent! The company thus organ
lied its agents purchased largely of the Indian reser,
Walton in Alnbamn. The President sancti ned all their
purchases of the Indians The reader will conceive
how miserable price these p, Indians ere swiu-
died ,ut Of their lands when he is informed that 80 ia
vorahle were The terms opurchase that shares Of $780,
with but ten per cent paid in sold for SIXTY DOL
LARS per share.
The pious pnrt CT this association feeling little
conscience stricken at the impos,ous practised upon
the poor Indians, about the c''se of The first ycurs
operation, ut an annual meeting Of company held n,
the Albion House, Boston, procured the passage of
resolution to appropriate $ 600 For the purchase of Biz
bes 10 be distributed anous tie beuighed Indians of
Alabama and Mississippi!
Such was the repara,ion Of the American Land Com
pnny to the poor Indians, after dupng them to the
tune Of probably n MILLION OF DOLLARS. in Il
series OF most unrighteous bargains.