The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-12-07


AS among the best of the many recommendations made
OF late for the correction OF evils connected with
lndian system would call attention to that contain ed in
the annual report of last yea In favor Of the substtu
on OF new treaties for the Heterogeneous exist
ing and which, in many respects found to be crude
NOUS, and often contradictory. This measure
might be made the means Of greatly simplifying rea
tons with the various tribes with which we have treaty
stipustions; of uing judicou, and beneficial
application Of their fuRds and Of promotIg economy in
the Administration Of our Indian affairs.
The preparation of the fourth volume OF the work
the history condition and prospects of the Indian tribes
OF the United States s nearly completed. ard it will be
The whole payable and to be expended for and
on account Of the Indian service the present fiscal year.
ties sls ee7e so goods and prsvons ss 81 so for
educ ational PURPOSES so for agricultural and
eous purposes for the benefit OF the Indians.
In the annual report Of last year. the fact referred
to that spula tons In various Indian treaties requiring
large amounts to be invested in safe and prof table stocks
for the benefit OF the Indians have been carried
ont the United States having reta ned the principal and
paid the interest thereon the treasury from year TO
year. The obligation ard the advantage to the United
States Of making these Investments prov ided for by
the several treaties fully set FORTH appropra
gesed for reasons cogenty stated being advisable to
invest In e the considerable funded
which nual interest is paid from the treasury as
well "A such sums would pro- the amounts Of the
permanent apnuites and other permanent annual dues
paid TO- and expended for various tribes The several
amounts to be thus invested should the suggestion DO
approved, are follows, viz -
LIST. Amount required by treaty stipulatious
to be invested In stocks, but which has
not beer: 80, see, 600 90
I'd. Amount funded held in trust " and
States. ........... 4,aa4,o 90
Sd. Priocpal at per cent of Tournament
Annuities" and other permanent dues,
paic to and expended annually for vari
Gus tribes 1885, 900 90
-.
Total 30, SOS, 600 90
The judicious Investment Of this large sum, while in
no case prudical to the interest of the Indians con
cerned and capable Of being made to extent bene
ncia TO them would be attended with advantage TO the
United States; 6rst in absorbing considerable portion
OF the present large and useless surplus of funds accumu
lated in the Treasury; and second In relieving the gov
ernment from the payment OF the immense which
the annual interest and payments the above stated
principals must eventually amount to- the interest equal
ling the principal every twenty years Nor would this
measure be without advantage to the States whose stocks
might be selected, and TO the community generally, diff
fusing as 1t would, considerable throughout the
country and keeping at home valuable Of invest
men ~ well ~ the interest thereon, which might other
wise have to be sent abroad.
deem proper to call your attention TO the fact that
the aot to ossbsh thu Territorial of Wssh