The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-07-07
.NEW RULING ON
| OSAGE MONIES
yenartment Exercises a
Close Supervision Over
Minors
BAR TO SPECULATION
A1 Precautions Taken to See
That Indians Receive Only
Limited Funds
49,. - -9l '

s,sri.f Tho W'rl' MI =,
|PAN NHUShA, July 6--Three I'M
,ortlat questions are involved IN a
~. r.Hne of the interior depart
I' governing tho disposal OF
H@t, @ t.isn FUNDS. The first is
v-sG,.er the uarents or guardians of
.. r,, enrolled or allotted
=. inherit shares in full are re-
.,-..'l ts $500 n quarter. In the
.r uf The solicitor. and this
T. br.r taken As n basis OF action
~, tbs local indian agency, children
sg,n si,cc July !. 1907, who did not
scesivc 4l!otments and who in their
,,,r right do not participate in the
5,,,a..,I W the tribal funds, but who
80. inherited shares Of deceased
lIIi.,,,.s 4ra in the same status as
.,rsors Nno are not members OF
y, tribe. Hence the inherited
.h1r,s o. these minors should be
,s,d .r ml TO their parents or legal
rr'sr1lgr- Payments, therefore.
go rlt being restricted to $500 n
49, rs Is the case with minors
on the '.'"
The second question was whether
ruartllus Of incompetent adults
shar o. paid the entire income or
a,rr,b,r they shall be restricted to
a. 0Un per quarter, the same as in
ro,rpctoris who nave had legal
ysrIHus appointed. The rul-
y, states definitely that incom-
n,,ont adults, including those hav-
ing l,gll Guardians, are to have al
iowln.os of $1,000 for maintenance
and support and that each minor Is
IN hr paId $500 quarterly for Ike
turpos,s The remaining shares due
spch members Is TO be conserved
ne iay,stment and deposited In the
hanks % their credit.
"To hold otherwise" the ruling
concludes. would defeat the pur-
poses Of tho act, for, as pointed out
by the superintendent, If the entire
share is % be turned over TO legal
guardians for expenditures, with
out supervision, 1t would be compar-
atlyely easy for the remaining in
competent members Of the tribe TO
procure the appointment OF legal
guardians and thereby obtain the re-
lease of the supervision OF the quar-
tefiy payment.
The third and very important
question was whether legal guard
fans are bound to invest the funds
NJ their wards in the same class
Gt kUI.Nll Ut l'N 4ll Mlll'li Ai'' F'iNA -
,crdeu, is authorized to invest the
funds NJ incompctents who have
not had guardians appointed. In
this case the solicitor is OF the
opiniou that the entire income due
adults not having certificates OF
competency and for whom legal
gusfdians haut been appointed
should be paid quarterly 20 such
guardian, but that the disposal OF
such funds including the eSpendi-
ture Of the quarterly allowance and
the Investment of the remainder is
subject 20 the supervision OF the
superintendent.
Further, that legal guardians are
bound hy the act of March 3, ls21,
and the remainder of these shares
can be vested on in
those securities designated in
the ac, or else placed on time
deposit In banks In the state OF OK
hhoma
This last ruling will remove from
~ realm Of local Investments vast
Gums which might otherwise he
placed In good real estate mort
cages on Usage county properties,
at per cent or more. These monies
must now be invested by the guard
tan tn bonds bearing n lower inter
est rate or placed in banks at from
I TO per cent.