Chickasaw Trust funds. Letter from the Secretary of the Treasury, transmitting statements of the Chickasaw Trust funds.

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1 University of Oklahoma College of Law University of Oklahoma College of Law Digital Commons American Indian and Alaskan Native Documents in the Congressional Serial Set: Chickasaw Trust funds. Letter from the Secretary of the Treasury, transmitting statements of the Chickasaw Trust funds. Follow this and additional works at: Part of the Indian and Aboriginal Law Commons Recommended Citation H.R. Exec. Doc. No. 57, 32nd Cong., 2nd Sess. (1853) This House Executive Document is brought to you for free and open access by University of Oklahoma College of Law Digital Commons. It has been accepted for inclusion in American Indian and Alaskan Native Documents in the Congressional Serial Set: by an authorized administrator of University of Oklahoma College of Law Digital Commons. For more information, please contact

2 32d CONGRESS, 2d Session. [HO. OF REPS.] Ex. De!::. No. 57. CHICKASAW TRUST FUNDS. LETTER FRO!\f THE SECRETARY OF THE TREASURY, TRANSllflTTING Statements of the Chickasaw trust funds. FEBRUARY 22, rdered to be printed. TREASU DEPARTMENT, February 18, Sm: Herewith are transmitted the statements of the accounts of the Chickasaw trust funds for the years 1851 and 1852, (the statement for 1851 was not sent last year, in consequence of a change made in th~ investments of the fund, which, at the time for making the report, was incomplete,) in compliance with the third section of the act entitled " An act to carry into effect the treaties concluded by the Chickasaw tribe of Indians, on the 20th October, 1832, and 24th May, 1834." The balance to the credit of the general fund on the 1st January: 1851, (Ex. Doc. No. 41, 31st Congress, 2d session,) was... _.... _..... _. _... $14, Interest on stocks.. _.. _.. _.... _ $79, Repayment.. _.: , , , Deduct disbursements._.. _... _ , Balance to the credit of the fund , =:-:::::::-.=-_ -_ -_ -_-_- The accounts of the orphans and incompetent Chickasaws for the same year are numbered 2 and 3. The balance to the credit of the orphan fund being $906 76; incompetent, without change since the Ex. Doc. No. 41, before referred to. On the 1st January, 1852, the general fund had a balance to its credit of _ Interest on stocks $77, $3,959 51

3 2 H. D~c. 57. Amount appropriated to make good the defalcation of Capt. R. D. C. Collins... $45, Proceeds of land sales , $127, , Deduct disbursements. _.. _... _ , Balance to the credit of the fund , The orphan fund had a balance to its credit, 1st J anuary, 1853, of $ ; incompetent, without change, as will be seen by reference to Statements 4 and 5. The sales of land for the years 1851 and 1852 amount, respectively, to $5, and $6, (Statement A.) The receiver of public moneys at Pontotoc, Mississippi, reports in his hands, from land sales, December 31, 1852, $3, On the 1st October, 1851, an arrangement was mad& to exchange $65,000 Alabama 5-per-cent. bonds, redeemable in 18o2; $250,000 ditto, redeemable in 1865 ; and $500,000 ditto, redeemable in 1866 ; in all, $815,000, for 6 p cent., as follows: Tennessee State bonds..._._..... $104,000 Missouri... _.. do _ ,000 Richmond and Danville Railroad Company, guarantied by the State of Virginia._ _._ ,000 Nashville and Chattanooga Railroad Company, guarantied by the Stare of Tennessee... _._._... _._ ,000 United States 5 per cent. loan of _. _..... _ Together amounting to... _ ,100 T_he Alabama bonds were exchanged at the rate of 94 per cent., with the mterest on $65,000, and $250,000 from the 5th May, 1851, and on $500,000 from the 2d June, The annual interest on the $766,000 6-per-cent. bonds and $100 5-per-cent. United States loan certificate received in exchange for the Alabama bonds is. $45,965 And the annual interest on the $815,000 of Alabama 5-percent. bonds was.... _. _ ,750 '" Leaving a difference of... _. _.. _. 5,216 p~r annur~ from increase of interest in favor of the fund. At the prea m1~m which the above six-per-cent. bonds bear in the stock market, their current cash value would be more than equal to the par value of the labama_ bonds given in exchange for them, besides the aclyq,ntage of the above rncrease in the annual amount of interest. One hundred and twenty-five thousand dollars of T ennessee 5-percent. bond" became due 1st January, 1853, which amount was paid off by that tat, and, agreeably to the act of Congress of 11th September, 1 41, can only be invested in United States stock, and, by the terms of the treaty, by order of the President, by and with thf' advice and consent of the Senate. The subject has been brought to the atten-

4 H. Doc tio~ of the Senate by the President, and the department is awaiting the action of that body. A statement of the investments for the benefit of the Chickasaw Indians accompanies this report, marked B. All of which is respectfully submitted: THO. CORWIN, Secretary ef the Treasury. Ron. LINN Bovn, Speaker of the House of Representatives. S:t~tement from January 1 to December 31, 1851, ef account for carrying into effect t1~eaty with Chickasaws ef October 20, 1832, per act April 20, 1836 D~ C& A. Holland... J..J. Miller Same... V. Peels J. J. Miller B. H. Epperson W. C. Larrabee A. Bond W. Lo\vrie J. J. Miller Same....J. J. Wilson... ~.....J. J. Miller Same Same A. Bond W. C. Larrabee J. J. Miller J. J. Wilson W. Bond J. Drennen A. Holland A. Bond J. J. Miller Balance $ , , , , , , , ]18, , U8, Balance Appropriation Same Same......, Chickasaw nation..... Appropriation.... Same Same Same Same Same Same Same Same Same Same $14, , , , , ,750 uu , , , , , , , , No. 2. Statement from January 1 to December 31, 1851, c!f account of Chickasaw DR. orphans, (art. 8, treaty of July 1, 1834.) CR. H. R. Pitchlynn $ Balance , Balance Appropriation Same $1, ,120 68

5 4 H. Doc. 57. No. 3. Statement from January 1 to December 31, 1851, of account of incompetent Chickasaws, (art. 4, Chickasaw treaty.) C D R. R. Balance.. I $3, Balance... I $3, l TREASURY DEPARTMENT, Register's office, February 11, I certify the above statements of the Chickasaw trust fund to be correct transcripts from the books in my office. N. SARGENT, Register. Hon. THoiuAs CoRwrN, Secretary of tlie Treasury. Statement from January 1 to December 31, 1852, of account for carrying into effect treaty with Chickasaws of October 20, 1832, per act April 20, A. Bond H. R. Pitchlynn E.W. Sehon.... Do.... W. l,owrie C.E. Mix..... Do.... Do A. Bond R. Orne.... E.W. Sehon A. Bond _..... P. H. Raiford... _... _ _. J. J. Miller E. W. Sehon. _... _.... Balance $ , , , , , , ,044 4:-J 2, , , , Balance Appropriations Do Do... Do Do.. Do..... Do.. Do Do Do. Do Do. - Do $3, , J.0, , , , , ,125 Ot> 1, , , ,592 6S , , No. 4. S tatement of Chickasaw orphans, January 1 to December 31, 1852, ( art. 8, treaty July 1, 1834.) Da. H. R. Pit<:hlynn me Balance $ Balance Appropriation $

6 H. Doc No. 5. Statement of incompetent Chickasaws from January 1 to December 31, 1852, ( art. 4, treaty per act April 20, 1836.J DR. CR I... II Balance. -I $3, TREA SURY DEPARTMENT, Register's Office, February 11, I certify the above statements of the Chickasaw trust fund to be correct transcripts from the books in my office. N. SARGENT, Register. Hon. THOMAS C0Rw1N, Secretary of the Treasury. A. Statement of the sales of land in the Chickasaw cesswn wz the years 1851 and When sold. Acres. Amount January February.... March.... April... May...;.. June July... August September Octo her November December i~i~~r:r;;:::: :::: _-_-_-_-_-.-:::::: :::: : ::: :::: March April May June July August September.... _ October _ November -~ December.. _ _ _.. _ , , , , , , , , , , , , , , , , , , , , $ , , , , , GENERAL LAND OFFICE, February 9, 1853.

7 6 H. Doc. 57. B. Description and amount of stocks held by the United States in trust for the Chickasaw Indians. Description. Amount. Rate of interest. When redeemable. Tennessee bonds $66, ! per cent Ohio bonds , do Indiana bonds , do Do , do Arkansas bonds , do Illinois bonds , do Maryland bonds , do Do , do Maryland certificates , do Do , do... ]890 United States loan, , do Do , do Do , do Do , do Tennessee bonds , do... ]890 Missouri bonds , do Richmond and Danville Railroad Company, guarantied by the State of Vkginia , do... ]876 N ashville and Chattanooga Railroad Comp'y, i 391, do guarantied by the State of Tennessee. 121,0QO do United States loan, do Total ,549,269 40