Indians of North America; Indians of North America -- Government relations; Indians of North America -- Legal status, laws, etc.
To a considerable extent this has already been effected. For not a few
tribes and bands provision has been made by law and treaty which places
them beyond the reach of serious suffering in the future, and which, if
their income be judiciously administered, will afford them substantial
assistance towards final self-support. Stocks to the value of
$4,810,716.83-2/3 are held by the Secretary of the Interior in trust for
certain tribes; while credits to the aggregate amount of $5,905,474.59
are inscribed on the books of the United States Treasury in favor of the
same or other tribes, on account of the sales of lands, or other
consideration received by the government,[J] making a permanent
endowment of nearly ten millions of dollars, the Indians sharing in the
benefits thereof numbering in the aggregate nearly eighty thousand.
Computing the average annual return from these funds at five and
one-half per cent, we should have an assured income of five hundred and
fifty thousand dollars a year, or about seven dollars for each man,
woman, and child. Moreover, most of these tribes have still large bodies
of lands which they can dispose of sooner or later, from which funds of
twice the amount already secured may by honest and judicious management
be realized; so that, taking these eighty thousand Indians as a body,
they may be regarded as having a reasonable assurance of funds yielding
an annual income of twenty dollars a head. Their general character and
condition being considered, this may be accepted as an amply sufficient
endowment, placing their future in their own hands, giving them all the
opportunities and appliances that could reasonably be asked for them,
and securing them against the calamities and reverses which inevitably
beset the first stages of industrial progress.
Public-domain text, read in full here on John Shaqi.
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