THE McALESTER CAPITAL
THE INDIAN LANDS
March 22, 1896
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Submitted by Mollie Stehno Shoop@tanet.net
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March 22, 1896-The McAlester Capital-The consideration for the
bill for the ratification of treaties between the government
commissions and various Indian tribes, for relinquishment of 
their lands, by the House Indian Affairs committee resulted in
a determination by the committee of a new policy regarding certain
features of such agreements. One of these will be to require 
settlers on lands purchased or otherwise acquired from Indians, 
to reside on the land taken from them, for a period of three years 
instead of fourteen months, as now, with the privilege thereafter 
of paying a certain amount and obtaining title. This, the committee 
believes, will not work any injury to honest settlers, but will be 
for their bester interests.  It was also decided to hereafter 
limit to four percent annually, the interest to be paid by the 
government on deferred payments for lands secured from Indians.  
The committee believes this is ample interest especially as it 
can borrow money at a lesser rate.