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-61- ments abandoned and
for the removal of their dead. We had a
general discussion in regard to the
first payment that will be made. We discussed about the first payment
and
decided that each Indian should receive $200.00, so we have placed it
before you
to hear if you will accept our proposition, and to figure up how much
money we will
receive for the balance of the fourteen years after the first payment. That is one matter that we want you to
consider. We want $3,000 for the first
payment, and the balance, $700,000 to be paid in fourteen years after
that. This would also make the payments
one year shorter than what your proposition is. As
soon as we hear what you have to say to our last proposition
we will have something more to say to you. Mr.
McLAUGHLIN:- I am very
much pleased we are so near agreeing, and I wish to reply
to the
question of my friend. His desire is
for a larger first payment. I considered that matter well before making
you
that last offer and I reached the conclusion that this amount of
payment was
best for you. My offer for the first
payment is just one-fourth of the entire purchase price, the remainder
to be paid
in fifteen annual installments. Now if
you will consider you will see the disproportion of what you are thus
to
receive with that you are to receive during the following fifteen years. It would not be to your interests to receive
any more of the money the first year than what I propose.
In offering you $260,670 in my first proposition
I was simply getting rid of that odd money, the odd dollars. But when I
increased the price of your land, nearly $35,000, I then had to make
different
calculations for the annual payments. My friends, if there
is any one thing that will
be more of a stumbling block than any other in the ratification of this
agreement it will be the large first payment. You
will remember when you
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