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