Congressional Edition Volume 5063

Congressional Edition Volume 5063

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1907 edition. Excerpt: ... came to us a lot of checks and some deeds for lands that had been sold by the Indians, and I sent them all back, and we adopted the plan of making the Indian advertise his property, specifying it in detail. That advertisement was hung up in the office of the Indian agent, and was advertised for sixty days--that sealed bids would be received for sixty days from the date of putting up that notice. The result was that we got never less than two bids--of course we had to have competition--and sometimes we got as many as twenty bids. Senator Long. That was in the case of the Creek bids, was it not? The Secretary Of The Interior. Yes; but why should it not be so in the other case? I have here a memorandum showing the number of acres, the appraised value, the approved bids offered under regulations of July 10, 1903, and the price offered under previous sale. In one case, 121.90 acres, the appraised value of which was $3,660, the price offered, which we received and sent back to the Territory, was $2,559.90. We had as many as 12 or 14 bids for the same piece of property. There were eight different parcels of land of which the appraised value was $10,620. Under the "sealed bid" plan we got for them $21,429, and the price offered before we adopted the sealed bid plan was $12,893.90. The Chairman. Twelve thousand dollars was the amount bid before that? The Secretary Of The Interior. Yes. The average of those we accepted showed 50 per cent more than the price offered for those we sent back. We tried that plan also up in the Northwest in the sale of timber land. We were getting in bids for timber lands. Banks were started to provide the money and "round robins" came in. We adopted the plan I have described and got fully 50 per cent more

Product details

  • Paperback | 582 pages
  • 188.98 x 246.13 x 29.97mm | 1,029.65g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 123651940X
  • 9781236519405