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Updated: May 27, 2025
Colonel Boone Acquires Squire Wright's Enmity. In 1861, however, Judge Wright of Indiana, a member of Congress during Boone's administration as Indian Agent, brought his dissipated son to Colonel Boone's. Colonel Boone told the Congressman to leave him with him and he could clerk in the Government store and issue the Indian annuities.
They are peaceable, have no annuities, receive no assistance from the government, and are wholly self-sustaining. These Indians have never been collected upon a reservation, nor brought under the immediate supervision of an agent.
The annuities for lives, too, which had been granted as premiums to the subscribers to the new loans in 1757, estimated at fourteen years purchase, were valued at £472,500; and the annuities for long terms of years, granted as premiums likewise, in 1761 and 1762, estimated at twenty-seven and a-half years purchase, were valued at £6,826,875.
"I have had more than fourteen hundred Indians on visits from all Sections of this Agency during the Month past and all with Grieveances of Some Sort to redress", wrote Taliaferro on June 30, 1838. In all matters concerning lands, hunting, treaties, annuities, and the like, the Indian looked only to the agent for advice or explanation.
All those whose names were not upon the list of rich speculators, and who could not tell what became of the shares not yet deposited, hastened to dispose of all they retained. The "System" wholly disappeared in November, 1720, one year after its greatest credit. All the notes were converted into annuities or preferred shares, and all the shares were deposited with the company.
Besides those two methods of borrowing, by anticipations and by a perpetual funding, there are two other methods, which hold a sort of middle place between them; these are, that of borrowing upon annuities for terms of years, and that of borrowing upon annuities for lives.
Immediately following it, the Comanches and Kiowas came to Fort Larned to receive their annuities, expecting to get also the arms and ammunition promised them at Medicine Lodge, but the raid to Council Grove having been reported to the Indian Department, the issue of arms was suspended till reparation was made.
The national creditor hastened to get rid of irredeemable annuities a national stock which paid five per cent. in order to buy shares which might pay ten per cent.
And that they wished to erect a house of worship in their midst, in which they might do their oblation to the Great Spirit, and that if they embraced the gospel they would have annuities from the government, to all of which the simple people of the forest made their assent.
Should the Indian intermarry with a white woman, the receipt of his interest-allowance is not affected or disturbed thereby, the wife coming in, as well, for the benefits of its bestowal; but should, on the other hand, an Indian woman intermarry with a white man, such act compels, as to herself, acceptance, in a capitalized sum, of her annuities for a term of ten years, with their cessation thereafter; and entails upon the possible issue of the union absolute forfeiture of interest-money.
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