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Obligations to the nation collectively.
The Second Auditor, to John Ross, -- "it not being intended," as says the Indian Department, and also the Second Auditor in closing the charge on the 10th of February, 1842, -- "it not being intended that accounts showing its expenditure, were to be rendered by Mr. Ross, or the delegation." As for what is termed the "Old School Fund," and set down at fifty one thousand one hundred and thirty eight dollars, I presume that this is the fund arising from reservations sold for the Cherokees by the United States and invested as a trust fund for Cherokee Schools in pursuance of the sixth article of the Treaty of February 27th, 1819, directing its investment in the stock "most advantageous to the Cherokee Nation." All I can learn of this fund is, that it was invested as follows: In 1833 $42,490 in Maryland 6 percent, at par value $41,138: - In 1837 19,000 in Missouri 3-1/2 perct, at par value 10,000: - $52,490 purchased stocks to the amt of $51,138: - Would not the interest of these stocks, if computed from the time of their investment, amount to between eighteen & twenty thousand dollars? I can find no account of such interest, but have heard it conjectured that it has gone to the Choctaw Academy. Thus, of the five millions, three hundred