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Show I of the bonds, these are to be increased immediately. The banks have been bonded as follows : City National Bank, Duluth, Minn_ --.--.._-----_$1.25.,0-00- .-..-.-----.-- First National Bank, Hudson, Wis ................................. 125, 000 First National Bank, Bayfield, Wis 50, OW Ashland National Bank, Ashland, Wis .............................. 175, 000 Northern National Bank, Ashland, Wis 190, 000 It will be observed that in some instances the deposits exceeded the bonds, but the July and August payments of $10 per month and other amounts allowed by this Office for improvements, etc., reduced the amount on deposit in any bank to less than the aggregate amount of its bonds. Nevertheless, in order to prepare for contingencies of this sort and for the next year's log,@ng operiltions, Sgent Campbell has been instructed to call upon the Hudson and Duluth banks for addi-tional bonds of $50,000 each and on the Rayfield bank for an addi-tional $25,000. Under the act of Febroary 12, 1901 (31 Stat. L., 785), and regula-tions of October 2, 1901, allottees on the Grand Portage are allowed to sell all the timber standing or fallen except the standing pine. The logging operations have been satisfactory, and the agent's report of May 28, 1906, shows that the money value of the timber cut from lands within the reservation during the last year was $10,512.42. This was paid out to the Indians as follows : . For stumpage .................................................... $1,873.85 For logging timber ............................................... 2,W0.00 For teams and white libor, logging timber. ........................ 2,000.00 For supplies and freight for logging camps ......................... 4,638.59 Leech Lake Agem9.-Regulations to govern the sale of timber on allotted lands under the Leech Lake Agency in Minnesota were ap-proved by the Department on June 2, 1904, authority for the sale of the timber having been granted by the ad, of April 21,1904 (33 Stat. L., 189). According to these regulations the purchaser of the timbrr on the ceded lands has the right to bug the timber on the adjoinin3 allotments at the same prices. Only 24 contracts covering timber on allotted lands were approved during the year: A. E Merrill, Minneapolis, Minn ....................................... 13 W. C. Gilbert, Grand Rapids, Minn ..................................... 7 Northland Pine Company, Minneapolis, Mlnn ............................. 1 On November 28, 1005, and later dates, the acting agent trans-mitted certain timber contracts, but after fully considering the sub-ject the Office concluded that the proposed prices were not the fill1 values of the timber, and on December 22 the contracts were disap-proved and returned to the acting agent, with instructions not to forward any more timber contracts covering allotted lands until further notice. It was afterwards found that certain contractors had cut timber on lands covered by these contracts after the contracts |