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Show REPORT OF THE COMMISSIONER OR INDIAN AFFAIRS. 95 had been submitted, but before they were notified of their disap-proval; the Northland Pine Company had proceeded under two contracts, W. C. Gilbert under five, A. Y. Merrill under three, the J. Neils Lumber Company under one, Robert Jarvis under two, and Henry King under eight. As it was shown that it had been the custom of the lumber companies to begin cutting timber as soon as t.heir contracts were submitted to the agent, the Office, on the 31st of last May, authorized the special agent in charge of the agency to settle with the lumber companies, with the result that the prices were somewhat increased. On July 26, 1906, the special agent reported that most of the tinl-ber covered by the 361 contracfs approved prior to June 30,1905, and the 21 contracts approved during the last fiscal year had been cut during the year and that there had been received from its sale $74,100.54. The proceeds are deposited in the First National Bank of Cass Lake and the Second National Bank of St. Paul, Minn. The Cass Lake Bank and the First R'ational Bank, of Crookston, Minn., have been selected as places of deposit for these funds, and they will be required to give bonds guaranteeing their faithful accounting for all moneys deposited with them arising from the sale of timber on allotted lands under the Leech Lake Agency and the rate of interest agreed to be paid. The Cass Lake Bank has agreed to pay interest at the rate of 2+ per cent per annum on average daily bal-ances and 3 per cent on six months' deposits, and the Crookston bank has agreed to pay 3 per cent on daily balances and 4 per cent on six months' deposits; in both cases the interest is to be credited on daily balances at the end of each month an'd on time deposits at the ex-piration of the time limit. The history of the blown-down timber on the Red Lake Dimin-ished Reservation in Miiesota has been fully given in previous re-ports. As not all of this timber had been cut during the three pre-vious seasons, operations were renewed during the season of 1905-6 in accordance with the regulations prescribed by the President on September 3, 1902, under the act of February 16, 1889 (25 Stat. L., 673). The special agent in charge reported July 21, 1906, that 6,905,410 feet of white pine were sold for $46,709.74, and 7,480,640 feet of Norway for $17,985.34, to which should be added $26.10 received for 4,350 feet of oak, at $6.50 per thousand, and one-half the cost of scaling, $600; making the aggregate amount received $95,321.18. From this are to be deducted the salaries and expenses of scalers and inspectors, $2,655. The net proceeds, therefore, were $92,666.18, which have been deposited to the credit of the Treasurer of the United States. Menom'nee Reserzrati0n.-The act of June 28, 1906 (34 Stat. L., 547), authorizes the Secretary of the Interior to permit the business |
