CHICKASAW TREATY

We understand the principles of the late treaty to be these:--The whole Indian territory is ceded to the United States; not one acre is reserved. The President is to have the country surveyed as soon as possible and to advertise and sell it at public sale in the same manner, and in the same terms in all respects as other public lands-the sale to be made as soon as the land can be surveyed. It is stipulated that the Chickasaws are to select for themselves, a country west of the Mississippi River, and if possible to move away before the first public sale of their lands.- Should they be unable to remove before that time, they are permitted to retain a tract of land for each family to live on until they fix upon the place of their future residence. It is expressly agreed however, that they will remove as soon as they can, and when they go, those tracts upon which they resided, shall be sold as the other lands are, all the Indian territory not now occupied by them, is to be sold, when surveyed.- No persons are permitted to move on the ceded lands, until the sales take place should any presume to do so, they will be driven off. The Chickasaws are to receive the net proceeds arising from the sale of the lands, deducting all incidental expenses connected with the survey and sale of the same. Three fourths of all the money derived from the land sales, are to be vested in stock at interest by the Gen. Government, for the benefit of the Chickasaw Nation, allowing them to use the interest, but never touch the principal reserving that as a fund for the use of the nation forever.- The ceded territory is about 100 miles square and the number of acres is estimated at 7,000,000.