Show PROPOSES INDIAN i PROPERTY TRUST TRUSI I Commissioner Suggests to Government Plan of Incorporation Incorporation In In Incorporation corporation for fOI Tribes JOINT STOCK COMPANIES Would Solve Problem and Gradually lf Hc I lace Hat n as Separate SeparateS I a lc S Social t Washington Nov XO IS 18 The future Im may see an I Indian tru trust t Francis Fl E E. D upp commissioner of II Indian lIan affairs af at- fairs a student of or for fot al almost almost almost al- al most twenty years cars suggests In lii his annual annual annual an an- nual report just made to lo the tho secretary of the Interior that a n plan llan of incorporation fOI for Indian tribes will solve many present ent problems and gradually dissolve ol c the Indian race as a separate social entity He hol holds s that if tr all th the members of tribe living and enrolled on a certain I tam tain fixed date dale could resolve e themselves themselves them them- selves Ives Into a Joint stock corp corporation I for fOI th the purpose of administering their common common c estate it would not only conserve conservo con- con servo serve their ther property Interests at largo large but clothe each beneficiary with that sense of personal possession which I among all races serves as an incentive incentive tive to l progress He would have the secretary of the interior ma made the perpetual perpetual per per- tl treasurer and transfer agent of the comp h Other cels cel's of oC the tho government to If IC it were ere deem deemed d' d de desirable desir- desir lr- lr able might 11 be he placed and I kept ept In Important Im Ira- lr 1 poi tant official positions in the directorate directorate upon which would servo ser a certain certain tam tain number of or the Indians themselves es The secretary of ot the Interior as tr treaSurer treaS- treaS amer a- a mor mer and transfer ag agent nt would have ha as now complete control of all aU negotiations ne no- Including both receipt arid and expenditure of money and transfers of or stock from hand han to hand hancl Ma Sell Moreover cr h he declares res the gen gen- cn- cn I eral law v of 01 Incorporation might provide pro pro- vide Id that In case an any stockholder wishes to w dispose of oC his interest and has the consent of oC the tIme transfer agent thereto h ho mu must t offer the fl first t option for COl its Hs purchase to the corporation I II I lf itself t. t el C The acceptance of oC such an nn offer would mean simply that this stockholders stockholder's rs r's shale shai-o of oC th th tribal property prop plOp crt ert erty of ot all sorts orts should be bC estimated at t. affair and ld o oy l hI ii fl v Jf g. g ft the C c. c pa fly rc regularly 1 J ii in Its own sl l Ot shams of or all who members till the final liquidation of or Its affairs would have havea a a. largely increased value But the gloat groat advantage e of or this thiN movement move move- mont ment would be bC that one CIne by hy one the stockholders would disappear and 1 with lib their severance of or relations from rom the company would go 0 also the tho last tie that bound government to them oven constructively as a n providential power We c should thus witness the gla gradual ual dissolution of or th the Indian race raceal as al a separate social entity nUl and amid tho the absorption of nf Its Il individual members into IntI nur UI ui Jr general body bod politic |