OCR Text |
Show cm for expediting action o Indian land sales, much time, money and work Is saved, t was declared at tho bureau of Indian affaire today About four months' Interest is Pav-od, Pav-od, as tho time for making the sales Has been reduced from about eight to four months Interest In tlx In-elan In-elan country, according t0 Indian officials, of-ficials, la charged at the rate of S per cent. The year's sale of Indian land amounts to approximately $37,-000,000. $37,-000,000. Pour months' Interest on this sum amounts to S0.nno. When too new system was put Into In-to effect about $750,000 Involved In pending sales was released from tho government depositories, where It was drawing no Interest, and placed In the channels of commerce. Much clerical work la also saved under tho new method, it 1b said. It Is also declared that th new system will result In more competition competi-tion and increased price for the Indian In-dian lauds. MONEY SAVED ON SALE OF INDIAN LANDS Waphlndon, Dt, 8. As the result of the Inauguration of the new ays- |