Show THE wealthiest PEOPLE the richest people per capita in the world are going to be even still richer through official action of secretary of the interior franklin K lane the osage indians wealth is estimated at i per capita in the indian office new leases running for live years and possibly until 1931 just approved by secretary lane will increase the average a annual income of more than 2000 allotted usages from between and f 1000 per annum the osage indians lands in oklahoma a are rich with oil gas and other minerals announcement was made at it the interior department that secretary lane has approved oil leases disposed of at the recent auction sale embracing lands belonging to this tribe thereby concluding the transactions in connection with new oil and gas leases covering acres of land that were included in the former so called foster lease which expired in march of this year the acres of land involved was held under the foster lease by about sub lesless in areas ranging from 40 to acres under this lease the tribe received one eighth royalty on the oil produced the land thus utilized embraced about one half of the area of the osage reservation the entire surface of which has been allotted to the members of the tribe in severalty severally under an act of congress however all oil gas and other minerals in the land are reserved to the tribe until 1931 unless otherwise directed erected by congress it is estimated mated that the annual income alto to the osage tribe under new oil and gas leases based on the same production as during the past year will aggregate at least in addition to the received in cashat recent sales as against about heretofore received annually under bunder the old lease |