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1 Fred Dickinson Letts, To Authorize the Creation of Indian Trust Estates 1 (1929)

handle is hein.amindian/autcri0001 and id is 1 raw text is: 70TH CONGRESS HOUSE OF REPRESENTATIVES REPORT 2d Session jiNo. 2355 TO AUTHORIZE THE CREATION OF INDIAN, TRUST ESTATES FEBRUARY 4, 1929.-Referred to the House Calendar and ordered to be printed Mr. LETTS, from the Committee on Indian Affairs, submitted the following REPORT [To accompany S. 42221 The Committee on Indian Affairs, to whom was referred the bill (S. 4222) to authorize the creation of Indian trust estates, and for other purposes, having considered the same, report thereon with a recommendation that it do pass with the following amendments: Page 3, line 5, strike out taxation,. Page 3, line 8, after the word Interior, insert the words or any beneficiary or beneficiaries under the trust, and strike out the word sole. Page 3, line 23, strike out the comma after the word trust where it first appears and all to and including be in line 1 of page 4, substituting therefor it is found that said trust is created in viola- tion of any of the provisions of this act it shall be the duty of the Attorney General. The said bill (S. 4222) herein reported is an identical copy of House bill H. R. 7204, as amended by the Committee on Indian Affairs of the House of Representatives and as reported by said committee on April 21, 1928. The report of the Senate Committee on Indian Affairs on S. 4222 is in substance the report of the House Committee on H. R. 7204, and the matter therein stated does not require repe- tition nor much in the way of explanation. Reference is made thereto as stating the views of the House Committee on Indian Affairs. Such Senate report reads as follows: This legislation is suggested by the Indian Bureau. The necessity for it arises out of the fact that we now have quite a number of Indians who have to their credit large amounts of money. The bureau is not equipped to do an investment business. When it was created nobody supposed that the time would come when it would be called upon to invest large sums of money for the Indians. It has developed that the fiscal affairs of the wealthy Indians consumes a large part of

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