Archives International Auctions Auction 89 November 21, 2023

Archives International Auctions - The Huntsville Collection 19 November 21, 2023 Archives International Auctions Washington, D.C. & The Cherokee Nation Extremely Rare U.S. Federal Bond for the Purchase of the Cherokee Outlet in the Indian Territory, of the Territory of Oklahoma in 1894 29 29 U.S. Department of the Interior - “Cherokee Outlet”, Cherokee Nation Federal Bond Oklahoma, and Washington, D.C., 1894, $1000, 4 % Certificate of Ownership, Location of the “Cherokee Outlet” was a strip of land in Oklahoma territory. Specimen “Certificate of Ownership in 4% Indebtedness of United States of America, Due 1897”. Extremely rare and historic U.S. Federally related bond. Back has legend “It is hereby certified that the United States of America have agreed to pay the “Cherokee Nation” the sum of Eight Million, Three Hundred Thousand Dollars ($8,300,00)in five equal annual installments, a rate of four per centum per annum, in consideration of the purchase by the U.S.of A. from the Cherokee Nation of certain lands known as the “Cherokee Outlet.” The front of the bond has additional text “This indebtedness was incurred by the U.S.of A. for the purchase from the Cherokee Nation of certain lands known as the Cherokee Outlet under an ACT OF CONGRESS APPROVED MARCH 3rd, 1893 and has been purchased from the Cherokee Nation and assigned as per copy of certificate of the Secretary of the Department of the Interior endorsed hereon to the UNION TRUST COMPANY OF NEW YORK, which holds it as trustee. Vignette of Cherokee Indian on top title and bank building on left. Green border. Red specimen overprint, POC’s and “00000” serial numbers. AU to Uncirculated condition. Evidently, the Cherokee Nation did not want to wait for the annual settlement and took a discounted lump sum from R.T.Wilson & Company as factors. The amount of discount is not listed. U.S. Federal bond. ABNC, ����������������������������������������������������� Est. $2500-5000