2022-07 Raynors HCA Auction
This lot is closed for bidding. Bidding ended on 7/16/2022
Unissued Bond of the Cherokee Company For The Formation of Settlements For The Cherokee in North Carolina Who Were Not Forcibly Removed In 1838. A bond collateral statment at left states: "55,000 acres of land, and $100,000 in claims on the United States, provided for under the CherokeeTreaty of 1835, owned by the Company, pledged for the payment of the bonds, the total amount issued by regulation of the Company never to exceed $25,000." The General Assembly Act of January 10, 1845 resolved the Cherokee Indian claims of those remaining in North Carolina following their Mass expulsion in 1838. Following the Cherokee’s removal to Oklahoma, known as “the trail of tears”, a few hundred Cherokee remained in the state. Cherokees in North Carolina could not own land. Through their agent and, William Holland Thomas (1805–1893) who was their chief appointed byYonaguska,the North Carolina settlements of Cheoah and Quallatown were incorporated as the Cherokee Company to protect these lands for Cherokees who did not want to remove to the Indian territories of the far west. An interesting piece of Native American history.
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