I am looking at the spring 2020 statement describing the income on Indian land in which I inherited an interest. In Title to Indian land, part one I said at a glance the statements seem to add up to less than the postage on the envelope.
Does a closer look bear that out? The spring 2020 statement has codes on it that I don’t understand (they probably just identify the tracts), but the accounting looks pretty simple. Let’s review the numbers in the CASH column.
Nine transactions are listed. The first is CASH 0.10 … the second 0.01 …
0.07
0.11
0.10
0.02
0.02
0.10
1.00
Out of that I could buy two Forever stamps.
The largest numbers are cumulative. A beginning balance is listed as 44.39, an ending balance as 45.92. I don’t know how long that $45 has taken to accrue. Years?
I’ve never seen a penny. Do they pay out when the accrual reaches a certain level? $50? $100?
The money is meaningless. Clearly. If there is meaning in this ownership share it is as evidence of heritage. Which I like.
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