By the 1920s, Fred Gentner Drummond was deeply embedded in Osage financial affairs. His store extended credit to Osages. He administered the estates of many of these same Osages – approving big debt repayments from them to his own store. But Fred Gentner and his brothers had another lever – a way to make Osage money work for themselves, and their friends. Hear how it worked, and how one Osage man fought back. Learn more and see bonus material from the episode at https://bloom.bg/3BWIAxF. 

By the 1920s, Fred Gentner Drummond was deeply embedded in Osage financial affairs. His store extended credit to Osages. He administered the estates of many of these same Osages – approving big debt repayments from them to his own store. But Fred Gentner and his brothers had another lever – a way to make Osage money work for themselves, and their friends. Hear how it worked, and how one Osage man fought back. Learn more and see bonus material from the episode at <a href="https://bloom.bg/3BWIAxF">https://bloom.bg/3BWIAxF</a>.

A hundred and fifty years ago, the Osage Nation bought a stretch of prairie the size of Delaware, in what's now Oklahoma. The Osage owned the land and everything beneath it. Today, much of present-day Osage County has left Osage hands. In some cases, appropriation was swift and brutal: Dozens of Osages were murdered for their share of lucrative mineral rights to this oil-rich land, a period often referred to as the Reign of Terror. But other transfers of wealth played out more subtly—dollar by dollar and acre by acre, over decades—helped along by policies created by the US government.

Learn more and follow our listener guides at bloomberg.com/intrust.

A hundred and fifty years ago, the Osage Nation bought a stretch of prairie the size of Delaware, in what's now Oklahoma. The Osage owned the land and everything beneath it. Today, much of present-day Osage County has left Osage hands. In some cases, appropriation was swift and brutal: Dozens of Osages were murdered for their share of lucrative mineral rights to this oil-rich land, a period often referred to as the Reign of Terror. But other transfers of wealth played out more subtly—dollar by dollar and acre by acre, over decades—helped along by policies created by the US government. Learn more and follow our listener guides at <a href="http://bloomberg.com/intrust" data-stringify-link="http://bloomberg.com/intrust" data-sk="tooltip_parent" data-remove-tab-index="true">bloomberg.com/intrust</a>.

In Trust

The Guardianship

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/de733c65-7295-4322-b3de-af1501376e5a/transcript

Advertisement