Treaty of October 24, 1816
The Treaty of October 24, 1816, known as the Treaty with the Choctaw at the Choctaw Trading House, formalized a land cession between the United States and the Choctaw nation. The Choctaw ceded lands east of a specified boundary in exchange for annual payments of $6,000 for twenty years and an immediate merchandise payment of $10,000. The treaty was signed in open council, with representatives from both sides, and was ratified by President Madison on December 30, 1816.