This document, an unsigned copy drafted by Daniel Vanderslice, outlines the conditions of a $5000 loan taken from the U.S. government by Harvey W. and John W. Forman and John Pemberton. These men had already purchased land in what had become northern Doniphan County, founded the city of Iowa Point in 1854 on lands previously owned by Iowa Indians. The document also describes the conditions of a one-year trading license issued to John W. Forman, which stipulated that Forman must limit his trading to only certain areas and specific Indian tribes.