Word: jicarillas
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...FORTUNE'S august list of the 500 largest U.S. industrial companies. Kirk Douglas, after 25 years as one of Hollywood's most backable stars, recently had trouble raising money for A Gunfight, a property with a strong screenplay starring himself and Johnny Cash (see CINEMA). Then the Jicarilla Apaches, a wealthy Indian tribe (gas leases and mineral rights) with a sophisticated investment policy offered to put up the entire $2 million. For once, it was the Indians to the rescue...
...Like almost half the movies made these days, Gunfight was financed outside Hollywood. But its backers were not ordinary investors. The Jicarilla Apaches, a tribe of about 1,800 New Mexican Indians with a substantial income from oil and gas investments, put up $2,000,000. Says Chief Charlie Vigil: "We consider ourselves a corporation like any other." The chief liked the idea of bankrolling Johnny Cash because he is one-fourth Cherokee...
...Crow and Blackfeet, Colorado's Utes and Utah's Uintah-Ourays, turn all funds over to tribal councils for community projects. Last year Colorado's Southern Ute tribe signed a contract with Blue Cross and Blue Shield for group medical insurance, while New Mexico's Jicarilla Apaches have been able to set up a $1,000,000 scholarship fund to give their youngsters a college education...
...Jicarilla Apaches of northern New Mexico seemed destined for extinction. A once proud and unruly people that were among the last to be "pacified" by the white man, they had sunk into a hopeless depression. They watched apathetically while opportunists from outside exploited their land, were so riddled by disease that their number had dropped to less than 600. Then the Bureau of Indian Affairs sent energetic Chester Faris to take over as superintendent. Faris had a way of handling his new charges. "I always made it a rule," says he, "never to tell an Indian what...