li 1 .u .Menominee Treaty.Oar surmises have proved correct. Samuel Medary, Esq., of the Indian Bureau* not only visited the Menominee payment for the purpose of attempting a treaty with those Indians, but has actually effected one —one, too, highly favorable to both parties.We did not see Mr. M. on his return, but learn that the following are the main features of the treaty 2 For their lands in ibis state, the government pays the Menoin-inccs $350,000, and 000,000 acres of land west of the Mississippi~$50,0C0 to be paid to defray the expenses of. their removal, but cif the balance they are to receive none until the expiration of the present annuities, eight years hence. This balance ($300,000) the government has the option of paying cither in money or in the erection of mills, 6chool houses, mechanic shops, farming implements, kc., kc.We are somewhat surprised to hear that the claims of the traders were not recognized by the government, nor provision made for their payment. Many of these claims were jnst, and should, we think, have been assumed by the government.Of the payment we have heard nothing, farther than that a strong guard was set around the pay ground, and the sale of liquor upon it successfully inhibited.