noon
It is said that the real estate boom of Minneapolis and the gold craze of Deadwood were psychological trivialities compared with the sudden great boom in betting that set in during the last week of June at the Black Hills ; and the only reason why the wagering cataclysm was less disastrous than it threatened to be was because it ended quickly . Fifty thousand dollars of treaty money was in the hands of Red Cloud and his people ; fifty thousand more went to the Cheyennes under Howling Bull . The ranchmen were ready with an equal sum , and Fort Ryan was not far behind . By noon the fifty thousand dollars had been distributed to the Indians ; by one o'clock every cent of it was put up on the race in equal bets . Who was to be stake holder ? How much was each stake to be held or awarded ? These were problems of some intricacy in view of the fact that the Indians could not read a word or trust any white man except the Indian Agent and Father Cyprian , the Jesuit missionary , both of whom declined to have any hand or part in the matter .