Chief Canassatego spoke as follows:
YESTERDAY you spoke to us concerning the Lands on this Side Potowmack River, and as we have deliberately considered what you said to us on that Matter, we are now very ready to settle the Bounds of such Lands, and release our Right and Claim thereto.
WE are willing to renounce all Right to Lord Baltimore of all those Lands lying two Miles above the uppermost Fort of Potowmack or Cohongoruton River, near which Thomas Cressap has a hunting or trading Cabin, by a Northline, to the Bounds of Pennsylvania. But in case such Limits shall not include every Settlement or Inhabitant of Maryland, then such other Lines and Courses, from the said two Miles above the Forks, to the outermost Inhabitants or Settlements, as shall include every Settlement and Inhabitant in Maryland, and from thence, by a North-line, to the Bounds of Pennsylvania, shall be the Limits. And further, If any People already have, or shall settle beyond the Lands now described and bounded, they shall enjoy the same free from any Disturbance whatever, and we do, and shall accept these People for our Brethren, and as such always treat them.
WE earnestly desire to live with you as Brethren, and hope you will show us all Brotherly Kindness; in Token whereof, we present you with a Belt of Wampum.
In payment, the Iroquois Nation received: Four Pieces of Strowds, Two Hundred Shirts, Three Pieces Half-Thicks, Three Pieces Duffle Blankets, Forty Seven Guns, One Pound Vermillion, One Thousand Flints, Four Dozen Jews Harps, One Dozen Boxes, One Hundred Two Quarters Bar-Lead, Two Quarters Shot, and Two Half Barrels of Gun-Powder.
"We know our lands have now become more valuable. The white people think we do not know their value; but we know that the land is everlasting, and the few goods we receive for it are soon worn out and gone."
The proceedings of the treaty can be read here, Lancaster Treaty. It is fascinating reading as you watch the cultures collide.