ÆäÀÌÁö À̹ÌÁö
PDF
ePub

officials to the order of Mr. Fish, as Secretary of State, it was delivered to the latter on the 9th of September. By Mr. Fish it was indorsed over to the Secretary of the Treasury, and the payment was complete.1

We give here a facsimile of the certificate and its indorsements. By an act of Congress of March 3, 1873,2 it was provided that immediately upon the payment of the award the money should "be paid into the Treasury, and used to redeem, so far as it may, the public debt of the United States," and that an "amount equal to the debt so redeemed" should be "invested in the 5 per cent registered bonds of the United States, to be held subject to the future disposition of Congress," the object being to secure for the time being the advantage to be derived from substituting bonds drawing 5 per cent interest for outstanding obligations drawing 6 per cent. In execution of this provision the Secretary of the Treasury, when the coin certificate of $15,500,000 was delivered to him, issued to Mr. Fish a single bond of the funded loan for the whole amount. This bond, there being none engraved of the requisite denomination, was "elegantly written out with a pen, in exact similitude, ornamentation and all, with the engraved bonds of the same loan." A facsimile is here given of the face of the bond.

Expenses of the
Arbitration.

13

The total expenses of the arbitration amounted, on the part of the United States, to the sum of $249,168.41. This included the remuneration of counsel, who received $10,000 each, and expenses. It was held by the Court of Claims that the accounting officers of the Treasury possessed no authority to charge the expenses of the arbitration to the Alabama fund and deduct them from the awards rendered in favor of claimants by the Court of Commissioners of Alabama Claims.1

By Article VI. of the Treaty of Washington Failure to Request the high contracting parties agreed not only Accession to the to observe the three rules as between themselves in future, but also "to bring them to the knowledge of other maritime powers, and to invite them to accede to them." We have seen, however, that before the

Three Rules.

1H. Ex. Doc. 140, 44 Cong. 1 sess; Hackett's Geneva Award Acts, 175. 217 Stats. at L. 601.

3 Mr. Richardson, ex-Secretary of the Treasury, to Mr. Hackett, June 22, 1882, Hackett's Geneva Award Acts, 178.

4 Weld v. United States, 23 Court of Claims, 126.

[graphic]

FUNDED LOA

UNITED STAT

Hon.Hamilton Fish, Secretary of State, disposition of Congress as provided in the A IN THE SU

FIFTEEN MILLION FIVE HUND This Bond is issued in accordance with the provisions of an ACT NATIONAL DEBT, approved July 14.1870, amended by an Act approved. after the first day of May, A.D.1881, in COIN of the standard value of the from the day of the date hereof, at the rate of five percentum per annum in each year. The principal and interest are exempt from the paymen form, by or under State TaXKSFERABLE ON THE

E.B MacGr

[graphic]

DRED THOUSAND DOLLARS.

of CONGRESS entitled "An Act to authorize the refunding of the dJanuary 20.1871" and is redeemable at the pleasure of the UNITED STATES ne UNITED STATES, on said July 14.1870, with interest,in such COIN, ble quarterly, on the first day of February, May, August, and November, XES or DUTIES of the UNITED STATES as well as from Taxation in any al or Local authority.

THE NORRIS PETERS CO, PHOTO-LITHO, WASHINGTON, D. C

« ÀÌÀü°è¼Ó »