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.”3 A facsimile is here given of the face of the bond. Expenses of the 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.* Three Rules. 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 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. FUNDED LO UNITED STAT Hon Hamilton Fish, Secretary of State disposition of Congress as provided in the IN THE S FIFTEEN MILLION FIVE HUN This houd is issued in accordance with the provisions of an Ac NATIONAL DEBT, approved July 141870, amended by an Act approve after the first day of May, A.D.1881, in COIN of the standard value of 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 paymer form, by or under State, TRANSFERABLE ON THE 5% 15 500 000 15 500 000 15.500.06 15 500 000 15.500.000 15.500.000 15.500.000 ACT OF JUL FUNDED LOAN FUNDED LOAN FUNDED LOAN FUNDED LOAN FUNDED LOAN FUNDED LOAN UNDED LOAN FUNDED LOAN AN OF 1881 May ES AMERICA trust to be held subject to the future ct approved March 3.1873. Chap.CCLXT. M OF ECONGRESS entitled "An Act to authorize the refunding of the January 20.1871" and is redeemable at the pleasure of the UNITED STATES 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. PHOTO-LITHO WASHINGTON DC |