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fully adequate to meet all the losses actually sustained, which, however, are subject to the reservations mentioned in our First Report:

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The reservations to which we have above referred are the follow

ing:

I-The question whether Great Britain is liable for any of the losses which are the subject-matter of these claims, and, if for any, for which of them, is a question with which we have not been concerned; and, keeping clear of what was not within our province, we have studiously confined ourselves to the task of sifting and analyzing the claims, and of ascertaining what in our opinion ought, according to well-recognized principles of jurisprudence, to be considered adequate compensation for the losses occasioned by each of the Confederate cruisers.

II. The data which the statement of claims applies are, in several material respects, so scanty and so imperfect that we do not pretend to have estimated the allowance for each particular claim with complete accuracy, but we believe we have shown that there are valid and strong grounds for concluding that, if ever these claims come to be thoroughly sifted and examined, our estimate will be found to be in all respects a very liberal estimate.

NOTES.

I. There is one consideration to which it may be proper for us to direct attention, viz, the value of the "currency" dollar as compared with that of the "gold" dollar. We have no doubt that the claims comprised in the statement are made in the "currency" dollar, and it appears from the claim in the case of the Morning Star (p. 48 of this Report) that the value of that dollar may be taken to bear to that of the gold dollar the ratio of 5,614 to 7,744. In reducing the total amount of our estimate of allowances into "gold" dollars it must be borne in mind that so far as it relates to the claims for ships, freights, and damages it has been made in "gold" dollars, and therefore that it is only necessary to reduce the estimate in respect of cargoes and personal effects into the same currency. The total amount of our estimate of all the losses alleged to have been sustained, when thus reduced into gold dollars, may be converted into pounds sterling according to the proper rate of exchange, (which in some instances to be found in the claims has

Alleged captures.

JUNE 8, 1872.

been assumed to be $4.84,) and it will be found in all probability to be considerably less than £1,600,000.

II. We have appended to this report Table IV, which shows the values put by Captain Semmes on the prizes he captured, and inasmuch as the captor generally considerably over-estimates the value of his prizes, we think that this table may throw some light which may prove useful on the nature and extent of the claims advanced for losses alleged | to have been sustained by the Alabama captures.

ARTHUR COHEN. SIDNEY YOUNG.

TABLE No. 1.-Showing progressive increase in the amount of claims for losses incurred through the respective cruisers as stated at different periods.—(See report, pp. 316-318.)

Original List, 1866.

United States
Amended List,

1869.

Revised State

Former Statement
November, 1871. ment, March, 1579,

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TABLE NO. 2.—Showing the result of the corrections and re-appropriations of the claims and the corresponding allowances in summaries Nos. 1, 2, and 3 of " First Report," in accordance with our remarks, (Present Report, pp. 335-338.)

SUMMARY (No. 1.)-Classes (corrected and re-arranged as per Report.)

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TABLE NO. 2.-Showing the result of the corrections and re-appropriations, &c.—Continued. SUMMARY (NO. 2.)-Interests (corrected and re-arranged as per Report.)

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TABLE NO. 2.—Showing the result of the corrections and re-appropriations, &c—Continued. SUMMARY (No. 3.)-Cruisers (corrected and re-arranged as per Report.)

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42,000
25,000

(a) This has been reduced by withdrawal from claim of the Altamaha of the sum of. $15, 450
(b) This has been reduced by withdrawal from claim of the Avon of the sum of
(c) This has been reduced by withdrawal from claim of the Avon of the sum of
(d) This has been reduced by withdrawal from claim of the Emma Jane of the sum of.
(e) This has been reduced by withdrawal from claim of the Emma Jane of the sum of.
(f) This has been reduced by withdrawal from claim of four of the vessels detained
by the Shenandoah..

4,000
5,000

Showing in all deductions from

(h) This has been reduced by withdrawal from claim Betsy Ames (see p. 336)
(1) This has been reduced by withdrawal from allowance for Betsy Ames.
(k) This has been reduced by withdrawal from claim of Texana (sée p. 324).
(1) This has been reduced by withdrawal from the several allowances as mentioned
(at p. 335)

(g) This has been reduced by withdrawal from allowance for the vessels detained by the Shenandoah.

208, 996

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Claims
Allowances

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(m) This has. on the other hand, been increased by allowance for the Palmetto, (see p. 336).

7,000

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