Iowa capitol reporter. [volume] (Iowa City, Iowa) 1841-1855, 1848-04-05

of these two modes OF payment it prefers
and the mode so elected by it shall be con
formed to by that of the United States.
First mode of payment. Immediately
after this treaty shall have been duly rat
flied by the government Of the Mexican
republic, the sum of three millions of dol
lars shall be paid to the said government
by that of the United States, at the city o
Mexico. For the remaining twelve mil
lions Of dollars, the United States shall
create stock, bearing interest at the rats
of six per centum per annum, commenc.
ing on the day Of the ratification Of this
treaty by the government Of the Mexican
republic, and payable annually at the city
Of Washington; the principal Of said stock
to be redeemable there, at the pleasure O
the government Of the United States, al
any time after two years from the exchange
Of Publications Of this treaty; six months
public notice of the intention to redeem
the same being previously given. Certifi.
Gates of such stock, in proper form, fol
such sums as shall be specified by tho
Mexican government, shall be delivered
and transferable by the said government
to the same by that Of the United States.
Second mode of payment. Immediately
after this treaty shall have been duly rat
flied by the government of the Mexican
republic, the sum of three millions Of dol
lars shall be paid to the said government
by that of the United States, at the city
of Mexico, in the gold or silver coin Of
Mexico. The remaining twelve millions
Of dollars shall be paid at the same place
and in the same coin,i in annual installments
of three millions of dollars each, together
with interest on the same, at the rate o.
six per centum per annum. This inter
est shall begin to run upon the whole sun
of twelve millions from the day of the rat
ification of the present treaty by the Mex
lean government, and the first OF the in
stalments shall be paid at the expiration
of one year from the same day. Togethe,
with each annual instalment as it falls due
the whole interest accruing on such in
stallment from the beginning shall also be
paid.
Certificates in the proper form for the
said installments, respectively, in such
sums as shall be desired by the Mexican
government, and transferable by it, shall
be delivered to the said government by
that of the United States.
IN. B.-The first of these modes is re.
jected. The latter is adopted, with the
exception of the last paragraph within thu
5rackets.) .r ~ 81
ARTICLE XIII. vs rs
The United States engage, moreover
to assume and pay to the claimants all the
amounts now due them, and those hereaf:
ter to become due, by reason of the claims
already liquidated and decided against the
Mexican republic, under the conventions
between the two republics, severally con-
Guided on the eleventh day of April, eigh-
teen hundred and thirty-nine, and on the
thirtieth day of January, eighteen hundred
and forty-three; so that the Mexican re-
public shall be absolutely exempt for the
future, from all expense whatever on &C
count of the said claims.
ARTICLE XIV.
The United States do furthermore dis
charge the Mexican republic from all
claims of citizens of the United States, not
heretofore decided against the Mexican
government, which may have arisen pre-
viously to the date Of the signature of this
treaty; which discharge shall be final and
perpetual, whether the said claims be re-
jected or allowed by the board Of commits
sioners provided for in the following arti-
Gle, and whatever shall be the total amour,
of those allowed. ....r .... ,..t..
ARTICLE XIV. ". sa..
The United States, generating Mexico
from all demand on account of the claims
of citizens, mentioned in the preceding ar
ticle, and considering them entirely and
forever cancelled, whatever their amount
may be, undertake to make satisfaction for
the same, to an amount not exceeding three
and one quarter millions of dollars. To
ascertain the validity and amount of those
claims, board of commissioners shall be
established by the government of the T.
nited States, whose awards shall be final
and conclusive; provided, that in deciding
upon the validity of each claim, the board
shall be guided and governed by the prin-
ciples and rules of dccisio prescribed
by the first and fifth articles of the unrat-
flied convention, concluded at the city Of
Mexico on the twentieth day of Novem-
Der, one thousand eight hundred and for
ty-three; and in no case shall an award be
made in favor of any claim not embraced
by these principles and rules.
If, in the opinion of said board of commits
sioners, or of the claimants, any books,
records or documents in the possession OF
power of the government of the Mexican
republic, shall be deemed necessary to the
just decision Of any claim, the commits
sioners, or the claimants through them,
shall, within such period as Congress may
designate, make an application in writing
for the same, addressed to the Mexican
Minister for Foreign Affairs, to be trans
mitted by the Secretary of State for the
United States; and the Mexican govern
ment engages, at the earliest possible mo-
ment after the receipt Of such demand, to
cause any of the books, records, or docu-
ments, SO specified, which shall be in their
possession or power Cor authenticated
copies or extracts of the same be trans
mitted to the said Secretary of State, who