The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-02-15

FORMER alee 10 pay " the latter the sum OF fifteen
million dollars in gold or silver coin at the treasury at
Washington; one fifth Of the amount on the exchange
OF ranhcahons OF the present treaty at Washing
ton, and the remaining fourffths in monthly install
mems OF three millions each, with interest at the rate
OF SIX per cent per annum until the whole be paid,
the government Of the United States reseryinQ the
right to psy up the sum Of fifteen millions at an ear
lier date as may be to her convenient
The United states also agree to assume all the
claims Of their citizens, Of whatever right, title or
foundation which may have arisen since the date Of
the signature Of the treaty of Guadalupe, or which
may not have been provided for therein, or of any
corporation, company, or citizens Of the same in
GLIDING the claim of the called concession TO Ca
ray, whose lawful existence Mexico does not recog-
Mise even as implied thus extinguishng this among
the ether claims OF citizens of the United States
against the republic Of Mexico; said United
States obfgating themselves not to make any
payment on account of the 50 called con-
cession to Garay without having previously
delivered to the agent Of the Mexican government
accredited at Washington all the evidence and docu-
ments used by the holders Of said concession ia es
tabshDg their rights and claims legally relinquish.
ed in favor OF Mexico by such holders and clamants:
and it is agreed in the reciprocal release of oh.
legations that the Mexican government exonerates
the United States Of America from all claims of
Mexico or Mexican citizens which NAV have arisen
since the date OF the treaty Of Guadalupe 40 that
each government, in the most formal and effective
manner, shall be exempted and exonerated of all OBJ
legations to each other respectively whether ef them.
selves or In behalf Of their respective citizens, up to
the date Of the signature of the present treaty.
Art L. The government Of the United States
shall organize Board of Commissioners which shall
meet in the city of Washington or at Mexico as the
President OF the United States may direct within
one year from the date Of the exchange Of the rat
acatons Of the treaty for the purpose of examining
and deciding the claims assumed by the United
States in the preceding article, according to the
principles OF Justice, the Law Of nations and the
treaty in force between the two governmental and
whose awards shall be final and conclusive; and the
United States, exoneratng Mexico from all demands
on account OF the claims OF their citizens conedera
tons mentioned in the preceding article, ard con.
sderjng them entirely and forever cancelled what
ever their amount undertake to make satisfaction
for the same IN Q sum not exceeding five million OF
dollars. And II for the purpose of diseharging their
duties the Board OF Commissioners should meet Ia the
capital OF the Mexican republic, the government Of
the same will afford all necessary protection for the
continued pacific exercise of its functions and will
extend every facility in the furnishing to the com
missioners and claimants all such documents estab
fishing their rights as they may require and which
may be within the extent Of its reach ts suooIy.
Art. s. The provisions of the sixth and seventh
articles Of the treaty OF Guadalupe Hidalgo having
been rendered pugatory for the most part by the