New-York tribune., 1871-09-28
THE TREATY or WASHING TON.
THE COMMISSIONERS AT WORK.

WASHINGTON, Sept. N.-The Commissioners
under the Treaty Of Washington were busy to-day with
their respective oounselos and agents preparing rules
to govern their proceedngs At present their meetings
are private but 1t is supposed that having secured
rooms other than those they temporarily occupy ct
the Department Of State they will follow the example Of
all previous committees aud transact their business with
| open doors.
THE BRITISH COTTON BONDHOLDERS INTEND TO
PROSECUTE THEIR CLAIMS VIGOROUSLY
BEFORE THE WASHINGTON COMMISSION
CHARACTER OF THEIR CLAIMS.
From TA< Maaeheskr Eramtner Of Sept 16
The appointment of the Joint High Commits
sion, which by common consent to include all claims
for compensation which have may be made by each
Rs RGs D a
ously prosecute their claims and very Influential com
terests Of the claimants. very volumnous core
spondence has passed between the committee and the
claims affected, the present position OF matters s
Of the greatest interest and importance Earl Granville
Treaty Of Washington BY which the bondhoiders are
SS wns thu me cU%e
directed by Earl Granville to state to that his Lord
sn r s
that all statements Of claims which may be forwarded to
eordsnes as5 VIII as'as S Of the q
and sOth Of June, viii be submitted by him to the Com
The case Of the bondhoders ia this: The bondholders
after obtaining from Lord Cairns and Mr.. Cotton O. C
their money at % per bond for the option
exchanging that bond for cotton at the rate Of 3D. per
pound six months after the expiration OF the war be-
tween the two beligerents. and many bonds were 50
exchanged BY those who ran the blockade the price
cent-s It is ssid clear proof that II was mercan.
tile transaction based on cotton fGr the Feders bonds
the Confederate States they fulfilled their contract with
Bh s or ss hsa
March 1895 the dividend was paid @ on the bonds @ But
time came to exchange them for cotton the Northern
States seized all the public assets Of the Confederate
se the debt @S
United States neither at the time the Cotton Loan was
holders that Il Victorious, they would repudiate the
debt i urged that either Of the Oe.efsns had
Issue, neither would have been able TO raise
e. Europe The United states after the war
this Country but the English 81 law Ssys
assets subject to the liabilities The Confederate States
II S and py syos a s
States and paid into the Treasury realized upward Of
In issS, the Cotton Loan bond6Oldsrs memorialised
Lord STANLEY and 1sd weSs ssf @ ns s
that theirs should Be lmparlia!Iy heard and adja
Aaaifs, promised that 4 any Joint Commission were
that Il would be open to the 6ondhOceFs 70
bondhoiders the same thing and the bOndhodsrs beeye
that their claims were covered by the Reverdy johnson
reasons for rejecting the Treaty that the bonds were In
cluded In IT, Lord Granville promised the same his
predecessors With respect TO the Washington Treaty
may be stated that the bondhOlders relied the
promises Secretaries Of State that when Her
Aaesty's speech announced that Commission was to
bonds rose from to lo-l2 The Treaty Of Washington
was negotiated, but pending negotiations gradually fell
TO when confidently stated that the claims Of the
I9ndholders excluded from the Treaty The Com;
requested know the bondhoders stood under the
Treaty. They referred 10 Article u OF the Treaty,
which limits this claim to between April 1851, and April
1893 The Loan was made In 1883 aud the assets
lssS By Article IA It Il provided, That the Conmis
s,oners shall then proceed 70 me investigation OF
such evidence only shah be furnished BY OF behalf
Of their respective Governments" BY Article II Of
the Tres a1 claims mentioned IN Article u are % be
may have been presented before the eoncluou OF the
Sonmia.ion ore 2 bc co2ndsTsd - finally settled.
Such . the position Of aA IN which tho bondholders
are placed and We understand that they have deter
mined have their cm represented before the Joint
Hish Commission By the highest English or American
counsel but most probably the latter. ...