The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1873-10-11
PAYING THE GENEVA AWARD.
Twenty Millions of the Public Debt
Called I'm American Bankers EEns
pl0yed by the British Government
FormaIffies Attending the Transfer
and Investment of the SI5,5OO,OOO.

Called In American bankers EE1"
FgrmaIfties Attending the Transfer
and Investment of the $l5,oOO,OOO'
Correspondence of the New York Tribune
WASHINGTON, Sept. 9.-The transaction
in relation to the payment OF the Geneva
award was as follows: The banking firms
Of Drexel, Morgan & Co., Morton, Bliss 4
Co., and Jay Cooke & Co., made contract
with the British Government to pay this
award on or before the 10th of September,
in accordance with the terms of the Treaty
of Washington, and notified to the Secre-
tary of the Treasury that they would pay
the money on or before thatday. In view
of this intimation, and in accordance with
the law of Congress the Secretary OF the
Treasury announced that he would pay Off
$20,000000 of the fiye-twenty bonds, that
he might be prepared to invest the money
derived from the award in the new five per
cent registered bonds, which could be-
used when the above. named were re-
deemed. The call was made for S20 0,0U0,OO0
50, 500, 900 more than the amount OF the
award-in order that at least Sl5.50O, ,lU0
might be in the hands ofthe Secretary by
the time the award fell due, it being
deemed advisable by him to leave this sur
plus of 81 SOC, 900 to render it certain he
The contracting bankers from time to
time bought exchange, which they depos-
tied in comparative small amounts, and
received coin certificates for such deposits.
They also purchased bonds maturing Sept.
6, and when they had thus obtained the
$15, 800 900, they to-day surrendered all
their certificates of deposit, obtaining from
the Secretary of the Treasury in lieu there
of single one covering the amount, which
is in the following words and figures:
Act OF MARCH 8, ls7s-It is hereby certified
that SIS, 500, coo have been deposited with the
Treasurer Of the United States, payable in gold at
his Office to Drexel, Morgan Co.; Morton,
Bliss & Co.; Jay Cooke ~ Co., or their order.
Washington, Sept. 9, 1878 John Allison, Reg
lister of the Treasury. r. E. Spinner, treasurer
of the United States. VIM. A. Richardson, Sec
retary of the Treasury.
The certificate has the figures of $15,500,-
900 inthe upper tight and left-handcorners,
and Is numbered about the center on each
side with the figure J.. This the bankers
indorsed payable to the joint order of her
Britannie Majesty's Minister or Charge
d'affaires and Consul-General at New
York. in settlement of their contract with
the British Government. Sir Edward
Thornton, in company with Consul-Gen-
eral Archibald, having received it at the
Treasury Department this morning,
through the bankers, proceeded TO the.
State Department and handed the certlfi-
cate to Secretary Fish, having first placed
upon it their Endorsement and taking the
following receipt therefor from Secretary
Fish: - aa sE8gsa siat iis8#y he!s ilaE
The undersigned, Hamilton Fish, Secretary of
State Of the United States of America, hereby de-
slaTss that he hs thls day sssslged MO ss
tannic Majesty S Envoy Extraordinary and MIN
lister Plenipotentiary, and from Edward sMortl-
mer Archibald, Esq, her Britannia Malssty. :
Consul General st New York, agents other MsJes-
ty,s Government in this behalf, the sum OF Sl5,-
500 900 in gold coin, being the whole amount OF
the gross sum awarded on the l4th of september,
1872, by the Tribunal of Arbltratlon tnen slttihg
at Geneva, in accordance with the provisions OF
the treaty of May 8, 1871 between the said United
States and her Britannia Majesty 49, 4
In witness whereof the aforesaid Hamilton
Fish Secretary of State of the United States OF
Ameriea has subscribed his name to this receipt
IN duplicate at Washington this 9th DAY OF sep
tember. in the year of our Lord, 5islS- =, .1fZ
HAMILTON FISH, Secretary OF State
The Secretary of State, on receiving the
certificate, in company with Assistant Sec
retary Bancroft Davis, proceeded to the
Treasury ID Department and called upon Sec
retary Richardson. Mr.. Fish, after stating
| that he had come to perform pleasant
| duty, handed the certificate to Judge Rich
ardsoR, with the request that the amounf
be invested in the new five per cent. bonds
| of thefunded. loan, under the act OF Con-
gress. The Secretary of the Treasury,
| taking the certificate, directed that bond
| for $l5, 100000 be issued, which was done
accordingly. and it is in the words and fig
llres following: - zs's's ef'stts,. .ua s
FUNpEp LOAN OF 1881 Washington, May l,
ISL. The United States of America are indebted
| to Hon. Hamilton Fish, Secretary of State, In
- aIl no
of Conress, as provided in the act approved
March3, 1873, chapter cclxf,, in the sum OF NJ
teen million five hundred thousand dollars. Ih1s
! bond isissued in accordance with the provisions
of an act of Congress entitled An act to author
ize tie Tefunding of the national debt, approved
! July IA, 1870, amended by an act approved june
90 lS7I and is redeemable, at the pleasure of the
United States, after the. first day of May, A. d;
1881, in coin of the standard value of the United
States on said July H. 1870, with interest in such
coin from the day of the date thereof, at the rate
| on the first day of February, May, August and
| November, in each year The principal and in
terest are exempt from the payment Of all taxes taxes
taxation in any form by or under any State, mu-
nieipal or local authority. Transferable on the
books of this Office. N
ISigned1 >s.A. JOHN ALLISON,
/ Register of the Treasury.
| In the lower left-hand corner appear
the words Entered G. L. w. Recorded
j. H.J.o Around the margin of the bond
the amount in figures appears frequently
On the face is representation of the coat
of arms of the United States, and upon
either side of this is a scroll, the only
i one on the right being encircled by the
words .sPrincipal and interest payable il
coin at the Treasury of the United States,
and that on the left encircled by the word:
g Interest five per cent. per annum.'
j Across the face is written $ Approved
4 VIM. A. Richardson, Secretary of tht
/ Treasury On the back of the bond il
the usual blank assignment for the payee
assignee, and veriication in the same word:
as on all the registered bonds. This bono
| was skillfully printed with pen, being 1
fac smile of the printed form, and is th'
work Of Mr.. E. B. Magroty, clerk in tht
loan branch of the Treasury. Upon being
duly executed it was photographed ant
then sent to Secretary Fish, who is it
present custodian. The certificate of de
post was, of course, retained by the Sec
hoT,