New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-10
WASHINGTON.
THE GENEVA AWARD PAID.

| TWENTY MILLIONS OF THE PUBLIC DEBT CALLED
M-AMERIcAH BANKERS EMPLOYED BY THE
| BRITISH GOVERNMENT THE FoRMAIITIEs At
TENDING THE TRANSFER AND INVESTMENT OF
THE $l5,5O0,OO0.
| WASHINGTON, Sept. 9.-The transaction in
relation to the payment Of the Geneva award was as
| follows: The banking firms OF Drexe Morgan Co..
Morton, Bliss Co., and Jay Cooke & Co. made con-
tract with the British Government to pay this award on
before the 10th Of September In accordance with the
terms of the Treaty Of Washington, aud notified to the
Secretary OF the Treasury that they would pay the
money before that date In view OF this intma
on and in accordance with the law OF Congress- the
Secretary OF the Treasury announced that he would pay
of the Fyetweny bonds that he might be
prepared TO invest the money derived from the award
in the five per registered bonds which cond
be used when the above named were redeemed. The
call was made for $40 OO0 00O 10000 more than the
amount OF the award-n order that at least s5,5OOOOO
might be in the hands Of the Secretary by the time the
award fell due II being deemed advisable by him to
leave this surplus of OOo to render it certain he
would have the desired amount
The contracting bankers from time TO time bought ex-
change, which they deposited in comparatively small
amounts, and received coin certificates for such de-
posts. They also purchased bonds maturing Sept 6,
and when they had thus obtained the s5,5OOOO, they
to-day surrendered all their certificates OF deposit, OBJ
tanning from the Secretary of the Treasury in lieu
thereof single covering the entire amount, whlch
Is in the following words and figures:
Act OF March 3, 1s73-It ia hereby certified that
s500 have been deposited with the Treasurer OF the
United states payable in gold at his office to Drexel
their order. Washington, Sept Q, 1873 John Allison,
Register of the Treasury F. f. Spinner treasurer OF
the United States Vim. A. Richardson, Secretary OF
the Treasury.
bThe certificate has the figures sl5,5OcOOo in the
upper right and left hand corners, and is numbered
about the center each side with the figure one
This bankers Endorsed payable to the joint order OF
Her Britannia Maesty's Minister Charge dAfaires
and NewYork in settlement Of their
contract with the British Government. Sir Edward
Thornton, in company with Consu-General Archibald,
having received 1t at the Treasury Department this
morning. through tho bankers. proceeded to the State
Department, and handed the certificate TO Secretary
Fish, having first placed upon it their Endorsement and
taking the following receipt therefor from Secretary
Fish:
"The undersigned, Hamilton Fish, Secretary Of State
OF United States OF America hereby declares that
he has this day received from the Right Honorable Sir
Edward Thornton, her Britannia Majesty's Envoy EX
traordinary and Minister Plenipotentiary and from
tTs at NewYofk agents Of her MSes.
tvs Government this behalf, the sum OF s5OOOO in
gold coin, being tho whole amount of the gross sum
awarded the OF September 1872 by the Tribunal
OF Arbitration then sitting at Geneva In accordance
of May 1871, between the said United States and her
Brtannc Majesty
Secretary of the United States OF America has
subscribed his name 20 this receipt in duplicate at
Washington, this 9th OF September, IN the year OF our
Lord 1873. d" HAMILTON FISH, Secretary OF state"
The Secretary OF state receiving the certificate In
company with Assistant Secretary Bancroft Davis, pro-
ceeded to the Treasury Department and called upon
Secretary Richardson. Mr. Fish, after stating that he
had perform pleasant duty, handed the GER
tcate to Judge Richardson, with the request that the
amount be invested in the new five per cent bonds of
the Funded Loan under the Act of Congress- The Sec
rotary Of the Treasury taking the certificate, directed
that bond for SIS 100000 be issued. which done
cordlngy, and IT is in the words and figures following
Funded Loan OF 1881. Washington, May !, ISL; The
United states of America are indebted 10 Hon. Ham
ton Fish, Secretary OF State in trust TO be held subject
the future disposition of Congress- as provided In the
Act approved March 1879 Chapter CcLxI in the sum
of Fifteen Million Five Hundred Thousand Dollars This
bond issued in accordance with the provisions OF an
Act of Congress entitled Act to authorize the refund
ing OF the National Debt approved July H. 1870 amend
ed by approved June 90 1871 and Is redeemabe,
at pleasure OF the United States after the LIST day OF
Nav A. D. 1884, in coin OF the standard value Of the
United States said July H. 1870 with interest In such
coin the day OF the date hereof at the rate OF five
per centum per annum, payable quarterly on the first
day OF February, May, August and November in each
nayment of all taxes or duties Of the United States
wen as from taxation any form by or under any State,
municipal or local authority. transferable gu the
''0 JOHN ALLISON, Register of the Treasury,
In the lower left hand appear the words En-
tered g. L. w. Recorded j. ii. j." Around the margin
OF the bond the fin figures appears frequently
On the face is a OF the coat Of arms Of the
United States and upon either side OF this scroll, the
only one on the right being encirced by the words
Prncipal and interest payable in coin at the Treasury
OF the United States that the left encrcled by
the words Interest five per cent per annum Across
the face is written Approved VIM. A. Richardson,
Secretary of the Treasury On the back OF the bond is
the usual blank assignment for the payee, assignee and
yerifcaton In words as on all the registered
bonds The bond was skIllfuly printed with pen,
being fac smile of printed form, and is the work Of
Mr. f. b. Maeyoty, a clerk in the loan branch OF the
Treasury Upon being duly executed 1t was photo
eraphed aud then sent TO Secretary Fish, who is its
present custodian. The certificate Of deposit was OF
course retained by tho Secretary OF the Treasury
when the bond was issued. II will be framed and
preserved among the archives Of the Government as
memoral of the amcable settlement OF the difference
between the two countries without resort 10 In
the whole Of this important transaction with regard to
the payment OF the money the Secretary OF State de-
cned 10 have anything whatever to do with the bank
ers employed by the British Government, his communi
cations being alone with Edward Thornton the Brit
sh Minister and the only transactions the Secretary of
the Treasury had with the banks to receive their GER
tcates OF deposit and in lieu thereof for the
whole amount bankers receiving nothing from the
Treasury as compensation for the negotiation, the
pense having been paid by the British Government.
CURRENT TOPICS AT THE CAPITAL.
POSTMASTER FIILEY's MISCONDUCT LIKELY TO BE