The New York herald., 1873-09-10


OF the FUNDED Loan under the act OF Congress-
The Secretary OF the Treasury taking the certia
cate, directed that bond for sI5 900 be issued
which was done accordingly, an IL is In the words
and figures lowing:
'Funded loan Of 1881, Washington Nav 1s-1
The United states OF America are indebted to Hon
Hamilton Fish, Secretary of STATE m trnst to be
held, subject to the future disposition OF Conoress
as provided In the act approved March 3. 1873
Chapter 24l, In the sum OF sl5,5O0OoO This boni
~ issued IN accordance with the provisions
Of an act OF Congress entitled an
debt approved July l4th. 1870, amended by an act
approved January 20th 1871, ana IL reaeemabie az
OF May, A. d. 1881, In coin OF the standard vaue
OF the United States on SAID July l4th 1870, with
interest In such coin from the day OF the date
per annnm, payable quarterly on the drst
day, OF February, May, August and November in
from the payment OF all taxes or duties of the
United States az well AZ from taxation in any
iorm oy or under State, municipal or local aurho
rlty, transferable on the books OF this o.ilce.
JOHN ALLISON Register OF the Treasury.
DIn the lower left hand corner appear the words
Entered G. l.. W. Recorded J. Ii: j." Around the
margin OF the bond the amount in figures appears
frequently. On the face is representation OF the
coat OF arms or the United States and upon either
SIDE OF this SCROLL the one on the right being
encirccd by the words, "Pr ncipal and interest
parable IN coin at the Treasury OF the United
words, '1nterest Ave per cent per annum."
Across the face is written, approved. William
Richardson. Secretary OF the Treasury" ON the
back OF the bona IS the usual blank assignment for
the payee, assignee and veri6cation, In the same
words all the registered bonds.
The bond was skiliully printed with pen, being
fac-simile of the printed form, and in
the work of Mr. H. b. Magroty, clerk in
the loan branch OF the Treasury Upon being duly
executed 1t was photographed, and then sent to
Secretary Fisk, VINO Is its present custodian. The
certificate OF deposit was. OF course, retained by
the Secretary OF the Treasury when the bond was
issued. 1t win he framed aud preserved among the
sIchivcs OF the government as memorial of the
amicable settlement of the difference between
the two countries without resort to arms.
In the whole OF this important transaction with
regard to the payment of the money the Secretary
OF state declined 10 have anything whatever to DO
with the bankers employed by the Brit
ish government, his communications being
alone with Sir Edward Thornton. the Brit
ish Minister, and the only transactions
the Secretary OF the Treasury had with the banks
was to receive their certificates OF deposit and
issue in lieu thereof one for the whole amount the
bankers receiving nothing from the Treasury as
compensation for the negotiation, the expense
having been paid by the British government.
SO endeth the first act In the payment OF the Ala
bama indemnity award. The second will begin
when Congress meets, and II the play is to be con-
tnued as long the farce OF the French spoliaton
claims 1t will not need an imaginary lapse of time
between the acts. 1t viii be too real to those who
hope to be indemnifed for the acts oil tile Confed-
crate cruisers, Alabama, Shenandoah and Florida.
Alter your correspondent had witnessed the con-
clusion OF the business in the Treasury Depart
ment between Secretary Fish and Assistant Sec
retary Davis on the one hand, and Secretary
Richardson on the other, he called upon Caleb
Cushing, one OF the counsel for the United States
at Geneva, to congratulate him on these events
expressing q desire to hear his views on the SUBJ
ject He at first objected to being interviewed butt
after some conversation, proceeded to make, IN
substance, the following remarks:-
lie said that the documents which are now
made public, attesting the payment by the British
government OF the amount OF the award OF the
Tribunal OF Arbitration at Geneva in satisfaction
of the claims OF the United States on account of
the acts OF Confederate cruisers fitted out In
Great Britain or her colonies during the
late civil war to prey on the commerce
OF the United States, are important In
a mere financial point OF view, as manifesting the
Judgment, discretion and good sense, by means OF
which the high officers OF governments OF both
sides have effected the transfer OF so large q sum
OF gold from London to Washington without pro-
ducing the slightest Inconvenience in commercial
circles, and in manner which strikes the
observer, not more by It's completeness and eff
cheney than by its exrenS simplicity 1t constitutes
a rare example OF the case and promptness with
which the largest financial operations may be
transacted between two governments, where there
is good faith on both sides, and just regard for
private well as public interests. 1t has no
parallel probably in modern times, except in the
incidents OF the Successive payments by France Of
the war indemnity to Germany.
But this incident suggests reflections OF q polit-
cal character OF still greater interest and import
ance. We have but to recur to the very commence
ment OF the administration oil President Grant,
when the Johnson Clarendon treaty mad been al
most unanimously rejected by the Senate,
to see how delicate and tender were
at that time the relations OF the United
States and Great Britain. and to appreciate
the sincere love OF peace, the patient forbearance
and the elevated craftsmanship OF both govern.
ments the result Of which now appears in the
present satisfactory conclusion OF national con-
troversy so serious In itself and so threatening at
some times to the tranquility OF the world. 1t Is
impossible In looking back upon all the
successive stages OF this controversy to
withhold the need OF appreciation from
the statesmen on botn sides, who have labored so
earnestly and successfully to produce this happy
consummaton. We may well congratulate the
people OF the two great English Speaking nations,
that their public affairs have been in the hands
OF statemen, who in this respect at least, 1t
connot be Denied have proved equal to their
exalted duties and have thus, it is to be hoped,
established on firm foundations the friendly rela-
tions OF their respective governments While we
accord ample applause in this behalf to the gov
eminent OF the United States well as to that OF
Great Britain, 1t is due to Mr.. Gladstone and his
colleagues on the part OF Americans to
dwell more especially upon the many proofs
which these events have afforded OF the earnest
desire of the British government to place itself
the footing Of unreserved and cordial amity with
the United states.
.I trust and believe that our own government
will continue frankly and sincerely TO re-
spond to these manifestations OF the good
feeling of the British government l reject