The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-06-23
THE GENEVA AWARD.

The Bin for the Distribution or Money
as Modified I'm Observation-Disclosures
Claims Restricted 10 Actual Net Loss
Passage In the House.
WASHINGTON, June %, 1874
The bill for the distribution OF The Geneva Award,
as agreed upon by the Committee OF Conference,
provides for the appointment Of court OF Ave
commissioners to be appointed by the President
with the ADVICE OF the Senate, the sessions OF the
Court TO be held in Washington. The salary OF the
Commissioners shall be So 900 each, with clerk at
$4,000 ana short hand reporter at $4,000 per
annum. The President may designate counsellor
at-aw TO represent the interests OF the govern
ment in all suits and claims flied for
indemnity for losses. The Court shall exist for
year from the time OF converting, but II the
business Is not completed within that time, the
President may by proclamation extend the period
not more than six months. 1t is made the duty OF
the Court to receive, examine and decide all
claims admissible under this act that may be pre-.
sen.ed to 1T, directly resulting from damage caused
by the so called insurgent cruisers Alabama and
Florida and their tenders; and also all claims di-
recty resulting from damage caused by the cruiser
Snenantioaa after her departure from Melbourne.
February Is, 1865
INSURANCE LOSSES.
No claim Is to be admissible or allowed for any
loss or damage for or in respect TO which the party
IuJuIcu, HE dsSlguS OF legal representatives
have received compensation or indemnity from any
insurance company, insurer or otherwise, but If
such compensation or indemnity SO received shall
not have been equal to the loss or damage he &C
difference.
In no case shall any claim be admitted or
allowed for, or in respect to unearned
lreights gross freights. prospective profits,
freight. gains or advantages, or lor wages Of
oincers or seamen for longer time than
one year next alter the breaking up OF voyage,
nor shall any claim be admissible or allowed for BY
nri n IN "a nf ipp ar inSn
unless such claimant shall show to the satisfaction
of the Court that during the late rebellion the sum
ceeded the sum OF the premiums or other gains
upon or in respect of such war risks. In case OF
any allowance, 1t shall not be greater than such
excess OF loss.
No claim shall be admissible or allowed arising
in favor or any insurance company not lawfully
existing at the time of the loss under the laws OF
some one of the United States, and no claim shall
be admissible or allowed, arising in favor of any
person not entitled at the time OF his loss TO the
protection OF the United States in the premises,
nor arising in favor of any person who did not at
all times during the late rebellion bear
TRUE ALLEGIANCE TO THE UNITED STATES.
In estimating compensation to claimants In
terest is TO be allowed at the rate Of Jour per
or damage, which shall be ascertained in each
case to have been sustained from such date as the
Court shall in such case, decide that the loss was
sustained by the claimant; provided that the
amount OF such in terest shall not be included in or
added to the amount tor which Judgment may be
The Secretary OF the Treasury is to pay the
Judgments, together with interest at the rate Of
four per cent per annum on the amount OF such
Judgments from the date certified to the persons
respectively In whose favor the same shall nave
been made, or to their legal represen tatlves, in
full satisfaction and discharge of said judgments.
IL the sum OF all the judgments rendered. together
with the interest, shall exceed the amount Of the
Geneva award the money Is to be proportlonately
distributed
The Secretary Of the Treasury is required to pay
authorized to sell Ave per cent bonds. IT, alter
paying judgments and expenses, there remains
any part OF the Geneva award the same shall be
and remain as a permanent fund from which Con-
gress may hereafter authorize the payment OF
other claims thereon
The Committee OF Conference struck out the
clause that all the claims prOvable or to be allowed
shall be stated and adjudged upon the basis OF
The bill Otherwise is that which passed the Senate.