The Forrest City times., 1895-03-01
SETTLEMENT WITH ARKANSAS.
Terms of the Compromise Proposed BY
the Government-The Balance Due From
the State.

Terms of the Compromise Proposed ny
the Government-The Balance Due From
the State.
WASHINGTON, Feb. PA bill has
been introduced by Representative
NELL TO confirm the compromise and
settlement between the United States
and Arkansas as recommended by the
commission and approved by Secre-
taries Carlisle and Smith and Gov.
Clark. BY the terms of the agreement
the United States agrees:
/. To surrender to Arkansas for cam
collation. 500 6-per-cent. coupon bonds
OF $1,000 each, dated January l. 1888,
and matured October &c, 1861, issued by
Arkansas to secure loan from the
Smithsonian fund, and now held by
the United States.
z. To surrender the coupons attached
representing the unpaid accumulated
interest, amounting to S436, 3036l.
8. To surrender similar bonds of the
state under same date thirty eight in
number) of 1000 each, issued to secure
similar loan from the same fund, and
matured January 1, 1865, and now
owned by the United States.
4. To surrender coupons attached rep
resenting the unpaid interest to date
of maturity, $50, $50.
D. 10 surrender three bonds of s.. 600
each, being Arkansas per cent. regis
tered bonds, acquired for the Ch;cka-
saw orphan fund, with interest from
the date of default to date of maturity,
January l, 1887, $500.
o. To surrender ninety-two of the 252
new 9 per cent coupon bonds, 81, GOO
each, issued by Arkansas, January /,
1874, under the adjustment of the
Chickasaw national fund, and matur.
ing January l, 1900, and now owned by
the United States; also, all coupons at
tached representing the accrued inter-
est to January /, 1895 (twenty-one
years., and amounting to S115,soO.
z. To surrender for. cancellation all
the unpaid coupons to January l, 1895,
on the remainder of the 252 new and g
per cent. $1,000 each) Arkansas bonds,
being l60 in number, issued January l,
1874, under the adjustment of the
Chlckasaw national fund, amounting
In unpaid interest to SOL, 200.
In return for this wholesale surren.
der by the United States of securities
and unpaid interest, amounting to
Sl,611, s03.61, the state of Arkansas
agrees:
i. To pay into the treasury of the
United States s572 within thirty DAYS
after the approval by congress of this
settlement.
:. To pay at or before their maturi.
ty january 1, 1900 the remaining Ar.
kansas bonds, being 16O in number OF
$1,000 each, and all coupons attached
thereto as they severally come due, all
coupons to January l, 1895, being sur.
rendered for cancellation. If the state
elects to pay the bonds before their
maturity, the payment of all interes.
accrued thereon to that date shall be
accepted in full satisfaction of all the
coupons attached thereto.
As a further consideration for the
surrender of the bonds, Arkansas re-
llnquishes and quit claims to the
United States all claims or demands
adjusted or unadjusted, growing out
OF the act of Septem Der rs, 1850. known
as the swamp land act; also. all land
or cash indemnity growing out of the
acts of March 2, 1855, and March 3.
1857; also, all claims for indemnity
school lands, the residue of the Salt
Springs lands, the residue of the lands
under the courthouse and jail grant TACT
June Is, 1882, the residue of lands nm.
der act of September 4, 1s4I, for in.
ternal improvements, the residue OF
the grant under the acts of March Q.
1881, and June 3. 1886, for public build.
ings, and all other claims or demands
OF whatever nature or character.
The commission, after reviewing all
these claims against the United States
has reached the conclusion that they
leave balance still due from Arkan.
sas of Sl60,572, and that is to be paid
under the terms of the agreement be-
fore the score is wiped out