The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1919-01-23

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These signatures executed the con-
tract by which Franco made very
largo money gifts TO the young United
States, because Of which tho keokuk
chapter Of the Sons Of the American
Revolution arc leading movement
TO have congress cancel the DEBT OF
Franco to the full grown United
States on account Of the world war
jesty has been pleased to permit to
be made ON account OF the six mil
lions In question will be credited on
the payments OF the first months OF
the present year.
Article 2.
For the understanding of the fix
alton of the terms OF reimbursing OF
the six millions to the royal treasury,
and in order to- preclude any am
biguity on this subject. 1t has been
found convenient to recapitulate here
the amounts OF the preceding sub
sides granted by tho king TO tho
! United States, and to distinguish
| them according to their different
classes. The first Is composed OF
! the funds successfully loaned by his
majesty, amounting in the aggregate
to the sum of eighteen millions OF
i l;yres. to be reimbursed in specie IN
| the royal treasury in twelve equal
rarts of fifteen hundred thousand
ilivres each, besides the interests,
and in twelve years, commencing
| only from the third year after the
date of peace; the interests, COM
mencing from the date Of peace, to
be paid each year. and to diminish
| accordingly and In proportion with
the reimbursing of the capital, OF
which the last term will be due In
| the year 1888.
The second class comprises the
loan OF five millions Of forms OF
Holland, amounting by moderate ap-
praisement to ten millions Of nvres
tournois, said loan made In Holland
in 1881, for the benefit OF the United
States OF North America. under the
aereemen OF the king to pay back
4 the capital with interests at Tour
ser cent per annum, at the comp
toir general OF the United Provinces
of the Netherlands. In ten equal
PARTS, counting from the sixth year
after the date of said loan and under
/ similar agreement on the part Of the
minister Of the congress and jointly
for the Thirteen United States, to
reimburse the ten millions OF the
said loan, in ready money, at the
/ 1oyal treasury, with the interests at
! four per cent per annum, In ten
equal sums of one million each and
i in ten payments from year to year,
/ the first of which will be duo In
November, 1887, and the last In the
4 same month Of tho year 1895. The
! whole in conformity with the condi-
tfons expressed in the contract OF
July is, 1872.
/ In the third class are comprised
the grants and subsidies furnished
to the congress of the United States,
in the quality OF gratuitous assist
ance from the pure generosity OF the
king. Of which three millions grant
ed previous to the treaty OF the
month of February, 1878, and six
millions in 1881, of which subsidies
amounting together to the sum OF
nine millions OF lfvres tourno1s, his
majesty confirms, as much as may
be needed, the sratuitous gift to the
congress OF the said Thirteen United
States.
Article 8.
: The new loan of six millions OF
Itvres tournois, which makes the
: substance of the present contract.
will be paid back and reimbursed In
ready money at the royal treasury
of his majesty. in six equal parts OF
: million each, with the interests at
five per cent per annum, and in six
periods, of which the first VIII be
, due in the year 1897, and in this
70
, when the last payment will be made
Article 4.
The interests at five per cent pei
Z annum. of the capital of six millions
{ mentioned in the foregoing article
will commence to run from the frs
of January of the year 1854. and vii
oe paid in ready cash in the roya
: Il easury of his majecty, at Paris, OF
| the same day of each year, OF which
the first will be due January 1, 1875
, and SO forth from year to year until
1.-the final payment of the capital, hi!
: majesty being pleased, by a new &C
| of generosity, to make gift and re
mfttance to the Thirteen United
States, of the partial interests of th'
present year, which the undersigned
minister of the congress has declared
!, to accept with gratitude, in the nam
t Of the said United States.
Article 8.
r The interests of the capital OF 81
. millions will diminish in proportion
: with the reimburse ments at tn
/ dates fixed in the foregoing article
. the congress and the United States
r however, reserving the faculty o
. accelerating their liberation by an
, ricipated reimbursing, il the state o
: their finance may permit It,
IL Article 8.
/ The contracting parties recipro
r cally guarantee to each other tn
= faithful observation of the foregoing