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Sign up freeThe Daily Cincinnati Republican, And Commercial Register
Cincinnati, Hamilton County, Ohio
What is this article about?
The New York Courier highlights differences between the US-France treaty and a bill in the French Chambers: installments delayed to start in 1836 and end in 1841 instead of 1838, omitting 4% annual interest, resulting in less than three-fourths of the indemnity payment.
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Full Text
of the difference between the stipulations contained
in our treaty with France, and the bill recently
introduced into the French Chambers:
By a comparison of the stipulations of the treaty
with the provisions of the bill submitted to the
Chambers, it will be perceived that the instalments
instead of terminating in 1838 as the Treaty provided,
are now only to commence in 1836 and terminate
in 1841; and what is of still more consequence
the treaty stipulates for an annual interest at the
rate of four per cent. per annum, to be paid on the
whole sum remaining unpaid each year. This condition
the bill introduced, omits altogether, and the
interest amounts to the enormous sum of six millions,
four hundred and ninety five thousand, two
hundred and twenty two francs and twenty centimes
which is more than one fourth of the whole indemnity--
In other words, the bill proposes to give us
less than three fourths of what France is solemnly
bound to pay under the provisions of the Treaty.
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Where did it happen?
Foreign News Details
Primary Location
France
Outcome
the bill proposes to give us less than three fourths of what france is solemnly bound to pay under the provisions of the treaty
Event Details
By a comparison of the stipulations of the treaty with the provisions of the bill submitted to the Chambers, it will be perceived that the instalments instead of terminating in 1838 as the Treaty provided, are now only to commence in 1836 and terminate in 1841; and what is of still more consequence the treaty stipulates for an annual interest at the rate of four per cent. per annum, to be paid on the whole sum remaining unpaid each year. This condition the bill introduced, omits altogether, and the interest amounts to the enormous sum of six millions, four hundred and ninety five thousand, two hundred and twenty two francs and twenty centimes which is more than one fourth of the whole indemnity