Alexandria Advertiser And Commercial Intelligencer

Settlement of the American Claims on the Government of France.

The following statement is from a correct source and may be relied on:—The 3,750,000 dollars, that the United States are to pay France, is to be paid to the citizens of the United States for claims they have upon the French Government, embraced by the Convention made the 30th September, by Ellsworth and Davie. The second article of that convention is to be considered as null and void. The payment to the United States is to be made to the Citizens thereof, in sixty days after the final ratification of the late convention by our government, and exchange of the same, which is to be done here; the payment to be made by bills drawn by our Minister in Paris, on the treasury of the United States. Claimants are first to have their claims liquidated by the French Government, on which claims they are to be allowed 6 per cent. per annum from the time that the Claimants respectively made their demands for payment. After their claims are finally liquidated, a board of three Commissioners, appointed by our Ministers, are to sit in Paris, who are to examine these liquidated claims, to see if they properly are claims that are embraced under the convention of the 30th of September. As soon as this is determined, the Claimants will receive their drafts, and they will be paid as they are presented; and should the claims embraced by the convention exceed the sum of 3,750,000 dollars, the remainder is a debt remaining due from France, and to be paid the Claimants by that Republic. It is understood that claims for supplies to the West India Islands, demurrages on vessels from France, vessels taken and not restored agreeable to the convention of the 30th September, and supplies under contracts made by officers of the French Government in the United States, are the proper claims embraced by that convention.