The treaty begins with the declaration, that “the United States of America and his Majesty the Emperor of all the Russias, being desirous of strengthening, if possible, the good understanding which exists between them,” have appointed plenipotentiaries, who have proceeded to sign articles, wherein it is stipulated on behalf of Russia that “his Majesty the Emperor of all the Russias agrees to cede to the United States by this convention, immediately upon the exchange of the ratifications thereof, all the territory and dominion now possessed by his said Majesty on the continent of America and in the adjacent islands, the same being contained within the geographical limits herein set forth”; and it is stipulated on behalf of the United States, that, “in consideration of the cession aforesaid, the United States agree to pay at the Treasury in Washington, within ten months after the exchange of the ratifications of this convention, to the diplomatic representative or other agent of his Majesty the Emperor of all the Russias duly authorized to receive the same, $7,200,000 in gold.” The ratifications are to be exchanged within three months from the date of the treaty, or sooner, if possible.[10] Beyond the consideration founded on the desire of “strengthening the good understanding” between the two countries, there is the pecuniary consideration already mentioned, which underwent a change in the progress of the negotiation. The sum of seven millions was originally agreed upon; but when it appeared that there was a fur company and also an ice company enjoying monopolies under the existing government, it was thought best that these should be extinguished, in consideration of which our Government added two hundred thousand to the purchase-money, and the Russian Government in formal terms declared “the cession of territory and dominion to be free and unincumbered by any reservations, privileges, franchises, grants, or possessions, by any associated companies, whether corporate or incorporate, Russian or any other, or by any parties, except merely private individual property-holders.” Thus the United States receive the cession free of all incumbrances, so far at least as Russia is in a condition to make it. The treaty proceeds to say: “The cession hereby made conveys all the rights, franchises, and privileges now belonging to Russia in the said territory or dominion and appurtenances thereto.”[11] In other words, Russia conveys all she has to convey. QUESTIONS ARISING UNDER THE TREATY.