History of the United States of America, Volume 2 (of 9) : $b During the first administration of Thomas Jefferson — John Shaqi
History of the United States of America, Volume 2 (of 9) : $b During the first administration of Thomas JeffersonAdams, Henry
History
History of the United States of America, Volume 2 (of 9) : $b During the first administration of Thomas Jefferson
Adams, Henry
United States -- History -- 1801-1809; United States -- History -- 1809-1817
Embarrassing as these omissions or provisions were, they proved not
so much that the treaty was carelessly drawn, as that the American
negotiators were ready to stipulate whatever was needed for their
purpose. Other portions of the treaty were not to be defended on that
excuse. The price stipulated for Louisiana was sixty million francs, in
the form of United States six-per-cent bonds, representing a capital
of $11,250,000. Besides this sum of eleven and a quarter million
dollars, the United States government was to assume and pay the debts
due by France to American citizens, estimated at twenty million francs,
or, at the same rate of exchange, $3,750,000,--making fifteen million
dollars in all as the price to be paid. Livingston himself drew the
claims convention with what he supposed to be particular attention;
but it was modified by Monroe, and still further altered by Marbois.
“The moment was critical; the question of peace or war was in the
balance; and it was important to come to a conclusion before either
scale preponderated. I considered the convention as a trifle compared
with the other great object,” avowed Livingston; “and as it had already
delayed us many days, I was ready to take it under any form.”[45] The
claims convention was not signed till nearly a week after the signature
of the treaty of cession. The form in which Livingston took it showed
that neither he nor Monroe could have given careful attention to the
subject; for not only did the preamble declare that the parties were
acting in compliance with Article II. of the treaty of Morfontaine,--an
Article which had been formally struck out by the Senate, cancelled by
Bonaparte, and the omission ratified by the Senate and President since
Livingston’s residence at Paris; not only did the claims specified fail
to embrace all the cases provided for by the treaty of 1800, which
this convention was framed to execute; not only were the specifications
arbitrary, and even self-contradictory,--but the estimate of twenty
million francs was far below the amount of the claims admitted in
principle; no rule of apportionment was provided, and, worst of all,
the right of final decision in every case was reserved to the French
government. The meaning of this last provision might be guessed from
the notorious corruption of Talleyrand and his band of confidential or
secret agents.
Public-domain text, read in full here on John Shaqi.
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