The stockholders in the cash companies have. as a general rule. doubtless changed so that if the companies are now renimbursed for specific losses the profit will inure mainly to those who suffered nothing from the original loss. As to them it will be a "windfall .- a naked gratuity. During and immediately after the war claims againtst Great Britain were "filed in the Department of State by American citizens. native and naturalized. for damages sustained by them as owners. mariners. freighters. or insurers of dulydocumented American ships captured and destroyed or appropriated by the officers and crew of the steamer Alabama. (and other confederate cruisers.) and. as owners. insurerl. or otherwise. interested in the cargoes of such ships or in charterparties for the service of said ships." Many of those as they accrued during the war. and subsequently on the 27th of August. 1866. were presented by our Government to that of Great Britain for payment. The treaty of Washington of May 8. 1871. between the United States and Great Britain resulted from these claims and other controverted questions between the two governments during and since the war. The first article provided thatClaims growing oit of acts committed by said vessels. and generically known as the "Alabama claims." should be referred to a tribunal of arbitration. to be composed of five arbitrators. to be appointed in the manner therein prescribed. who according to tie terms of the next succeeding article were to neet at Geneva.
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