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The Arbitrators at Geneva keep their secret well, but counsel

have, of course, informed the two Governments how matters are going, and the American Government is straining every nerve to secure votes. Consequently it has announced, or allowed its agents to announce, that the decisions at Geneva are on the whole satisfactory, that the amount of money awarded is less than it had hoped, but that it is entirely content with its representatives. The award, it is said, is to be in the form of a gross sum, which is variously estimated at from £4,000,000 to £1,300,000. It is probable, from the calculations made, that it will not exceed fifteen millions of dollars, or £3,000,000 sterling.

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