Government and transferred to the United States in such manner as he may
deem best; and by the same act of Congress the stipulations on the part
of the United States in the convention were in all respects fulfilled.
Not doubting that a treaty thus made and ratified by the two
Governments, and faithfully executed by the United States, would be
promptly complied with by the other party, and desiring to avoid the
risk and expense of intermediate agencies, the Secretary of the Treasury
deemed it advisable to receive and transfer the first installment by
means of a draft upon the French minister of finance. A draft for this
purpose was accordingly drawn in favor of the cashier of the Bank of the
United States for the amount accruing to the United States out of the
first installment, and the interest payable with it. This bill was not
drawn at Washington until five days after the installment was payable
at Paris, and was accompanied by a special authority from the President
authorizing the cashier or his assigns to receive the amount. The mode
thus adopted of receiving the installment was officially made known
to the French Government by the American chargé d'affaires at Paris,
pursuant to instructions from the Department of State. The bill,
however, though not presented for payment until the 23d day of March,
was not paid, and for the reason assigned by the French minister of
finance that no appropriation had been made by the French Chambers.
It is not known to me that up to that period any appropriation had been
required of the Chambers, and although a communication was subsequently
made to the Chambers by direction of the King, recommending that the
necessary provision should be made for carrying the convention into
effect, it was at an advanced period of the session, and the subject
was finally postponed until the next meeting of the Chambers.

Notwithstanding it has been supposed by the French ministry that the
financial stipulations of the treaty can not be carried into effect