Payment
The President of the United States of America and the First Consul of
the French Republic in the name of the French people, in consequence
of the treaty of cession of Louisiana which has been Signed this day;
wishing to regulate definitively every thing which has relation to the
Said cession have authorized to this effect the Plenipotentiaries,
that is to say the President of the United States has, by and with the
advice and consent of the Senate of the Said States, nominated for
their Plenipoten tiaries, Robert R. Livingston, Minister
Plenipotentiary of the United States, and James Monroe, Minister
Plenipotentiary and Envoy-Extraordinary of the Said United States,
near the Government of the French Republic; and the First Consul of
the French Republic, in the name of the French people, has named as
Pleniopotentiary of the Said Republic the citizen Francis Barbé
Marbois: who, in virtue of their full powers, which have been
exchanged this day, have agreed to the followings articles:
The Government of the United States engages to pay to the French
government in the manner Specified in the following article the sum of
Sixty millions of francs independant of the Sum which Shall be fixed
by another Convention for the payment of the debts due by France to
citizens of the United States.
For the payment of the Sum of Sixty millions of francs mentioned in
the preceeding article the United States shall create a Stock of
eleven millions, two hundred and fifty thousand Dollars bearing an
interest of Six per cent: per annum payable half y early in London
Amsterdam or Paris amounting by the half year to three hundred and
thirty Seven thousand five hundred Dollars, according to the
proportions which Shall be determined by the french Govenment to be
paid at either place: The principal of t he Said Stock to be
reimbursed at the treasury of the United States in annual payments of
not less than three millions of Dollars each; of which the first
payment Shall commence fifteen years after the date of the exchange of
ratifications:--this Stock Shall be transferred to the government of
France or to Such person or persons as Shall be authorized to receive
it in three months at most after the exchange of ratifications of this
treaty and after Louisiana Shall be taken possession of the name of
the Government of the United States.
It is further agreed that if the french Government Should be desirous
of disposing of the Said Stock to receive the capital in Europe at
Shorter terms that its measures for that purpose Shall be taken So as
to favour in the greatest degree possible the credit of the United
States, and to raise to the highest price the Said Stock.
It is agreed that the Dollar of the United States Specified in the
present Convention shall be fixed at five francs 3333/100000 or five
livres eight Sous tournois.
The present Convention Shall be ratified in good and due form, and the
ratifications Shall be exchanged the Space of Six months to date from
this day or Sooner it possible.
In faith of which the respective Plenipotentiaries have Signed the
above articles both in the french and english languages, declaring
nevertheless that the present treaty has been originally agreed on and
written in the french language; to which they have hereunto affixed
their Seals.
Done at Paris the tenth of Floreal eleventh year of the french Republic/
30th April 1803
Robt R Livingston [seal]
Jas. Monroe [seal]
Barbé Marbois [seal]
