286 CLAIM OF THE UNITED STATES 



Results if uot investment of one or two hundred thousand dol- 



protected. , i i • i • 



lars in a speculative and losnig- busniess, and the 

 final destruction of the Alaskan seal herd, a never- 

 ending source of wealth to the world, if properly 

 protected and preserved. 



CLAIM OF THE UNITED STATES FOR DAMAGES. 



Article V of Article V of the Convention of April 18, 1892, 



renewal of Modus ^ 



Vivendi. for the renewal of the Modus Vivendi in Bering 



Sea, provides that "if the result of the Arbitration 

 shall be to deny the right of British sealers to 

 take seals within the said waters, then compen- 

 ! ation shall be made by Great Britain to the 

 United States (for itself, its citizens, and lessees) 

 for this aoreement to limit the island catch to 

 seven thousand five hundred a season, upon the 

 basis of the difference between this number and 

 such larger catch as in the opinion of the Ai'bi- 

 trators miglit have been taken without an undue 

 diminution of the seal herds." 

 ciassificatiou of Ally damages to which the United States may 



damages. 



become entitled under this Convention must be 

 by way of compensation, first, to the Govern- 

 ment for the loss of revenue sustained through 

 the diminution of the number of seals caught ; 

 and, second, to the North American Commercial 

 Company for the loss of profits incurred thi"OUgh 

 the same cause. 



