The Arbitration Treaty 167 



and others not involving questions of territory; 

 (3) territorial claims. For each of these grades 

 there is to be a special method of settlement. 



First, &quot; all pecuniary claims or groups of claims, 

 which in the aggregate do not exceed $ 500, 000 in 

 amount and do not involve the determination of 

 territorial claims,&quot; shall be decided by a tribunal 

 constituted as follows : &quot; Each party shall nomi 

 nate one arbitrator, who shall be a jurist of repute, 

 and the two arbitrators so nominated shall, within 

 two months of their nomination, select an umpire. 

 In the event of their failing to do so within the 

 limit of time, the umpire shall be appointed by agree 

 ment between the members of the Supreme Court of 

 the United States and the members of the Judicial 

 Committee of the Privy Council in Great Britain.&quot; 

 In case these persons fail to agree upon an umpire 

 within three months, the King of Sweden and Nor 

 way shall appoint one. Among public personages 

 of unquestionable dignity and importance, this sov 

 ereign is as likely as any to be free from bias 

 against either the United States or Great Britain; 

 but should either party object to him, they may 

 adopt a substitute, if they can agree upon one. It 

 does not seem likely that the failure to select an 

 umpire would often reach the stage where an ap 

 peal to the Swedish King would be necessary. 



