till
the whole shall be paid. To the amount of each of the said installments
shall be added interest at 4 per cent thereupon, as upon the other
installments then remaining unpaid, the said interest to be computed
from the day of the exchange of the present convention."

It was also stipulated on the part of the United States, for the
purpose of being completely liberated from all the reclamations
presented by France on behalf of its citizens, that the sum of 1,500,000
francs should be paid to the Government of France in six annual
installments, to be deducted out of the annual sums which France had
agreed to pay, interest thereupon being in like manner computed from
the day of the exchange of the ratifications. In addition to this
stipulation, important advantages were secured to France by the
following article, viz:

The wines of France, from and after the exchange of the ratifications of
the present convention, shall be admitted to consumption in the States
of the Union at duties which shall not exceed the following rates by the
gallon (such as it is used at present for wines in the United States),
to wit: 6 cents for red wines in casks; 10 cents for white wines in
casks, and 22 cents for wines of all sorts in bottles. The proportions
existing between the duties on French wines thus reduced and the general
rates of the tariff which went into operation the 1st January, 1829,
shall be maintained in case the Government of the United States should
think proper to diminish those general rates in a new tariff.

In consideration of this stipulation, which shall be binding on
the United States for ten years, the French Government abandons the
reclamations which it had formed in relation to the eighth article of
the treaty of cession of Louisiana. It engages, moreover, to establish
on the _long-staple_ cottons of the United States which after the
exchange of the ratifications of the present convention shall be brought
directly thence to France by the vessels of the United States or by
French vessels the same duties as on _short-staple_ cottons.

This treaty was duly ratified in the manner prescribed by the
constitutions of both countries, and the ratification was exchanged
at the city of Washington on the 2d of February, 1832. On account of
its commercial stipulations it was in five days thereafter laid before
the Congress of the United States, which proceeded to enact such laws
favorable to the commerce of France as were