Mr. Reuter telegraphs from Geneva that the judgment of the
Atbitrators will, in all probability, be delivered to-day, if it has not been privately conatnuuicated to the various Governments sooner. No intimation, however, of the result has filtered out of the hermetically-sealed Court-room ; indeed, the publication in Berne and New York of the argument delivered by the American counsel has created general scandal, and not unnaturally made the American representatives feel somewhat sore for the honour of their country. There seems to be no doubt that we shall have to pay a "lump sum," but whether inconsiderable or otherwise, there is only a rumour, given with some appearance of confidence in the Money article of yesterday's Times, that it will be 12,500,000. If the end be really so near, the Court must have worked very hard.
