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Show VENEZUELA mi CASE AmericanCompany Had Demanded a Great Sum as Damages The Hague. Oct 23. The International Interna-tional court nf arbitration rendered its recislon In the Orinoco claims case today. Tho Harge award Is declared de-clared null on four points, and the American company Is awarded $41, SS7. with II per cent Interest since Ji no 1C. 10'C. and $"' cost. The judgment i(? t" 1"? paid by Venezuela Ven-ezuela within two months. The tribunal tri-bunal rejects the American contention conten-tion on the other points In dispute. William Dennis, an agent of tho United States, presented the caBe for tho steamship company, Todaj's decision disposes of a long standing dispute l-etween the United States and Venezula. The Orinoco Steamship company, a New Jersey corporation, was granted certain exclusive ex-clusive prlvillos by Venezuela, but l he agreement was subsequently repudiated re-pudiated by President Castro. The steamship company Instituted an action ac-tion for 51.loo.fMn) damages. The case w.ts eventually submitted to Pr Ch;i. I'.arge, who, as umpire, on February 2. U't4, awarded the company .2S.7''0. The company appealed to the American Ameri-can government, which refused to accept the decision on the ground that It was contrary to the principles of international law. After prolonged negotiations between be-tween Washington and Caracas, it was agreed to submit the whole matter mat-ter to The llag.ie tribunal, where Mr. Dennis a-ked that the Barge award be declared null as unjust and erroneous and the original claims fettled on their merits. |