[Washington and His Colleagues by Henry Jones Ford]@TWC D-Link book
Washington and His Colleagues

CHAPTER V
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It was a keen bargain, as Bacri had to propitiate court officials at his own risk, and had to look for both reimbursement and personal profit, too, out of the lump sum he was to receive in event of his success.

It can hardly be doubted that he had the situation securely in hand before making the bargain.

The money paid in Algiers for the ransom of the captives, for tribute and for presents to officials amounted to $642,500.00.

But in addition the United States agreed to build a frigate for the Algerine navy and also supply naval stores, which with incidental expenses brought the total cost of the peace treaty up to $992,463.25.

Moreover, the United States agreed to pay an annual tribute of 12,000 sequins,--about $27,500.
By the terms of the navy act, the United States had to stop building vessels for its own protection.


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