JUST COMPENSATION.
The “just compensation” to be paid by the United States may be regarded, according to the classical report of Mr. Livingston, in two lights: first, the value of the advantages to the United States at the expense of these claimants; and, secondly, the actual losses sustained by these claimants. Neither is proposed as an absolute measure. A glance at each will enable us to arrive, by approximation, at a proper result.