Another excellent rule adopted on that notable occasion abolished privateering. Privateers were armed ships belonging to private citizens who had obtained from their own government a commission (letter of marque) which authorized them to make prize of the enemy's merchant vessels and appropriate the proceeds. The abolition of privateering was a long step in the right direction, for the privateer's motive was mainly plunder, and the whole business was really close kin to piracy. Neither the United States nor Spain signed the original agreement, but both have acceded to it now—Spain, evidently, very much against her will, for her citizens thirsted for the rich booty of our commerce, a fact which makes supremely ridiculous her crazy ravings against our legitimate captures as "American piracy."

DISTRIBUTION OF PRIZE MONEY.

The prize money adjudged to captors is distributed in the following proportions:

1. The commander of a fleet or squadron, one-twentieth part of all prize money awarded to any vessel or vessels under his immediate command.

2. To the commander of a division of a fleet or squadron, a sum equal to one-fiftieth of any prize money awarded to a vessel of the division under his command, to be paid from the moiety due the United States, if there be such moiety; if not, from the amount awarded the captors.

3. To the fleet captain, one-hundredth part of all prize money awarded to any vessel of the fleet in which he is serving, in which case he shall share in proportion to his pay, with the other officers and men on board such vessel.

4. To the commander of a single vessel, one-tenth of all the prize money awarded to the vessel.

5. After the foregoing deductions, the residue is distributed among the others doing duty on board, and borne upon the books of the ship, in proportion to their respective rates of pay.

All vessels of the navy within signal distance of the vessel making the capture, and in such condition as to be able to render effective aid if required, will share in the prize. Any person temporarily absent from his vessel may share in the captures made during his absence. The prize court determines what vessels shall share in a prize, and also whether a prize was superior or inferior to the vessel or vessels making the capture.

The share of prize money awarded to the United States is set apart forever as a fund for the payment of pensions to naval officers, seamen and marines entitled to pensions.