ARBITRATION

Arbitration is equally applicable to differences between persons and nations; in the former it means that the parties concerned have good sense enough to see that friendly arbitration means, or ought to mean, that each party is desirous of acting rightly, and therefore appoints one or more arbitrators, known and respected by both parties, but not directly interested in either side, to think over the points in dispute, and give their opinion as to how the point or points in dispute ought to be settled.