62 F. 761 | 5th Cir. | 1894
(after stating the facts). “Salvage, in its simple character, is the service which volunteer adventurers spontaneously render to the owners in the recovery of property from loss- or damage at sea under the responsibility of making restitution, and with a lien for their reward.” Mad. Shipp. 608. “Salvage is the compensation due to persons by whose voluntary assistance a ship or its lading has been saved to the owner from impending peril, or recovered after actual loss.” Ben. Adm. § 300. “Salvage consists of an adequate compensation for the actual outlay of labor and expense used in the enterprise, and of the reward as bounty allowed from motives of public policy as a means of encouraging extraordinary exertions in the saving of life and property in peril at sea.” The Egypt, 17 Fed. 359. “The amount awarded as salvage comprises two elements, viz.: adequate remuneration,