ARBITRATIONn. [1.] A modern device for promoting strife by substituting for an original dispute a score of inevitable disagreements as to the manner of submitting it for settlement. [2.] A patent medicine for allaying international heat, designed to supersede the old-school treatment of blood-letting. It makes the unsuccessful party to the dispute hate two or more nations instead of one — to the unspeakable advantage of peace.