Autobiography of Benjamin FranklinFranklin, Benjamin
History
Autobiography of Benjamin Franklin
Franklin, Benjamin
Franklin, Benjamin, 1706-1790; Statesmen -- United States -- Biography
War being in a manner commenced with France, the government of
Massachusetts Bay projected an attack upon Crown Point,[95] and sent
Mr. Quincy to Pennsylvania, and Mr. Pownall, afterward Governor
Pownall, to New York, to solicit assistance. As I was in the Assembly,
knew its temper, and was Mr. Quincy's countryman, he appli'd to me for
my influence and assistance. I dictated his address to them, which was
well received. They voted an aid of ten thousand pounds, to be laid
out in provisions. But the governor refusing his assent to their bill
(which included this with other sums granted for the use of the
crown), unless a clause were inserted exempting the proprietary estate
from bearing any part of the tax that would be necessary, the
Assembly, tho' very desirous of making their grant to New England
effectual, were at a loss how to accomplish it. Mr. Quincy labored
hard with the governor to obtain his assent, but he was obstinate.
[95] On Lake Champlain, ninety miles north of Albany. It
was captured by the French in 1731, attacked by the
English in 1755 and 1756, and abandoned by the French in
1759. It was finally captured from the English by the
Americans in 1775.
I then suggested a method of doing the business without the governor,
by orders on the trustees of the Loan office, which, by law, the
Assembly had the right of drawing. There was, indeed, little or no
money at that time in the office, and therefore I propos'd that the
orders should be payable in a year, and to bear an interest of five
per cent. With these orders I suppos'd the provisions might easily be
purchas'd. The Assembly, with very little hesitation, adopted the
proposal. The orders were immediately printed, and I was one of the
committee directed to sign and dispose of them. The fund for paying
them was the interest of all the paper currency then extant in the
province upon loan, together with the revenue arising from the excise,
which being known to be more than sufficient, they obtain'd instant
credit, and were not only receiv'd in payment for the provisions, but
many money'd people, who had cash lying by them, vested it in those
orders, which they found advantageous, as they bore interest while
upon hand, and might on any occasion be used as money; so that they
were eagerly all bought up, and in a few weeks none of them were to be
seen. Thus this important affair was by my means completed. Mr. Quincy
return'd thanks to the Assembly in a handsome memorial, went home
highly pleas'd with this success of his embassy, and ever after bore
for me the most cordial and affectionate friendship.
XVI
BRADDOCK'S EXPEDITION
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