Benjamin FranklinMorse, John T., Jr. (John Torrey)
History
Benjamin Franklin
Morse, John T., Jr. (John Torrey)
Franklin, Benjamin, 1706-1790
We next hear of his troubles in paying the bills which Congress,
according to its usual custom, was drawing upon Jay. They sent Jay to
Spain, and told him to borrow money there; and as soon as they had got
him fairly at sea, they began drawing drafts upon him. He soon found
himself, as he said, in a "cruel situation," and the torture of mind
which he endured and the responsibility which he assumed are well known.
He courageously accepted the bills, trusting to Providence and to
Franklin, who seemed the agent of Providence, to arrange for their
payment. Franklin did not fail him. One of Jay's earliest letters to
Franklin said: "I have no reason as yet to think a loan here will be
practicable. Bills on me arrive daily. Be pleased to send me a credit
for the residue of our salaries." Five days later: "Bills to the amount
of $100,000 have arrived. A loan cannot be effected here." And so on. In
April, 1781, his appeal became pathetic: "Our situation here is daily
becoming more disagreeable from the want of our salaries; to be obliged
to contract debts and live on credit is terrible. I have not to this day
received a shilling from America, and we should indeed have been greatly
distressed, had it not been for your good offices." An American minister
without resources to pay his butcher and his grocer, his servant and his
tailor, presented a spectacle which moved Franklin to great efforts! In
plain truth, Jay and his secretary, Carmichael, were dependent upon
Franklin for everything; they not only drew on him for their salaries to
pay daily household expenses, but they sent him lists of the bills
accepted by them for the "honor of Congress," and which they had no
means of paying. It was fortunate that these two men were willing to
incur such peril and anxiety in behalf of this same "honor of Congress,"
which otherwise would soon have been basely discredited; for that body
itself was superbly indifferent on the subject, and did not pretend to
keep faith even with its own agents.
Thus matters continued to the end. Congress pledged itself not to draw
bills, and immediately drew them in batches. Jay could report to
Franklin only scant and reluctant promises won from the Spanish court;
and small as these engagements were, they were ill kept. Perhaps they
could not be kept; for, as Jay wrote, there was "little coin in Egypt,"
the country was really poor. So the end of it always was that Franklin
remained as the only resource for payments, to be made week after week,
of all sorts of sums ranging from little bills upon vessels up to great
totals of $150,000 or $230,000 upon bankers' demands. Such was the
burden of a song which had many more woeful stanzas than can be repeated
here.
Public-domain text, read in full here on John Shaqi.
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