Benjamin FranklinMorse, John T., Jr. (John Torrey)
History
Benjamin Franklin
Morse, John T., Jr. (John Torrey)
Franklin, Benjamin, 1706-1790
In November, 1781, came a long letter from Livingston; everything was
wanted; but especially the States must have _money_! December 31, a day
that often brings reflection on matters financial, de Vergennes sent a
brief warning; 1,000,000 livres, which had been promised, Franklin
should have, but not one livre more under any circumstances; if he had
accepted, or should accept, Morris's drafts in excess of this sum, he
must trust to his own resources to meet his obligations. Accordingly on
January 9, 1782, he wrote to Morris: "Bills are still coming in
quantities.... You will see by the inclosed letter the situation I am at
last brought into.... I shall be able to pay till the end of February,
when, if I can get no more money, I must stop."
Ten days later he writes to Jay that his solicitations make him appear
insatiable, that he gets no assurances of aid, but that he is "very
sensible" of Jay's "unhappy situation," and therefore manages to send
him $30,000, though he knows not how to replace it. In the sad month of
March, 1782, Lafayette nobly helped Franklin in the disagreeable task of
begging, but to little purpose; for at length there seemed a general
determination to furnish no more money to the States. The fighting was
over, and it seemed reasonable that the borrowing should be over
likewise.
In February, 1782, Franklin says that Mr. Morris supposes him to have a
sum "vastly greater than the fact," and has "given orders far beyond my
abilities to comply with." Franklin was regarded as a miraculous orange
which, if squeezed hard enough, would always yield juice! It could not
have been reassuring, either, to have one of the American agents at this
time ask to have 150,000 livres advanced to him _at once_; especially
since the frankly provident gentleman based his pressing haste upon the
avowed fear that, as business was going on, Franklin's embarrassments in
money matters were likely to increase.
February 13, 1782, Livingston wrote a letter which must have excited a
grim smile. He comforts himself, in making more "importunate demands,"
by reflecting that it is all _for the good of France!_ which thought, he
says, may enable Franklin to "press them with some degree of dignity."
Franklin's sense of humor was touched. That means, he says, that I am to
say to de Vergennes: "Help us, and we shall not be obliged to you." But
in some way or another, probably not precisely in this eccentric way, he
so managed it that in March he wheedled the French government into still
another and a large loan of 24,000,000 livres payable quarterly during
the year. March 9 he informs Morris "pretty fully of the state of our
funds here, by which you will be enabled so to regulate your drafts as
that our credit in Europe may not be ruined and your friend killed with
vexation."
Public-domain text, read in full here on John Shaqi.
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