Benjamin FranklinMorse, John T., Jr. (John Torrey)
History
Benjamin Franklin
Morse, John T., Jr. (John Torrey)
Franklin, Benjamin, 1706-1790
No sooner had Adams got comfortably settled at home than he was obliged
to return again to Europe. Franklin, Jay, Laurens, Jefferson, and he
were appointed by Congress commissioners to treat for peace, whenever
the fitting time should come; and so in February, 1780, he was back in
Paris. But peace was still far away in the future, and Adams, meanwhile,
finding the intolerable incumbrance of leisure upon his hands,
exorcised the demon by writing long letters to de Vergennes upon sundry
matters of interest in American affairs. It was an unfortunate scheme.
If Nature had maliciously sought to create a man for the express purpose
of aggravating de Vergennes, she could not have made one better adapted
for that service than was Adams. Very soon there was a terrible
explosion, and Franklin, invoked by both parties, had to hasten to the
rescue, to his own serious injury.
On May 31, 1780, in a letter to the president of Congress, Franklin
said: "A great clamor has lately been made by some merchants, who say
they have large sums on their hands of paper money in America, and that
they are ruined by some resolution of Congress, which reduces its value
to one part in forty. As I have had no letter explaining this matter I
have only been able to say that it is probably misunderstood, and that I
am confident the Congress have not done, nor will do, anything unjust
towards strangers who have given us credit." Soon afterward Adams got
private information of the passage of an act for the redemption of the
paper money at the rate of forty dollars for one in silver. At once he
sent the news to de Vergennes. That statesman took fire at the tidings,
and promptly responded that foreigners ought to be indemnified for any
losses they might suffer, and that Americans alone should "support the
expense which is occasioned by the defense of their liberty," and should
regard "the depreciation of their paper money only as an impost which
ought to fall upon themselves." He added that he had instructed the
Chevalier de la Luzerne, French minister to the States, "to make the
strongest representations on this subject" to Congress.
Public-domain text, read in full here on John Shaqi.
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