Revolutionary Heroes, and Other Historical Papers — John Shaqi
Revolutionary Heroes, and Other Historical PapersParton, James
History
Revolutionary Heroes, and Other Historical Papers
Parton, James
United States -- History -- Revolution, 1775-1783 -- Biography
I do not see how the revolution could have been maintained unless some
such person could have been found to undertake the finances. When
all other resources gave out he never refused to employ his private
resources, as well as the immense, unquestioned credit of his firm, in
aid of the cause. On several occasions he borrowed money for the use
of the government, pledging all his estate for the repayment. In 1780,
aided by the powerful pen of Thomas Paine, he established a bank through
which three million rations were provided for the army. Fortunately, he
was reputed to be much richer than he was, and thus he was several times
enabled to furnish an amount of assistance far beyond the resources of
any private individual then living in America.
His greatest achievement was in assisting General Washington in 1781
to transport his army to Virginia, and to maintain it there during
the operations against Lord Cornwallis. In the spring of that year the
revolution appeared to be all but exhausted. The treasury was not merely
empty, but there was a floating debt upon it of two millions and a half,
and the soldiers were clamorous for their pay. The Superintendent of
Finance rose to the occasion. He issued his own notes to the amount of
fourteen hundred thousand dollars by which the army was supplied with
provisions and the campaign carried on to the middle of August.
Then General Washington, in confidence, revealed to Robert Morris his
intention to transport his army to Virginia. To effect this operation
the general required all the light vessels of the Delaware and
Chesapeake, six hundred barrels of provisions for the march, a vast
supply in Virginia, five hundred guineas in gold for secret service, and
a month's pay in silver for the army. When this information reached the
superintendent he was already at his wits' end, and really supposed that
he had exhausted every resource.
"I am sorry to inform you," he wrote to the general, "that I find money
matters in as bad a situation as possible."
And he mentions in his diary of the same date that, during a recent
visit to camp, he had had with him one hundred and fifty guineas; but
so many officers came to him with claims upon the government, that he
thought it best to satisfy none, and brought the money home again.
After unheard-of exertions, he contrived to get together provisions and
vessels for the transportation. But to raise the hard money to comply
with General Washington's urgent request for a month's pay for the
troops, was beyond his power. At the last moment he laid the case before
the French admiral, and borrowed for a few weeks from the fleet treasury
twenty thousand silver dollars. Just in the nick of time, Colonel
Laurens arrived from France with five hundred thousand dollars in cash,
which enabled Morris to pay this debt, and to give General Washington
far more efficient support than he had hoped.
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