The Autobiography of Benjamin FranklinFranklin, Benjamin
ReligionComparative
The Autobiography of Benjamin Franklin
Franklin, Benjamin
Franklin, Benjamin, 1706-1790; Statesmen -- United States -- Biography
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 compleated. My Quincy
return'd thanks to the Assembly in a handsome memorial, went home
highly pleas'd with the success of his embassy, and ever after bore for
me the most cordial and affectionate friendship.
The British government, not chusing to permit the union of the colonies
as propos'd at Albany, and to trust that union with their defense, lest
they should thereby grow too military, and feel their own strength,
suspicions and jealousies at this time being entertain'd of them, sent
over General Braddock with two regiments of regular English troops for
that purpose. He landed at Alexandria, in Virginia, and thence march'd
to Frederictown, in Maryland, where he halted for carriages. Our
Assembly apprehending, from some information, that he had conceived
violent prejudices against them, as averse to the service, wish'd me to
wait upon him, not as from them, but as postmaster-general, under the
guise of proposing to settle with him the mode of conducting with most
celerity and certainty the despatches between him and the governors of
the several provinces, with whom he must necessarily have continual
correspondence, and of which they propos'd to pay the expense. My son
accompanied me on this journey.
Public-domain text, read in full here on John Shaqi.
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