_P. S._ Apprehensive of being tedious when I wrote the above, I said nothing on the methods for paying the interest for the first two or three years, until a certain revenue can be established, for considering the present depreciated state of our currency, and the scarcity of specie, it cannot be instantly expected. I take therefore the liberty of suggesting two methods, one of which will most certainly answer the purpose. The first is to borrow of France or Spain, the interest money for the first three years, by which, the interest punctually paid, a credit will become established, and future loans may be made if wanted, and our commerce will be so far restored, that it will not be difficult to raise specie equal to the payment. But should this method fail, there still remains a certain resource, for even if the plan for equipping a navy be adopted, yet there will still remain in bank, as will be seen by the calculation and estimate, a sum sufficient for more than three years interest. SILAS DEANE. FOOTNOTES: [18] There seems to be a mistake here, if the author's mode of reckoning five livres to the dollar be adopted. The sum would then be one million four hundred and seventy three thousand dollars. * * * * * TO THE PRESIDENT OF CONGRESS. Philadelphia, 19th November, 1778. Sir, I did myself the honor of writing to you on the 7th of October last, and having since received a letter from Mr Williams, I send it enclosed, to show Congress that the monies mentioned by Mr A. Lee, in his letter of the 1st of June last, to have been received by that gentleman, have, in the opinion of two of the commissioners, been well laid out and faithfully accounted for. It gives me great pleasure to find, that the clothes contracted for by Mons. Monthieu, Messrs Holker, Sabbatier, and Desprez, and others, are on examination approved of, and allowed to be the best of the kind, both as to the quality of the cloth and fashion they are made in, of any that have ever been imported; it is indeed a fortunate circumstance, that out of near forty thousand suits so few have been intercepted. As Mr A. Lee, in his letters, has insinuated that the contracts for these clothes were made entirely by me, and has charged me with great extravagance in them, I beg leave to inform Congress, that these suits complete, and delivered on board, do not cost, on an average, thirtysix livres, or thirtyone shillings and sixpence sterling the suit. I labored hard to send over shoes, stockings, and shirts in proportion, and so far as it was effected, the suit complete, with shoes, stockings and shirt, does not amount in the whole to forty shillings sterling. These facts being known, I am content to take on myself the merit or demerit of furnishing these supplies.