The Diplomatic Correspondence of the American Revolution, Vol. 01
History
The Diplomatic Correspondence of the American Revolution, Vol. 01
United States -- Foreign relations -- 1775-1783; United States -- History -- Revolution, 1775-1783 -- Sources
The desire of getting money immediately to command the preparations
for the ensuing campaign, and of interesting so powerful a body as the
Farmers-General, who in fact make the most efficient part of
government here, and the absolute part in all commercial or monied
concerns, induced us to concede to these terms, which may possibly in
the estimate of the price of tobacco be low, but which upon the whole
we judged necessary, and we hope will be advantageous. So strong is
the inclination of the wealthy here to assist us, that since this
agreement we are offered a loan of two million of livres, without
interest, and to be repaid when the United States are settled in peace
and prosperity. No conditions or securities are required, not even an
engagement from us. We have accepted this generous and noble
benefaction; five hundred thousand livres, or one quarter, is to be
paid into the hands of our banker this day, and five hundred thousand
more every three months.
As the ships we were ordered to hire, or buy from this Court, cannot
be obtained, it being judged absolutely necessary to keep their whole
naval force at home, ready in case of a rupture, we think of
purchasing some elsewhere, or of building, in order as far as possible
to answer the views of Congress. Of this we shall write more fully in
our next. In the mean time we cannot but hint, that this seems to us a
fair opportunity of supporting the credit of the paper money you
borrow, as you may promise payment in specie of the interests, and may
draw upon us for the same with all confidence. We cannot for several
weighty reasons be more explicit at present, but shall hereafter.
Present our dutiful respects to the Congress, and assure them of our
most faithful services.
We are, gentlemen, &c.
BENJAMIN FRANKLIN,
SILAS DEANE,
ARTHUR LEE.
_P. S. 22d January._ Our agreement with the Farmers-General is not yet
signed, and perhaps some small changes may be made in it, but as these
will probably not be very material, we wish measures may be taken
immediately for the purchase of the tobacco. We shall send by the next
opportunity, a copy of the contract. We have received the five hundred
thousand livres mentioned above; it is now at our disposal in the
hands of our banker, who has orders to advance us the second payment
if we desire it, and he is ready to do it. We are, on the strength of
this, in treaty for some strong ships. Ten thousand French troops are
on their march to Brest. But America should exert herself, as if she
had no aid to expect, but from God and her own valor.
FOOTNOTES:
[28] This commission and plan of a Treaty may be found in the _Secret
Journals of Congress_, Vol. II. pp. 7, 32.
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