The Diplomatic Correspondence of the American Revolution, Vol. 02
History
The Diplomatic Correspondence of the American Revolution, Vol. 02
United States -- Foreign relations -- 1775-1783; United States -- History -- Revolution, 1775-1783 -- Sources
I perceive by the journals, that a Committee is appointed for
framing a plan of a foreign loan. It is my duty to say, that there
is not the least probability, in the present situation of things,
of obtaining any adequate loan in Europe, and to beseech Congress
not to let the vain expectation of that divert their attention from
trying every resource at home. It is necessary, that the impressions
to our discredit, which have arisen from the unsuccessful attempts
that have been already made, should be allowed to wear off, and some
favorable event occur, such as the enemy being obliged to draw off
their troops, before it will be possible to succeed in such a plan.
In the meantime, the repetition of ineffectual attempts will only
debase your credit more, and especially, if they are accompanied with
the offer of more than ordinary interest, which ever augments the
suspicion of the insecurity of the principal, and that the borrowers
are themselves conscious of their insufficiency.
It gives me pain to mention what regards myself so often; but
Congress will permit me to repeat, that if it should not please them
to recall me, it is absolutely necessary that some provision should
be made for the support of my mission, independent of Dr Franklin.
If, in the meantime, the State of Virginia should reimburse me what I
have advanced for them, that will be a fund, and I will immediately
give Congress advice of it. I must also beg, that Congress will fix
a sum for my expenses, both that I may not exceed what is thought
reasonable, nor have my time and attention employed in keeping
accurate accounts of expenses, which I never did do, nor ever shall
to my own satisfaction, or I believe to that of any one else. So that
if this is expected, it will expose me to censure, which I wish to
avoid.
The little time that remains from daily attention to public business,
and in collecting and digesting what relates to it, I wish to
devote to private correspondence and reading. I have, therefore,
thought it always sufficient to proportion my expenses in general
to my situation and means, without a minute attention to them in
detail. Whatever Congress fixes as reasonable will be the rule of my
conduct, and it will spare both them and myself a great deal of, as I
conceive, unnecessary trouble.
Public-domain text, read in full here on John Shaqi.
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