Mr Bingham too complains of me for refusing some of his drafts, as very hurtful to his credit, though he owns he had no orders from Congress to authorise those drafts. I never undertook to provide for more than the payment of the interest bills of the first loan. The Congress have drawn on me very considerably for other purposes, which has sometimes greatly embarrassed me, but I have duly accepted and found means to pay their drafts; so that their credit in Europe has been well supported. But if every agent of Congress in different parts of the world is permitted to run in debt, and draw upon me at pleasure to support his credit, under the idea of its being necessary to do so for the honor of Congress, the difficulty upon me will be too great, and I may in fine be obliged to protest the interest bills. I therefore beg that a stop may be put to such irregular proceedings. Had the loans proposed to be made in Europe succeeded, these practices might not have been so inconvenient, but the number of agents from separate States running all over Europe, and asking to borrow money, has given such an idea of our distress and poverty as makes every body afraid to trust us. I am much pleased to find that Congress has at length resolved to borrow of our own people, by making then future bills bear interest. This interest duly paid in hard money, to such as require hard money, will fix the value of the principal, and even make the payment of the interest in hard money for the most part unnecessary, provided always that the quantity of principal be not excessive. A great clamor has lately been made here by some merchants, who say they have large sums in their hands of paper money in America, and that they are ruined by some resolution of Congress, which reduces its value to one part in forty. As I have had no letter explaining this matter, I have only been able to say, that it is probably misunderstood, and that I am confident the Congress have not done, nor will do, anything unjust towards strangers, who have given us credit. I have indeed been almost ready to complain, that I hear so little and so seldom from Congress, or from the Committee of Correspondence, but I know the difficulty of communication, and the frequent interruption it meets in this time of war. I have not yet received a line this year, and the letters written by the Confederacy, as I suppose some must have been written by her, have not yet come to hand.