However, Sir, the King does not undertake to point out to Congress the means which may be employed to indemnify the French, who are holders of the paper money. His Majesty, with respect to that, relies entirely on the justice and wisdom of that assembly. I have the honor to be, &c. DE VERGENNES. * * * * * COMMITTEE OF FOREIGN AFFAIRS TO B. FRANKLIN. Philadelphia, July 11th, 1780. Sir, After the repeated remonstrances, which you have made to Congress on the subject of bills of exchange, the enclosed resolution we are well aware will need an apology. We regret, that you should have so much trouble, and be put to so many expedients in matters of this kind, well knowing how delicate a point it is to solicit further advances, after so many have already been made. Congress, attending to your letters and representations, have taken this step with reluctance; but the present crisis, when not only the preparations for a vigorous campaign call for large expenditures, but the expectation of a co-operating force makes great additions necessary, has induced them to risk the sum mentioned. The bills will not be drawn faster than indispensable exigencies may require, and it is to be hoped, that this mode of commanding cash will not be again resorted to. We are, Sir, &c. JAMES LOVELL, W. C. HOUSTON. * * * * * THE COMMITTEE OF FOREIGN AFFAIRS TO B. FRANKLIN. Philadelphia, July 11th, 1780. Sir, Congress having appointed the Honorable Henry Laurens to solicit a loan of money in the United Provinces of the Low Countries, in order to facilitate his success the enclosed resolution has been passed. We need say nothing to explain or urge it, except that it is thought a mark of attention and confidence due to those powers named in it, that their interest, if the state of politics inclines them to exert it, will have a good effect; and, that the want of money makes this loan a very capital object to the United States. You will, we are sure, give Mr Laurens every assistance in your power, and solicit the countenance of the Court where you reside to forward his negotiations. Until Mr Laurens shall arrive, Mr Adams is commissioned and empowered to undertake that business, and, in case of his disability, Mr Dana is in like manner commissioned and empowered. We are, Sir, your humble servants, JAMES LOVELL, W. C. HOUSTON. * * * * * THE COMMITTEE OF FOREIGN AFFAIRS TO B. FRANKLIN. Philadelphia, July 11th, 1780. Sir,