The Diplomatic Correspondence of the American Revolution, Vol. 03
History
The Diplomatic Correspondence of the American Revolution, Vol. 03
United States -- Foreign relations -- 1775-1783; United States -- History -- Revolution, 1775-1783 -- Sources
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TO MAJOR WILLIAM JACKSON.
Passy, July 5th, 1781, at 6 in the morning.
Sir,
I have this, instant received your letter of the 2d, urging the
delivery of the money. I must be short in my reply, as your express
waits.
Colonel Laurens indeed obtained a promise of ten millions, to be
raised by a loan in Holland. I understood while he was here, that that
loan was in train, and that the million and a half to be sent with
you was a part of it. I since learn, that nothing has yet been
obtained in Holland, that the success is not yet certain, and that the
money in question is a part of the six millions I had obtained before
his arrival, upon the strength of which I accepted the bills drawn on
his father, and on Mr Jay, and without which acceptances the Congress'
credit in America would have been ruined, and a loss incurred of
twenty per cent upon the protests. I cannot obtain more money here at
present, and those bills being accepted must be paid, as well as those
I accepted on your earnest request, for the great unexpected purchase
you made in Holland.
Colonel Laurens has carried two millions and a half of that six
millions with him, which will serve till the loan in Holland produces
a further supply. In the meantime I cannot suffer the credit of our
country to be destroyed, if by detaining this money it may be saved.
And if I were to consent to its going, our banker would be obliged to
arrest great part of it as belonging to the States, he being in
advance for them, which would occasion much disagreeable noise, and
very ill consequences to our credit in Europe.
I find by Mr Viemerange's account just received, that Mr Laurens's
orders have more than absorbed all the money he did not take with him.
I applaud the zeal you have both shown in the affair, but I see, that
nobody cares how much I am distressed, provided they can carry their
own points. I must, therefore, take what care I can of mine, theirs
and mine being equally intended for the service of the public. I am
sorry to learn, that the vessel is detained for this express. I
understood by your last, that she waited for convoy. I heartily wish
you a good voyage, and am, with great esteem, &c.
B. FRANKLIN.
* * * * *
TO MAJOR WILLIAM JACKSON.
Passy, July 5th, 1781.
Sir,
I received your letter of the 2d instant, by your first express, this
morning at six, answered it, and sent him away immediately. I have
just now received your second express of the same date, in which you
threaten me with a proceeding, that I apprehend exceedingly imprudent,
as it can answer no good end to you, must occasion much scandal, and
be thereby very prejudicial to the affairs of the Congress.
Public-domain text, read in full here on John Shaqi.
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