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
Thus no part of the affair was done without my "_knowledge and
concurrence_," except the sending a million and a half of the specie
to Holland. This was indeed a secret to me. I had heard of that sum's
being ready there to embark, but I always till lately understood it to
be a part of the Dutch loan, which I am about to mention, or I should
certainly have opposed that operation. What Colonel Laurens really
obtained, and a great service I hope it will prove, was a loan upon
interest of ten millions, to be borrowed on the credit of this Court
in Holland. I have not heard, that this loan has yet produced
anything, and, therefore, I do not know that a single livre exists, or
has existed in Europe, of his procuring for the States. On the
contrary, he and you have drawn from me considerable sums, as
necessary for your expenses, and he left me near forty thousand livres
to pay for the Alliance, and, moreover, engaged me in a debt in
Holland, which I understood might amount to about fifteen thousand
pounds sterling, and which you contrived to make fifty thousand
pounds.
When I mentioned to him the difficulty I should find to pay the
drafts, he said, you have the remainder of the six millions. He gave
me no account of the dispositions he had made, and it is but lately I
have learnt that there is no remainder. To gratify you, and to get
that ship out, which could not have stirred without me, I have engaged
for the vast sum abovementioned, which I am sure I shall be much
distressed to pay, and therefore have not deserved at your hands the
affront you are advised to menace me with.
And since I find you make it a point of reflection upon me, that I
want to apply money to the payment of my engagements for the Congress,
which was obtained by Colonel Laurens for other purposes, I must
request, that you will upon this better information take occasion to
correct that error, if you have communicated it to any other person.
By the letters you showed me, that had passed between Mr Adams and
you, I perceived he had imbibed an opinion, that Colonel Laurens had,
as he expressed it, done more for the United States in the short time
of his being in Europe, than all the rest of their Diplomatic Corps
put together. I should never have disputed this, because I had rather
lend a little credit to a friend, than take any from him, especially
when I am persuaded he will make a good use of it; but when his
friends will make such suppositious credit a matter of reproach to
me, it is not right to continue silent.
Public-domain text, read in full here on John Shaqi.
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