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
As to your finances here, it is fit that you should know the state of
them. When the Commissioners of Congress made the proposition of
paying the interest at Paris of the money borrowed in America, they
understood the loan to be of five millions of dollars. They obtained
from government sums more than sufficient for the interest of such a
sum. That sum has been increased, and if they could otherwise have
provided for it, they have been from time to time drained by a number
of unforeseen expenses, of which the Congress had no knowledge, and of
others, occasioned by their orders and drafts; and the cargoes sent to
the Commissioners by the Committee have some of them been
treacherously run away with by the seamen, or taken by the enemy, or,
when arrived, have been hitherto applied toward the payment of debts,
the tobaccos to the Farmers-General according to contract, and the
rice and indigo to Messrs Hortalez & Co. from whom, by the way, we
have not yet been able to procure any account.
I have lately employed an accountant, the son of our banker, to form
complete books of our accounts, to be sent to Congress. They are not
yet ready. When they are, I shall send them by the first safe
opportunity. In the meantime, I may just mention some particulars of
our disbursements. Great quantities of clothing, arms, ammunition, and
naval stores, sent from time to time; payment of bills from Mr
Bingham, one hundred thousand livres; Congress bills in favor of
Haywood & Co. above two hundred thousand; advanced to Mr Ross, about
twenty thousand pounds sterling; paid Congress drafts in favor of
returned officers, ninetythree thousand and eighty livres; to our
prisoners in England, and after their escape to help them home, and to
other Americans here in distress, a great sum; I cannot at present say
how much; supplies to Mr Hodge for fitting out Captain Cunningham,
very considerable; for the freight of ships to carry over the
supplies, great sums; to Mr William Lee, and Mr Izard, five thousand
five hundred pounds sterling; and for fitting the frigates Raleigh,
Alfred, Boston, Providence, Alliance, Ranger, &c. I imagine not less
than sixty or seventy thousand livres each, taken one with another;
and for the maintenance of the English prisoners, I believe, when I
get in all the accounts, I shall find one hundred thousand livres not
sufficient, having already paid above sixtyfive thousand on that
article. And now the drafts of the Treasurer of the loans, coming very
fast upon me, the anxiety I have suffered, and the distress of mind
lest I should not be able to pay them, has for a long time been very
great indeed.
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