The Diplomatic Correspondence of the American Revolution, Vol. 04
History
The Diplomatic Correspondence of the American Revolution, Vol. 04
United States -- Foreign relations -- 1775-1783; United States -- History -- Revolution, 1775-1783 -- Sources
By the papers enclosed with this, Congress will perceive the
discontented and tumultuous state of the three kingdoms of England,
Scotland, and Ireland, which is so great and so rapidly increasing,
that the United States will have little to fear from reinforcements of
their enemies the ensuing campaign. All their forces will be necessary
to keep in order their own riotous populace, and to replace those
which are daily consuming in the West Indies. There is, however, no
prospect of their evacuating either New York or Rhode Island. The
possession of those places is so indispensable for the preservation of
their West India and other trade, as well as of their other dominions
in America, that nothing but the last necessity will induce them to
give them up.
The greatest source of danger and unhappiness to the States then
probably will be a depreciating currency. The prospect of a loan in
Europe, after every measure that has been or could be taken, I think
it my duty to say frankly to Congress, is very unpromising. The causes
of this are very obvious, and cannot be removed; the state of our
country itself, and the course of exchange, would be sufficient to
discourage such a loan, if there were no other obstruction, but there
are many others. There are more borrowers in Europe than lenders, and
the British loan itself will not be made this year at a less interest
than seven and a half per cent.
I see no hope of relief, but from economy and taxation, and those I
flatter myself will be found sufficient, if the people are once
convinced of the necessity of them. When a people are contending not
only for the greatest object, that any people ever had in view, but
for security from the greatest evil that any nation ever had to dread,
(for there is at this hour no medium between unlimited subjugation to
Parliament and entire sovereignty) they must be destitute of sense as
well as of virtue, if they are not willing to pay sufficient sums
annually to defray the necessary expense of their defence in future,
supported as they are by so powerful an ally, and by the prospect of
others, against a kingdom already exhausted, without any ally at all,
or a possibility of obtaining one. As this is the first time I have
had the honor to address myself to Congress, since we received the
news of your Excellency's appointment to the chair, you will please
to accept of my congratulations on that event.
I have the honor to be, with the highest esteem, &c.
JOHN ADAMS.
* * * * *
TO JOHN JAY, PRESIDENT OF CONGRESS.
Passy, March 1st, 1779.
Sir,
Public-domain text, read in full here on John Shaqi.
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