The Diplomatic Correspondence of the American Revolution, Vol. 05
History
The Diplomatic Correspondence of the American Revolution, Vol. 05
United States -- Foreign relations -- 1775-1783; United States -- History -- Revolution, 1775-1783 -- Sources
They have also ascertained the price per head of the transportation of
prisoners, as well as of their subsistence; they have also regulated
the conditions of the exchange of officers and other prisoners made in
merchant vessels, privateers, or others, which are not the King's
ships. Passengers, not being in the service of land or sea, when they
shall have been taken, no matter in what vessel, shall not be regarded
as prisoners, but shall be set at liberty, without being put into the
accounts of exchanges, when they shall have proved that they are in
the case of the exception. All persons, no matter of what
denomination, who shall be shipwrecked in any vessel whatsoever, at
least, if it is not in attempting to land, or in protecting some
depredation upon the coast or in the islands of one or the other of
the two kingdoms, shall be immediately set at liberty, and shall be
furnished with the means of returning to their respective countries,
as well as with clothing, if they have need of it, as soon as their
situation shall be known, and the measures necessary for the purpose
can be taken.
I have the honor to be, with respect, &c.
JOHN ADAMS.
* * * * *
FROM ELBRIDGE GERRY TO JOHN ADAMS.
Philadelphia, May 5th, 1780.
Dear Sir,
The resolutions of Congress for calling in and cancelling the two
hundred millions of dollars emitted by them, have in general been well
received. The depreciation is stopped, and specie, which before the
passing of the Resolves, was sold for upwards of seventy for one, is
now current at sixty, and has been lately at fiftyfive. The advantage
of this plan will be greatest to the landholder, inasmuch as the
national debt, including certificates and foreign demands, does not
now exceed five millions sterling, which is but a trifling sum
compared with the £200,000,000 sterling due from Great Britain.
Another benefit resulting from it, is a supply of five millions of
dollars, of the new emission, every dollar of which is equal to forty
dollars of the old emission. Indeed this must be called in before that
can be realised; nevertheless there is a greater demand among all
ranks for continental money, than there has been since the
commencement of the war, and specie is no longer hoarded by the
disaffected or timid.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account