"I fear your Excellency will consider the intelligence here given, less full and precise than you expected. I regret that it is not in my power to render it more so but it is not. I hope however it will be thought sufficient to open a way to those further discussions, which must precede the measures necessary to bind America to Spain, as well as to France, and thereby complete the division and consequently the humiliation of the British Empire; a work too glorious and laudable not to merit the notice of so magnanimous a Prince as his Majesty, and engage the attention of a Minister of such acknowledged abilities as your Excellency. "I flatter myself that the importance of the subject will apologise for my trespassing so long on your Excellency's patience so soon after your return to Aranjues. "I have the honor to be, &c. JOHN JAY." This letter gives occasion for many observations, which I am persuaded will not escape Congress, and therefore I forbear repeating them. Your Excellency will be pleased to observe, that on some of the subjects of it I ought to be without delay apprised of the intentions of Congress, and furnished with such information and instructions as may be necessary to enable me to fulfil them. On the 27th of April last, I received at Madrid a letter from the Committee of Foreign Affairs, enclosing copies of the resolutions of Congress of the 23d and 29th of November, 1779, for drawing on Mr Laurens and myself for £100,000 sterling each. I went the next day to Aranjues, and the day after wrote to the Count de Florida Blanca, in the words following, viz. "Aranjues, April 29th, 1780. "Sir, "By the address of Congress to their constituents on the subject of their finances, which I had the honor of transmitting to your Excellency, you have doubtless observed, that in September last Congress came to a resolution of emitting no more bills, than, with those already emitted and in circulation, would amount to 200,000,000 of dollars; that about the same time they called upon their constituents to raise money by taxes, and assigned the first day of January last for the first payment, at which day it was supposed, that the bills to be emitted would be nearly expended.