The Diplomatic Correspondence of the American Revolution, Vol. 07
History
The Diplomatic Correspondence of the American Revolution, Vol. 07
United States -- Foreign relations -- 1775-1783; United States -- History -- Revolution, 1775-1783 -- Sources
He then proceeded to speak of the bills of exchange in the
possession of the Messrs Joyce, and seemed to be surprised
that that House should be possessed of so many of them. He
advised Mr Jay to be cautious of those gentlemen, saying,
that they were as much English in their hearts as the
Ministry of that country; that he had known them long, that
he thought their conduct extraordinary in being so urgent
for the acceptance of these bills. Mr Jay then informed his
Excellency, that he had paid those gentlemen a visit in order
to obtain further time, and that they had consented to wait
until Monday next. The Count mentioned a fortnight or three
weeks as necessary, in order that he might have an
opportunity of seeing the person he had sent for, and making
some arrangements with him. He said, that it would be more
agreeable to his Majesty to pay those bills at Cadiz, Bilboa,
or Amsterdam, than here; lamented the precipitancy with which
Congress had entered into this measure, saying, that if they
had previously addressed the King on the subject, ways and
means might have been found, either to transport from their
possessions in America specie for the service of Congress, or
to have enabled them to have drawn bills of exchange at a
shorter sight, which would have prevented the loss of one
third of the money to which Congress had subjected
themselves, by the terms on which the present bills were
sold. Mr Jay assured his Excellency, that by letters he had
received from America, from members of Congress and others,
he was informed, that the terms were judged so unfavorable to
the buyers, that the bills drawn on him sold heavily from
that circumstance solely, and not from any doubt of their
credit and payment.
Public-domain text, read in full here on John Shaqi.
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