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
My last particular despatches contained a copy of my letter to Count
de Vergennes, requesting his aid. I received from Count de Montmorin
an extract of a letter he had received from the Minister on that
subject, in which he mentions the advances made to Dr Franklin, and
the improbability of his being able to assist me, but concluded with
saying, he would do his best. Shortly after, I received a letter from
Count de Vergennes, which left me without hopes of succor from that
quarter, except that Dr Franklin promised to accept my drafts to the
amount of twentyfive thousand dollars.
In December following, I had a long and interesting conference with
Count de Florida Blanca, the particulars of which it is not necessary
minutely to enumerate by this opportunity. He expressly promised me
one hundred and fifty thousand dollars. As the bills afterwards became
due, I applied for money to pay them, and received it to the amount of
thirtyfour thousand eight hundred and eighty dollars.
On the 15th of March I sent him a list of the bills payable in April,
which amounted to eightynine thousand and eightythree dollars.
On the 25th, I was informed that the payment of this sum could not
then be possibly made, but that the balance due on the one hundred and
fifty thousand dollars promised, should be paid in the course of six
months.
I communicated this matter to the Ambassador of France, and I must do
him the justice to say, that his conduct on this occasion merits our
thanks. All he could obtain from this Court was, that the amount of
the April bills should be paid me in six equal monthly payments. This
arrangement still leaving me unprovided with the means of satisfying
the approaching demands, the Ambassador made personal application to a
rich banker here, and on his personal credit and my consenting that
the aforesaid six monthly payments should be applied to the repayment,
obtained a loan for me of the whole sum wanted for April. I have
passed my note for it, payable as soon as possible, with interest at
the rate of six per cent. But this provision not extending beyond
April, the fate of the bills payable in the succeeding months still
remained dubious. That nothing in my power might be left undone, I
sent on the 1st of April an express to Dr Franklin representing to him
my true situation, and the injuries our credit would sustain from the
protest of a single bill drawn by order of Congress. I desired him to
communicate my letter to Colonel Laurens, to whom I also wrote on the
subject. The express returned on the 19th instant, with a letter from
Dr Franklin, by which I am authorised to draw upon him as occasion may
require, to the amount of one hundred and fortytwo thousand two
hundred and twenty dollars, towards paying the bills that become due
between May and September.
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