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
Your design of sending cargoes of tobacco and other things to
Amsterdam, to Messrs Willinks & Co. is the best possible to support
our credit there. The more you send, the more money will be obtained.
Send a Minister too; residing there, he may promote it much. It is a
misfortune, that I have not been able to be there, but this post
cannot be deserted. Instruct your Minister to inquire whether the
House of Hope could be persuaded to engage with Willinks in a new
loan. This should be done with secrecy and discretion. If that House
would undertake it, you would find money enough for your purpose, for
I rely upon it, the States will adopt a plan immediately for the
effectual payment of interest. This is indispensable. The foundation
of a happy government can only be laid in justice; and as soon as the
public shall see, that provision is made for this, you will no longer
want money.
It is a maxim among merchants and monied men, that "every man has
credit who does not want it." It is equally true of States. We shall
want it but little longer, if the States make provision for the
payment of interest, and therefore we shall have enough of it. There
is not a country in the world whose credit ought to be so good,
because there is none equally able to pay.
Enclosed is a pamphlet of Dr Price's, for your comfort. You will see
by it, that the only nation we have reason to fear wants credit so
much, that she is not likely to have it always, and this is our
security. By some hints from Mr Hartley, he will probably return to
London, and not be here again. The present Ministry is so undecided
and feeble, that it is at least doubtful whether they will make the
definitive treaty of peace.
With great respect, &c.
JOHN ADAMS.
* * * * *
TO ROBERT MORRIS.
Paris, July 11th, 1783.
Sir,
In my letter to you of yesterday, I hinted in confidence, at an
application to the house of Hope. This is a very delicate measure. I
was induced to think of it merely by a conversation which M. Van
Berckel, (who will soon be with you, as he sailed the 26th of June
from the Texel,) had with M. Dumas. It would be better to be steady to
the three Houses already employed, if that is possible. You will now
be able to converse freely with that Minister upon the subject. I
should not advise you to take any decisive resolution at Philadelphia,
but leave it to your Minister to act as shall appear to him best upon
the spot. The Houses now employed are well esteemed, and I hope will
do very well. But no House in the Republic has the force of that of
Hope.
Public-domain text, read in full here on John Shaqi.
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