The Diplomatic Correspondence of the American Revolution, Vol. 08
History
The Diplomatic Correspondence of the American Revolution, Vol. 08
United States -- Foreign relations -- 1775-1783; United States -- History -- Revolution, 1775-1783 -- Sources
M. Cabarrus had offered to advance, or rather to supply me with any
sum of money, that the Minister would authorise him to furnish, on the
same terms on which he procured money for the government. The answer I
received to this proposition was, that the government had occasion for
all the money that M. Cabarrus could possibly collect. He also
repeatedly offered to advance the money wanted for the month of March,
if the Minister or the Ambassador of France would become responsible
for the repayment of it, with interest, within a reasonable time,
sometimes mentioning seven months, and at others extending it to ten
or twelve. The Ambassador did not conceive himself authorised to enter
into any such engagement, and the Minister remained silent; M.
Cabarrus began to grow uneasy, and a day was appointed between us to
confer on this subject. Some intervening business, however, prevented
his attendance, and on the 10th of February he wrote me the following
letter.
Translation.
"Madrid, February 10th, 1782.
"Sir,
"I was summoned yesterday to the Pardo, which prevented me from paying
you my respects as I had intended. Not knowing whether I shall be able
to do it before Tuesday, I write to inform you, that it will be
necessary for me to know on what I am to depend in regard to the
reimbursement you were to make me by drafts on Paris. You are aware,
that I have actually advanced seven hundred and fifty thousand reals
vellon. Independently of this sum, on the 14th of March, which we are
now approaching, nearly thirtyfive thousand dollars of your bills will
become due. I will not conceal from you, that although this double
advance is neither beyond my means nor my disposition, yet the former
is entirely absorbed by the necessities of the government, so that I
shall be the more desirous, that you would enable me to meet these
engagements, as I shall always find a difficulty in disposing of your
paper. I speak to you frankly, since I shall always endeavor, as I
have heretofore done, to serve you in the same spirit.
"I have the honor to be, &c.
CABARRUS."
By way of answer to this letter, I instructed Mr Carmichael to inform
M. Cabarrus of the exact state I was in, with respect to my
expectations of aid both here and from France, for I did not choose to
commit a matter of this kind in writing to M. Cabarrus's discretion. I
could not give him positive assurances of being speedily repaid,
either by a credit on Dr Franklin, or by money to be obtained here,
but I submitted to his consideration the improbability, that this or
the French Court would permit these bills to be protested, and assured
him, that Dr Franklin was using his best endeavors in our favor, and
had so far succeeded as to encourage me to expect, that he would soon
be able at least to replace the sum, which M. Cabarrus had already
advanced to me.
Public-domain text, read in full here on John Shaqi.
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