The Diplomatic Correspondence of the American Revolution, Vol. 09
History
The Diplomatic Correspondence of the American Revolution, Vol. 09
United States -- Foreign relations -- 1775-1783; United States -- History -- Revolution, 1775-1783 -- Sources
[15] For Additional Instructions to Dr Franklin respecting Colonel
Laurens's mission, see _Franklin's Correspondence_, Vol. III. p. 185.
* * * * *
ADDITIONAL INSTRUCTIONS TO JOHN LAURENS.
In Congress, December 27th, 1780.
Sir,
With respect to the loan, we foresee that the sum which we ask will be
greatly inadequate to our wants. We wish, however, to depend as much
as possible on our internal exertions. In this negotiation, the state
of our finances require that you should endeavor to procure as long a
respite after the war, for payment of the principal, as may be in your
power. You may agree for an interest not exceeding the terms allowed
or given on national security in Europe, endeavoring to suspend the
discharge of the interest for two or three years, if possible.
You are hereby empowered to pledge the faith of the United States, by
executing such securities or obligations for the payment of the money,
as you may think proper, and also that the interest shall not be
reduced, nor the principal paid during the term for which the same
shall have been borrowed, without the consent of the lenders or their
representatives.
You are to stipulate for the payment of both principal and interest in
specie.
The loan must prove ineffective unless the specie is actually
remitted. Experience has shown, that the negotiation of bills is
attended with unsupportable loss and disadvantage. His Most Christian
Majesty, we are persuaded, will see in the strongest light the
necessity of despatching an effective naval armament to the American
seas. This is a measure of such vast moment, that your utmost address
will be employed to give it success. By such a conveyance, the specie
may be remitted in different ships of war with a prospect of safety.
SAMUEL HUNTINGTON, _President_.
* * * * *
TO THE PRESIDENT OF CONGRESS.
Philadelphia, January 3d, 1781.
Sir,
Although my instructions relative to the objects of my mission do not
explicitly direct what conduct I am to observe, in case the aids
solicited from the Court of France cannot be obtained in their full
extent, yet I presume it is not the intention of Congress to confine
me without alternative to the precise demands which they have made.
There is the more reason that this matter should be clearly
understood, as my prospects, especially in the important article of
pecuniary succors, are far from being flattering. I apprehend then,
that I shall have satisfied my duty by aspiring, with every effort, to
complete success, and upon failure of that, by approaching it as
nearly as shall be found practicable.
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