Since I had the honor of writing to your Excellency on the 24th ult. my prospects of pecuniary succor have suffered a very unfavorable change, first in the suspension and I apprehend the total failure of the plan of procuring a sum of specie at Vera Cruz, to be transmitted immediately from thence for the service of the United States. This arrangement which the Spanish agent at this Court was at first very desirous of making with M. Necker, and which would have been a convenience to the finance of this country, was prevented from being carried into execution by the arrival of intelligence, that the treasure had been safely transported from Vera Cruz to the Havana; in consequence of which the agent declined engaging to furnish the money on any other terms than by a schedule of bill of exchange, payable at six months' sight. M. Necker has since made him an offer of a profit on the money to be supplied at the Havana, and the agent has written to his Court on the subject, but it does not appear to me, that the offer is likely to be accepted. As soon as I was apprized of this, I delivered the preceding Memorial to the Director-General of Finance. In addition to this disappointment we have received notice from Holland of the total refusal of the Dutch to countenance the proposed loan of ten millions on account of the United States. M. Necker was of opinion, that the Dutch would lend more readily on this footing than to France alone, as there would be a double security; but the event has proved, that its being a concern of the United States was sufficient for political reasons to occasion the overthrow of the business. I have uniformly insisted from the beginning upon the necessity of securing this aid to the United States from the finances of France, and while I pleaded the fertility of her resources, and facility of borrowing in her own name, I have enlarged upon the fatal consequences to which we should be exposed by referring the matter to an uncertain and dilatory operation. I apprehend some new efforts are making on the subject of the loan. His Majesty in the mean time engages to supply the failure of the loan from the finances of his kingdom. The future transmissions of specie are to be concerted between the Minister of Marine and the Director-General of Finance, and Count de Vergennes has promised me to urge them upon the subject. I have not been able to obtain any greater augmentation of the sums destined to be embarked at Brest and in Holland, than half a million at the first, and nearly the same sum at the latter.