Dr Franklin, in the month of February last, communicated to me different decrees of the Congress of the United States of North America, passed on the 14th and 23d of September, and several letters from Messrs Morris and Livingston, which not only authorised that Minister, but even expressly ordered him to negotiate in Europe a loan of four millions of dollars, amounting to about twenty millions of livres tournois, for the service of the United States during the present year, and under their warranty. It was at the same time enjoined on Dr Franklin, earnestly to solicit the continuance of the favors of the King, in the crisis in which Congress was then placed. In the enumeration of the motives, which the Superintendent of the finances alleged, in order to obtain a new loan of money from his Majesty, he did not deny, that the Minister of France might assign good reasons for declining to comply with this request, but he added, that, as it was the last of this kind, which Congress would have occasion to make, he hoped that it would not be rejected. Dr Franklin, on his part, in obedience to the orders of Congress, implored, in favor of the United States, the assistance of the King, and added to the reasons previously given, that, without this assistance the continental army could no longer be kept together, nor disbanded without danger. After having conferred on this subject with M. Joly de Fleury, I made a report upon it to the King. I informed his Majesty of the embarrassments of Congress, and of their inability to provide for their necessities by means of taxes, which the imperfections or the weakness of a rising Administration did not permit them to levy. The King had already, by great sacrifices, fulfilled in their behalf, the duties of a most tender father, during the continuance of their moral infancy. Since the nation reached the period of maturity, consecrated by its emancipation and political independence, it seemed that it ought to be sufficient for itself, and not to require new efforts of the generosity of its ally; but without being prevented by these considerations, the King, faithful to his attachment to the United States, was pleased, under these circumstances, to give a new proof of it, and notwithstanding the difficulties, which his Majesty experienced in his own finances, he determined, according to my report of the 20th of December last, to grant to Congress a new loan of _six millions of livres tournois_, for the service of the United States, during the course of the present year. He also authorised the advancing of a sum of money previously granted, which Dr Franklin earnestly solicited. I informed that Minister of it, who, in his answer of January 25th, gratefully accepted these new favors in the name of the United States. I informed him, moreover, that they could not be increased, and that his Majesty would in no case be a guarantee for other loans, which he might procure in Holland or elsewhere.