The Diplomatic Correspondence of the American Revolution, Vol. 12
History
The Diplomatic Correspondence of the American Revolution, Vol. 12
United States -- Foreign relations -- 1775-1783; United States -- History -- Revolution, 1775-1783 -- Sources
ROBERT MORRIS.
* * * * *
TO MR GRAND.
Office of Finance, May 17th, 1782.
Sir,
In my letters of the 28th of March, and 8th of April, I informed you
of my drafts on you to the amount of five hundred thousand livres. I
have since that time drawn sundry other bills, all of which you have
been duly advised of, or will be so by this conveyance.
I am now to inform you, that his Excellency, the Minister of France,
has given me assurances on the part of his Court, that five hundred
thousand livres per month, during the year 1782, will be paid on my
drafts, making in the whole six millions. He has also suggested to me
the expedient of drawing twelve sets of exchange on Dr Franklin, our
Minister Plenipotentiary, in favor of my banker, so that the money may
be in his hands monthly at my order. In consequence therof, I now
enclose to you twelve bills of exchange on Dr Franklin, all at thirty
days' sight, and each for half a million. When these bills arrive you
will present so many of them for acceptance, as that at the end of the
thirty days the amount shall be equal to the monthly payments above
mentioned. As for instance, if these bills should arrive in July, you
will present seven of them for acceptance, because by the time the
thirty days have elapsed there will be due so many of those monthly
payments. But in this, as well as in other matters of arrangement with
the Court, you will take the advice of Dr Franklin and govern yourself
accordingly.
The several bills which I draw on you I will regularly inform you of.
After the first month has elapsed you will present another bill for
acceptance, and so on monthly, presenting each month a bill. I write
also by this conveyance to Dr Franklin to pay on my account all the
moneys belonging to the United States in Europe, which may be in his
possession.
I wrote to Dr Franklin on the 17th of April to inform you, that I
should draw on Messrs Fizeau, Grand & Co. at Amsterdam, and on Messrs
Harrison & Co. at Cadiz, desiring that you would direct those houses
to honor my bills, and take their reimbursement on you, which I now
confirm. I expect that the five hundred thousand livres which are
mentioned in my letters of the 28th of March, and 8th of April, will
be paid out of moneys, which were already in Europe; and indeed, that
still farther sums were there belonging to the United States, besides
the monthly payments to be made by the Court as above mentioned. At
any rate you will be in cash to pay all the bills which I have drawn
or shall draw. You will take care to transmit me a state of your
accounts by every opportunity that I may be thereby directed in my
operations.
I have the honor to be, &c.
ROBERT MORRIS.
* * * * *
TO MR GRAND.
Office of Finance, May 18th, 1782.
Sir,
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