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
Livres.
In 1778, 3,000,000
In 1779, 1,000,000
In 1780, 4,000,000
In 1781, 10,000,000
----------
Total, 18,000,000
From this sum must be taken the
gratuitous subsidy granted last year of 6,000,000
----------
Remains 12,000,000
To this must be added, 1st the
produce of the loan in Holland, 10,000,000
2dly, The loan made by his Majesty for the
service of the current year, 6,000,000
---------
Total of the capital of the debt contracted
by the United States with his
Majesty, 28,000,000
I am ordered, Sir, to renew to you the demand, which I had the honor
to make before, to the purport that Congress should authorise Dr
Franklin to consolidate the principal and interest of that debt, by an
obligation in proper form. You are so firmly resolved, Sir, to
preserve the order you have introduced into your department, that it
would be superfluous to reiterate to you the assurance, that his
Majesty will under no pretext exceed the sum of six millions, which he
has determined to advance to the United States for the current year.
This exactness, which is in all cases indispensable, has become still
more so now, that the enemy seem determined to adopt a system, which
obliges us to turn the greatest part of our resources to a marine. I
am persuaded, Sir, that you can have no doubt as to the interest of
Loan Office certificates, and that you will not consider it as being
at our expense, seeing that no engagement of that sort has ever been
taken by us. If bills for this interest should continue to be
forwarded, those who draw must provide for the payment of them.
LUZERNE.
* * * * *
TO B. FRANKLIN.
Office of Finance, May 29th, 1782.
Dear Sir,
I do myself the honor to enclose you copies of two Acts of Congress,
one of the 5th of June, and the other of the 18th of June, 1779,
relating to the affairs of M. de Beaumarchais.
Public-domain text, read in full here on John Shaqi.
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