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
[9] _August 1st._ This day many people expected that my
engagements to supply the Paymaster General with money to
discharge the notes, which, under that engagement he had issued to
the officers of the army on account of their pay, would be broken,
and, consequently, that my public credit would be lost, and a
train of evils, easy to be conceived, ensue to the United States.
But having warranted Mr Pierce, the Paymaster General, to give his
notes in February last to all the officers of our army, viz. to
all subalterns for the amount of three months' pay, that is, for
January, February, and March, 1782, I have for some time past been
providing for the performance of this engagement, and to
accomplish it, have been distressed in a variety of channels. When
this engagement was taken, it was at the pressing instance of the
Commander in Chief, and to enable the officers to clothe
themselves, which they could not have done without that seasonable
aid. At the time this engagement was made, I had a right to expect
that four millions of dollars would be paid into the treasury of
the United States; as, agreeable to the requisitions of Congress,
two millions were to be paid on the 1st day of April, and two
millions on the 1st day of July. Instead of receiving those sums,
I have not to this hour received fifty thousand dollars on account
thereof, and have, therefore, been compelled to raise this money
by selling bills of exchange on France. Upon sending for Mr
Pierce's return of the notes I issued, I find they amount to one
hundred and forty thousand two hundred and sixtysix dollars; of
which Mr Sands is possessed of thirtynine thousand, which he has
delivered up on my paying part of the amount now, and part to be
paid a short time hence, which leaves to be provided for about
eightyfive thousand nine hundred and fortysix dollars; and as this
debt will be punctually paid, it leaves only an unprovided balance
of fifteen thousand three hundred and twenty dollars, which I
think will be ready before payment is demanded; so that the hopes
and expectations of the malicious and disaffected will in this
instance be disappointed. _Diary._
* * * * *
TO THE GOVERNOR OF RHODE ISLAND.
Office of Finance, August 2d, 1782.
Sir,
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