GENTLEMEN,--In my letter of Aug. 5, I had the honor of enclosing to you a letter written me by Messrs. Fiseaux & Co., reminding us that the principal of the loan of 51,000 florins obtained by them, would become due on the first day of the ensuing year. A few days ago, I received another from them calling for the money. At first I was disposed to answer them that I was in nowise authorized to do anything in it, and that it rested with you altogether. But, on consulting with some persons better acquainted with the delicacy of credit in Holland, I found there was reason to fear that a failure to pay that money might not only do essential injury to our credit in general, but even hinder the progress of the loan going on in the hands of Willincks and Van Staphorsts; and that it would be for the interest of that loan itself, to pay this demand out of it, if possible. I wrote, therefore, to Mr. Adams, to consult him about it, and to know, if he was of the same opinion, whether he would venture to join me in directing such an application of the money. I wrote at the same to Willincks and Van Staphorsts, to know whether they could have as much in their hands to spare, and whether they would venture to pay it on our order. Mr. Adams approved of the proposition, and was willing to join in ordering the payment. Willincks and Van Staphorsts answered that they had in their hands money enough to pay the February interest of the former loan, and to answer, for some time yet, Mr. Adams' and my draughts for our subsistence; but that if they should pay the principal of Fiseaux's loan, it would be an advance of their own: they likewise observed, that to pay such a sum without your orders, placed them under an unnecessary responsibility. Upon this, I concluded to ask them only to pay this year's interest, now becoming due, to desire Fiseaux to receive this, and with it to endeavor to quiet the creditors till your orders could be received. I have this day written to Fiseaux, and to Willincks and Van Staphorsts to this purpose, and avail myself of a vessel about to sail from Havre, to communicate the whole transaction to you, and to express my wish that you will be pleased to give an answer to Fiseaux. I enclose to you his letters to me on the subject. From what I can learn, I suspect that if there were a cordial understanding between the Willincks and Van Staphorsts, if the former had been as well disposed as the latter, the matter would have been settled with Fiseaux. I have the honor to be, with much respect, Gentlemen, your most obedient, and most humble servant. TO JOHN JAY. PARIS, December 31, 1787.