As to the paper money in your hands, the States have not yet been able to take final arrangements for its redemption. But, as soon as they shall get their finances into some order, they will surely pay for it what it was worth in silver at the time you received it, with interest. The interest on loan-office certificates is, I think, paid annually in all the States; and, in some of them, they have begun to make payments of the principal. These matters are managed for foreigners by the consul of their nation in America, where they have not a private friend to attend for them. I have the honor to be, Sir, with much respect, your most obedient humble servant. TO MESSRS. WILT, DELMESTRE AND CO. PARIS, December 11, 1786. GENTLEMEN,--Your favor of the 6th instant is duly come to hand, as had done that also of the 8th of November. I was much obliged to you for your observations and information on the late regulations. I have received and am still receiving from other quarters, other hints for its improvement. I cannot propose these to the minister as they arrive, because, besides the perpetual fatigue to him, the business would not be so well done in the end. As soon as all the defects of the new arrangement shall be discovered by a little experience, as well as by their being submitted to the gentlemen concerned in the commerce, I shall be able, by bringing all the amendments necessary into a single proposition, to submit them at once to the consideration of the minister. It will probably be yet some months before this can be done. In the meantime, we must be contented to submit a little longer to those remnants of burthen which still rest on our commerce. In this view, I will still thank you for any new hints of amendment which may occur to you in experience, assuring you they shall be put to good use, when the occasion shall serve. I have the honor to be, with much respect, Gentlemen, your most obedient, and most humble servant. TO JAMES MADISON. PARIS, December 16, 1786. DEAR SIR,--After a very long silence, I am at length able to write to you. An unlucky dislocation of my right wrist, has disabled me from using that hand, three months. I now begin to use it a little, but with great pain; so that this letter must be taken up at such intervals as the state of my hand will permit, and will probably be the work of some days. Though the joint seems to be well set, the swelling does not abate, nor the use of it return. I am now, therefore, on the point of setting out to the south of France, to try the use of some mineral waters there, by immersion. This journey will be of two or three months.