SIR,--My last to you was dated December 25th; since which I have been honored with your several favors of December the 29th, January the 5th, 9th and 23d. I thought that your affairs could not be more interesting than they have been for a considerable time. Yet in the present moment they are become more so, by the apparent withdrawing of so considerable a personage in the drama, as the King of Prussia. To increase this interest, another person, whose importance scarcely admits calculation, is in a situation which fills us with alarm. Nature is struggling to relieve him by a decided gout; she has my sincere prayers to aid her, as I am persuaded she has yours. I have letters and papers from America, as late as the 15th of December. The government of Massachusetts had imprisoned three of the leaders of their insurgents. The insurgents, being collected to the number of three or four hundred, had sent in their petition to the government, praying another act of pardon for their leaders and themselves, and, on this condition, offering to go every man home, and conduct himself dutifully afterwards. This is the latest intelligence. I thank you for your attention to the question I had taken the liberty of proposing to you. I think with you, that it would be advisable to have our debt transferred to individuals of your country. There could, and would be no objection to the guarantee remaining as you propose; and a postponement of the first payments of capital, would surely be a convenience to us. For though the resources of the United States are great and growing, and their dispositions good, yet their machine is new, and they have not got it to go well. It is the object of their general wish at present, and they are all in movement, to set it in a good train; but their movements are necessarily slow. They will surely effect it in the end, because all have the same end in view; the difficulty being only to get all the thirteen States to agree on the same means. Divesting myself of every partiality, and speaking from that thorough knowledge which I have of the country, their resources and their principles, I had rather trust money in their hands, than in that of any government on earth; because, though for awhile the payments of the interest might be less regular, yet the final reimbursement of the capital would be more sure. I set out next week for the south of France, to try whether some mineral waters in that quarter, much recommended, will restore the use of my hand. I shall be absent from Paris two or three months; but I take arrangements for the regular receipt of your favors, as if I were here. It will be better, however, for you to put your letters to Mr. Jay, under cover to Mr. Short, who remains here, and will forward them. I have thought it my duty to submit to Congress the proposition about the French debt, and may expect their answer in four months.