The Writings of Thomas Jefferson, Vol. 3 (of 9): Being His Autobiography, Correspondence, Reports, Messages, Addresses, and Other Writings, Official and PrivateJefferson, Thomas
History
The Writings of Thomas Jefferson, Vol. 3 (of 9): Being His Autobiography, Correspondence, Reports, Messages, Addresses, and Other Writings, Official and Private
Jefferson, Thomas
United States -- Politics and government -- 1775-1783; United States -- Politics and government -- 1783-1865
My last letters to you have been of the 5th and 12th instant. Since these,
I received information from our bankers in Holland, that they had money
in hand sufficient to answer the demands for the foreign officers, and for
the captives; and that moreover, the residue of the bonds of the last loan
were engaged. I hereupon wrote to Mr. Grand for an exact estimate of the
sum necessary for the officers. He had stated it to me as being forty-five
thousand six hundred and fifty-two livres eleven sous six deniers, a
year, when I was going to Holland to propose the loan to Mr. Adams, and
at that sum, you will see it was stated in the estimate we sent you from
Amsterdam. He now informed me it was sixty thousand three hundred and
ninety-three livres seventeen sous ten deniers, a year. I called on him
for an explanation. He showed me that his first information agreed with
the only list of the officers and sums then in his possession, and his
last with a new list lately sent from the treasury board in which other
officers were set down, who had been omitted in the first. I wrote to
our bankers an account of this error, and desired to know whether, after
reserving the money necessary for the captives, they were in condition to
furnish two hundred and fifty-four thousand livres for the officers. They
answered me by sending the money, and the additional sum of twenty-six
thousand livres, to complete the business of the medals. I delivered the
bills to Messrs. Grand and company, to negotiate and pay away; and the
arrears to the officers to the first day of the present year, are now in
a course of payment. While on this subject, I will ask that an order may
be forwarded to the bankers in Holland to furnish, and to Mr. Grand to
pay, the arrearages which may be due on the first of January next. The
money being in hand, it would be a pity that we should fail in payment
a single day, merely for want of an order. The bankers further give it
as their opinion, that our credit is so much advanced on the exchange of
Amsterdam, that we may probably execute any money arrangements we may have
occasion for, on this side the water. I have the honor to send you a copy
of their letter. They have communicated to me apprehensions, that another
house was endeavoring to obtain the business of our government. Knowing
of no such endeavors myself, I have assured them that I am a stranger to
any applications on the subject. At the same time, I cannot but suspect
that this jealousy has been one of the spurs, at least, to the prompt
completion of our loan. The spirited proceedings of the new Congress in
the business of revenue, has doubtless been the principal one.
Public-domain text, read in full here on John Shaqi.
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