Thomas Jefferson, the Apostle of AmericanismChinard, Gilbert
History
Thomas Jefferson, the Apostle of Americanism
Chinard, Gilbert
Jefferson, Thomas, 1743-1826
In spite of all the obstacles to the development of the Gallo-American
commerce because of the deep-rooted French horror of innovations and
changes, the efforts of Jefferson and his friends were not wholly
unavailing. According to Mr. Woolery, in 1789 importations from the
United States amounted to 140,959 barrels of flour, 3,664,576 bushels of
wheat and 12,340,000 pounds of rice. Vessels coming from the United
States to French ports in this year included thirteen French,
forty-three English and one hundred and sixty-three American; the
tonnage of American vessels was 19,173 in 1788 and 24,173 in 1789.
Exports to France in 1788 were valued at $1,384,246; to French
possessions in America $3,284,656; and from them, $155,136 and
$1,913,212 respectively. In this trade the American tonnage engaged was
approximately ten times that of the French. The philosopher had proved
himself a first-class commercial agent. He had built up trade relations
which would have consolidated the friendship between the two countries
if the Revolution had not intervened. But no real friendship can exist
between creditor and debtor; the debt problem was no less important than
the commercial problem, and Jefferson displayed on this occasion an
ingenuity and a diplomatic skill no less worthy of commendation.
When he took charge of the legation at Paris the finances of the United
States were in a deplorable condition. Loans made by the
Farmers-general, by Beaumarchais, by the King of France, and loans
contracted in Holland and in Spain, constituted the most important
outstanding liabilities of the American Government. In 1783 the
situation as reported to Congress was as follows:
To the Farmers-general of France, livres 1,000,000
To Beaumarchais 3,000,000
To King of France, to the end of 1782 28,000,000
To same for 1783 6,000,000
To this total was to be added a loan from Holland for $671,200, and
$150,000 borrowed from Spain by Jay. Interest was coming in at the rate
of four per cent. on the French loan, making it a total of approximately
$7,885,000. The domestic situation was far worse; the States had plunged
into issues of paper money: $241,552,780 had been issued in bills of
credit by Congress, and $209,524,776 by the States.
Public-domain text, read in full here on John Shaqi.
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