To Benjamin Franklin
Amsterdam May 8. 1781
I have the Honour of yours of the 29th. of April, and according to your desire, have inclosed a List of the Bills accepted with the Times of their becoming due, and Shall draw for the Money to discharge them, only as they become payable, and through the House of Fizeaux & Grand.1
I Sincerely congratulate you, upon the noble Aid obtained, from the French Court for the currant Service of the Year. Aids like this, for two or three Years, while the United States are arranging their Finances, will be a most essential Service to the Common Cause, and will lay a Foundation of Confidence and Affection between France and the United States, which may last forever and be worth ten times the Sum of Money. It is in the Power of America to tax all Europe, whenever She pleases, by laying Duties upon her Exports, enough to pay the Interest of Money enough to answer all their Purposes. England received into her Exchequer four hundred Thousand Pounds sterling, in Duties upon the Single Article of Tobacco imported from Virginia, annually. What should hinder the Government of Virginia, from laying on the Same, or a greater duty on the Exportation. Europe would Still purchase Virginia Tobacco if there were 8 Pounds per Hogshead duty to be paid. Virginia alone, therefore could in this Way easily pay, the Interest of Money enough to carry on the whole War for the 13 states for many Years. The Same Reasoning is applicable to every other Article of Export.
Yesterday were presented to me [by Mr. de Neufville]2 fifty Bills of Exchange, for Eleven hundred Guilders each, drawn by Congress upon me on the 27 day of January 1781 at Six Months Sight.
And on the Same day other Bills from No. 37. to No. 76 inclusively, drawn on me on the Same 27 day of January 1781, for Five hundred and Fifty Guilders each, payable at Six Months Sight, were presented, to me. I asked Time to write to your Excellency to know, if those Bills, and the others drawn at the same time, can be discharged by you. If they can not, it will be wrong to accept them, for I have no Prospect at all of getting the Money here, unless the States General, who have taken the Independance of America Ad Referendum should determine to acknowledge it.
About the Same Time that their High Mightinesses took the Acknowledgment of the Independance of the United States ad Referendum, Mr. Van Berkel demanded a Declaration of his Innocence or a Tryal,3 whether the two Affairs will aid, or counteract each other I cant tell.
I have the Honour to be, your Excellencys most obedient and most humble servant
LbC (Adams Papers).
1. Fizeaux, Grand & Co. wrote to JA on 10 May to request payment of bills amounting to 77,000 ecus or 231,000 livres, which they converted into 100,340.12.8 florins at the rate of 52.125 stuivers per livre (Adams Papers). The bills paid were the 66 that Franklin approved in his letter of 29 April, above. JA wrote his reply of the same date at the bottom of the note from Fizeaux, Grand & Co., there stating that “Mr. Adams returns Compliments to Mr. Fizeaux and informs him that his acceptations are in Bank.” On 17 May the bankers returned the paid bills to JA (Adams Papers). Later on 10 May, JA wrote to Franklin to inform him of the transaction (Franklin, Papers description begins The Papers of Benjamin Franklin, ed. Leonard W. Labaree, William B. Willcox (from vol. 15), Claude A. Lopez (vol. 27), Barbara B. Oberg (from vol. 28), Ellen R. Cohn (from vol. 36), and others, New Haven, 1959– . description ends , 35:50).
2. This interlined passage is heavily smudged.