Gouverneur Morris to William Short21
Paris, July 9, 1792. “I wrote to you a Note on the sixth mentioning the Application of the Minister of the Marine. I have not heard from him since. Probably he is collecting the Accounts for I told the Minister of foreign Affairs22 that I must have the past Accounts settled before I could undertake any Thing new. At any Rate I shall soon get this Business done unless there be another Over Set in the Ministry. I wait impatiently to hear what Sums are now at our Disposition in Amsterdam. Mr. de Wolf has written to me several Letters respecting the Loan to be opened at Antwerp.23 He has assured me that he will take no Engagements but such as he can punctually fulfill. He tells me that he thinks it will be much better to take only two hundred and fifty thousand Guilders per Month and to extend the Loan to three Millions. This will of Course run the Length of a Year and supposing it to begin the first of next Month I think all our Wants must be satisfied by the Time it is filled. Of Course it will be the last which he can participate in. I think there will be no Difficulty in Bargaining here for this Loan on Account of our Debt to France on such Terms as that they bear all the Expence of Negotiation and of Course we are liberated at Par which seems to be the Intention of our Government. If you approve of this Idea tell me so and I will bring forward the Proposition when I come to a Settlement. We shall gain thereby the Difference of Exchange between Antwerp and Amsterdam.”24
21. ALS, William Short Papers, Library of Congress.
22. Stanislas Guillaume de Chambonas served as French Foreign Minister from June 17 until August 1, 1792.
23. Charles John Michael de Wolf was the Antwerp banker who had negotiated the Antwerp loan of 1791 for the United States. For a description of this loan, see Short to H, November 8, 1791, note 4, and November 12, 1791. At this time Wolf was pressing for the opening of a second loan at Antwerp. See also Short to H, June 28, 1792, and Short to Morris, July 17, 1792, printed below as enclosures.
24. A postscript to this letter reads as follows: “I think it adviseable so to manage as that our Obligations be all taken up.”