To John Adams from Board of Treasury, 6 April 1786
From the Board of Treasury
Board of Treasury April 6th. 1786
Sir.
We do ourselves the Honor of transmitting to you a Duplicate of our Letters to yourself, and the Commissioners of the Dutch Loans of the 7th: and 22d: March last.1 The latter together with one of this Date addressed to the same Gentlemen & Enclosing a Bill in their Favor on Messrs: Wilhem, and Jan Willink of Amsterdam, we Request the Favor of you to forward by the first Mail—2 Our Letter to the Commissioners is left open for your Perusal, by which you will find, that our Directions to those Gentlemen are to Appropriate the Proceeds of this Bill for the Purpose specified in the Resolve of Congress of the 14th: Feby. 1785 relative to the proposed Treaties with the Barbary Powers, in Case the Monies appropriated for this Object have not been drawn out of their hands, previous to the Receipt of this Bill: but in Case this Event has taken Place our Orders are to discount the Bill, and to apply the Proceeds for the Payment of the Dutch Interest, which becomes due on the first of June next— This Remittance, added to the Sum of Thirty thousand Dollars, which will be remitted to them for the same Purpose by Messrs: Constable Rucker & Co. in pursuance of a Contract made with this Board will very nearly Compleat the whole Sum of Interest which will become due on that day; the Deficiency we trust will be made up by additional Subscriptions to the Loan; but should this not be the Case, we must request you not to draw the whole Monies appropriated for the Barbary Treaties out of the hands of the Commissioners (if not already done) relying on our taking Measures to remit, with all possible Dispatch to those Gentlemen a further Sum of Twenty-thousand Dollars, with Directions to apply it in the first Instance to make up any Deficiency arising on this Account on the Sum of Eighty Thousand Dollars, appropriated for the Purpose above mention’d—
We have the Honor to be with great / Esteem, Your Obedt: Humble: Servts:
Samuel Osgood
Walter Livingston
RC and enclosures (); internal address: “Honble: John Adams Esqr. / Minister Plenipoteniary / from the United States to the / Court of Great Britain.” Dupl (); addressed: “The Honble / John Adams Esqr. Minister / Plenipy. of the United States / to the Court of / London”; endorsed: “Board of Treasury. / 6. Ap. 1786.”
1. For the copies of the board’s 7 March letter in the Adams Papers, including the one enclosed with this letter, see note 1 to that letter, above. The enclosed 22 March letter to the consortium reported on the progress of the impost, indicated that funds for the Barbary negotiations would be remitted to it, commented on the De la Lande & Fynje bankruptcy, and expressed its hope that the favorable attitude of the States General would facilitate the consortium’s completion of the 1784 Dutch loan. It is not known when JA received the duplicate. For the bankruptcy, see vol. 17:index, Loan consortium.
2. JA forwarded the board’s letter to the Dutch bankers with his letter to them of 19 May 1786, below. In a reply of the same day to the board, also below, he advised that Congress should rely on collecting the impost to raise the necessary funds, since the Algerian and Moroccan missions had advanced to a degree that it was “not in my Power to withhold the Money appropriated for that Service.”