I wrote you Feb. 21. since which I have received yours of the same day. Indeed mine of that date related only to a single article in yours of Jan. 31. and Feb. 7. I do not at all wonder at the condition in which the finances of the US. are found. Ham’s object from the beginning was to throw them into forms which should be utterly undecypherable. I ever said he did not understand their condition himself, nor was able to give a clear view of the excess of our debts beyond our credits, nor whether we were diminishing or increasing the debt. My own opinion was that from the commencement of this government to the time I ceased to attend to the subject we had been increasing our debt about a million of D. annually. If Mr. Gallatin would undertake to reduce this chaos to order, present us with a clear view of our finances, and put them into a form as simple as they will admit, he will merit immortal honor. The accounts of the US. ought to be, and may be, made, as simple as those of a common farmer, and capable of being understood by common farmers.

Disapproving, as I do, of the unjustifiable largess to the daughters of the Ct. de Grasse, I will certainly not propose to rivet it by a second example on behalf of M. de Chastellux’ son. It will only be done in the event of such a repetition of the precedent, as will give every one a right to share in the plunder.—It is indeed surprizing you have not yet recieved the British treaty in form. I presume you would never recieve it were not your co-operation on it necessary. But this will oblige the formal notification of it to you.—I thank you for your information respecting Lownes. There is one article still necessary to be known from Mr. Howell. Lownes began with credits of 90. days from the time of the departure of the nailrod from Philadelphia (not his delivery of it to the vessel: for that makes a difference sometimes of many weeks) but he afterwards reduced it to 60. days. What would be Mr. Howell’s credits? I know that credits in Virginia startle a merchant in Philadelphia; but I presume that Mr. Howel could have confidence enough in me (tho’ not personally known to him) to make a trial, and govern himself afterwards according to the result, and to the punctuality with which he would recieve his remittances. I wish to know this, tho’ I am not yet decided to drop Lownes, on account of his being a good man, and I like much to be in the hands of good men. There is great pleasure in unlimited confidence. My consumption has now advanced from 3. to 4. tons a quarter. I call for a quarter’s supply at once, so that the last quarter’s supply is always paid for before the next is called for, or at the very time.—The Spanish treaty will have some disagreeable features, seeds of chicanery and eternal broils, instead of peace and friendship. At a period not long before that, they had been ready to sign one giving us vastly more than we had ever contemplated; particularly in our intercourse with their W. Indies.—I by no means think of declining the work we have spoken of. On the contrary, I wish with ardor to begin it, since the change of form into which I propose to put it: the first ideas had always oppressed me from a consciousness of my want both of talents and materials to execute it.—But it will be impossible for a year to come; and I am not certain whether, even after the present year, I shall not be obliged to put my farms under such direction as that I should be considered as not here as to them, while I should be here as to my papers. My salutations to Mrs. Madison: friendly esteem to Mr. Giles, Page &c.