Superintendent of finances appointed.

The management of the finances had been lately committed to Mr. Robert Morris, a delegate to congress from the state of Pennsylvania. This gentleman united considerable political talents to a degree of mercantile enterprise, information, and credit, seldom equalled in any country. He had accepted this arduous appointment on the condition of being allowed the year 1781 to make his arrangements; during which time, the department was to be conducted by those already employed, with the resources which government could command. But the critical state of public affairs, and the pressing wants of the army, furnished irresistible motives for changing his original determination, and entering immediately on the duties of his office. The occasion required that he should bring his private credit in aid of the public resources, and pledge himself personally and extensively, for articles of absolute necessity which could not be otherwise obtained. Condemning the system of violence and of legal fraud, which had too long been practised, as being calculated to defeat its own object, he sought the gradual restoration of confidence by the only means which could restore it:—a punctual and faithful compliance with his engagements. Herculean as was this task in the existing derangement of American finances, he entered upon it courageously; and, if not completely successful, certainly did more than could have been supposed possible with the means placed in his hands. It is, in no inconsiderable degree, to be attributed to him, that the very active and decisive operations of the campaign were not impeded, perhaps defeated, by a failure of the means for transporting military stores, and feeding the army.

On determining to enter on the duties of his office, Mr. Morris laid before congress the plan of a national bank, whose notes were to be receivable from the respective states as specie, into the treasury of the United States. Congress gave its full approbation to this beneficial institution; and passed an ordinance for its incorporation.

Important as was this measure to the future operations of the army, a contract entered into with the state of Pennsylvania was of still more immediate utility.

After furnishing flour to relieve the wants of the moment on his private credit, Mr. Morris proposed to take on himself the task of complying with all the specific requisitions made on Pennsylvania, and to rely for reimbursement on the taxes imposed by law, to be collected under his direction. This proposition being accepted, the contract was made; and supplies which the government found itself unable to furnish, were raised by an individual.

Count Rochambeau marches to the North River.

As the French troops approached the North River, intelligence was received that a large detachment from New York had made an incursion into Jersey, under appearances indicating an intention not to return immediately. This being thought a favourable moment for gaining the posts on the north end of York Island, a plan was formed for seizing them by a coup de main. General Washington fixed on the night of the second of July for making the attempt; it being supposed that the Count de Rochambeau might join the American army at Kingsbridge by that time. An aid-de-camp was therefore despatched to meet that officer with letters explaining the enterprise, and requesting him to meet the Commander-in-chief at the time and place appointed.

With the proposed attack on these works, an attempt to cut off some light troops stationed on the outside of Kingsbridge at Morrissania, under the command of Colonel Delaney, was to be combined. This part of the plan was to be executed by the Duke de Lauzun, to whose legion Sheldon's dragoons, and a small body of continental troops dispersed on the lines, under the command of General Waterbury, were to be added.

On the part of the Americans, all that could contribute to the success of this enterprise was done. A strong detachment commanded by General Lincoln, which fell down the river in boats with muffled oars, reached its ground undiscovered on the night of the first of July; and the army, conducted by General Washington, marched to Valentine's hill. The next day, Lincoln perceived that the detachment had returned from Jersey, that the British were encamped in great force on the north end of the island, and that a ship of war watched the landing place. These unexpected obstacles having defeated the design upon the works, he proceeded to execute his eventual orders of co-operation with the Duke de Lauzun. These were, after landing above Spiken Devil Creek, to march to the high ground in front of Kingsbridge, and there conceal his detachment, until the attack on Delaney's corps should commence.

The Duke de Lauzun did not arrive, and the return of day betrayed Lincoln. A British corps advanced upon him; on hearing which, General Washington put his troops in motion, and, on his approach, the British troops retired into the island.