TO JAMES ROSS.
Paris, May 8, 1786.
Dear Sir,—I have duly received your favor of October the 22d, and am much gratified by the communications therein made. It has given me details, which do not enter into the views of my ordinary correspondents, and which are very entertaining. I experience great satisfaction at seeing my country proceed to facilitate the intercommunications of its several parts, by opening rivers, canals and roads. How much more rational is this disposal of public money, than that of waging war.
Before the receipt of your letter, Morris's contract for sixty thousand hogsheads of tobacco was concluded with the Farmers General. I have been for some time occupied in endeavoring to destroy the root of the evils, which the tobacco trade encounters in this country, by making the ministers sensible, that merchants will not bring a commodity to a market, where but one person is allowed to buy it; and that so long as that single purchaser is obliged to go to foreign markets for it, he must pay for it in coin, and not in commodities. These truths have made their way to the minds of the ministry, insomuch, as to have delayed the execution of the new lease of the Farms, six months. It is renewed, however, for three years, but so as not to render impossible a reformation of this great evil. They are sensible of the evil, but it is so interwoven with their fiscal system, that they find it hazardous to disentangle. The temporary distress, too, of the revenue, they are not prepared to meet. My hopes, therefore, are weak, though not quite desperate. When they become so, it will remain to look about for the best palliative this monopoly can bear. My present idea is, that it will be found in a prohibition to the Farmers General, to purchase tobacco anywhere but in France. You will perceive by this, that my object is to strengthen the connection between this country and my own, in all useful points. I am of opinion that twenty-three thousand hogsheads of tobacco, the annual consumption of this country, do not exceed the amount of those commodities which it is more advantageous to us to buy here than in England, or elsewhere; and such a commerce would powerfully reinforce the motives for a friendship from this country towards ours. This friendship we ought to cultivate closely, considering the present dispositions of England towards us.
I am lately returned from a visit to that country. The spirit of hostility to us has always existed in the mind of the King, but it has now extended itself through the whole mass of the people, and the majority in the public councils. In a country, where the voice of the people influence so much the measures of administration, and where it coincides with the private temper of the King, there is no pronouncing on future events. It is true they have nothing to gain, and much to lose by a war with us. But interest is not the strongest passion in the human breast. There are difficult points, too, still unsettled between us. They have not withdrawn their armies out of our country, nor given satisfaction for the property they brought off. On our part, we have not paid our debts, and it will take time to pay them. In conferences with some distinguished mercantile characters, I found them sensible of the impossibility of our paying these debts at once, and that an endeavor to force universal and immediate payment, would render debts desperate, which are good in themselves. I think we should not have differed in the term necessary. We differed essentially in the article of interest. For while the principal, and interest preceding and subsequent to the war, seem justly due from us, that which accrued during the war does not. Interest is a compensation for the use of money. Their money, in our hands, was in the form of lands and negroes. Tobacco, the produce of these lands and negroes (or as I may call it, the interest of them), being almost impossible of conveyance to the markets of consumption, because taken by themselves in its way there, sold during the war, at five or six shillings the hundred. This did not pay taxes, and for tools and other plantation charges. A man who should have attempted to remit to his creditor tobacco, for either principal or interest, must have remitted it three times before one cargo would have arrived safe; and this from the depredations of their own nation, and often of the creditor himself; for some of the merchants entered deeply into the privateering business. The individuals, who did not, say they have lost this interest; the debtor replies, that he has not gained it, and that it is a case, where a loss having been incurred, every one tries to shift it from himself. The known bias of the human mind from motives of interest should lessen the confidence of each party in the justice of their reasoning; but it is difficult to say, which of them should make the sacrifice, both of reason and interest. Our conferences were intended as preparatory to some arrangement. It is uncertain how far we should have been able to accommodate our opinions. But the absolute aversion of the government to enter into any arrangement prevented the object from being pursued. Each country is left to do justice to itself and to the other, according to its own ideas, as to what is past; and to scramble for the future, as well as they can; to regulate their commerce by duties and prohibitions, and perhaps by cannons and mortars; in which event, we must abandon the ocean, where we are weak, leaving to neutral nations the carriage of our commodities; and measure with them on land, where they alone can lose. Farewell, then, all our useful improvements of canals and roads, reformations of laws, and other rational employments. I really doubt whether there is temper enough, on either side, to prevent this issue of our present hatred. Europe is, at this moment, without the appearance of a cloud. The death of the King of Prussia, daily expected, may raise one. My paper admonishes me, that after asking a continuance of your favors, it is time for me to conclude with assurances of the esteem with which I am, dear Sir, your friend and servant.
TO T. PLEASANTS.
Paris, May 8, 1786.
Dear Sir,—At the time of the receipt of your favor of October the 24th, the contract between the Farmers General and Mr. Morris, for tobacco, was concluded, and in a course of execution. There was no room, therefore, to offer the proposals which accompanied your letter. I was moreover engaged in endeavors to have the monopoly, in the purchase of this article, in this country, suppressed. My hopes on that subject are not desperate, but neither are they flattering. I consider it as the most effectual means of procuring the full value of our produce, of diverting our demands for manufactures from Great Britain to this country to a certain amount, and of thus producing some equilibrium in our commerce, which, at present, lies all in the British scale. It would cement an union with our friends, and lessen the torrent of wealth which we are pouring into the laps of our enemies. For my part, I think that the trade with Great Britain is a ruinous one to ourselves; and that nothing would be an inducement to tolerate it, but a free commerce with their West Indies; and that this being denied to us, we should put a stop to the losing branch. The question is, whether they are right in their prognostications that we have neither resolution nor union enough for this. Everything I hear from my own country, fills me with despair as to their recovery from their vassalage to Great Britain. Fashion and folly are plunging them deeper and deeper into distress; and the legislators of the country becoming debtors also, there seems no hope of applying the only possible remedy, that of an immediate judgment and execution. We should try whether the prodigal might not be restrained from taking on credit the gewgaw held out to him in one hand, by seeing the keys of a prison in the other. Be pleased to present my respects to Mrs. Pleasants, and to be assured of the esteem with which I am, dear Sir, your friend and servant.