Paris, May 31, 1786.
Sir,—I have been honored with your Excellency's letter of yesterday, enclosing a copy of the Resolutions of the Committee on the subject of tobacco, and am bound to make my acknowledgments for this attention to the commerce between this country and the United States, which will, I hope, by this measure, be kept alive till more simple and permanent arrangements become practicable. I have communicated it to Congress by an opportunity which offered this morning. Perhaps it is for the want of information that I apprehend it possible for the London merchants, availing themselves of their early notice of this regulation, and their proximity to the port of France, to run in French vessels the whole 15,000 hogsheads of the first year, before the French or American merchants can possibly bring them from America. This might defeat the end of the regulation, as those merchants would take payment in cash and not in merchandise. I suppose the Committee had in view Tobaccos coming last from a port of the United States, and that it may not be yet too late to restrain the orders to such only. Of this your Excellency is the best judge, to whom I have the honor of submitting the doubt; and am, with sentiments of the most profound respect and esteem, your Excellency's most obedient and most humble servant.
TO M. LA MORLIENE.
Paris, June 3, 1786.
Sir,—It is six years since the paper money of New England has ceased to circulate as money. It is considered at present as making a part of the national debt, and that the holders of it will be entitled to receive from the public as much gold or silver as the paper money could have brought at the time it was received by the holder, with an interest of 6 per cent. per annum. But, as yet, no precise arrangements have been taken for the payment either of principal or interest. Most of the subjects of France, having paper money, have deposited it in the hands of the French Minister or Council at New York, that payment may be demanded whenever it shall be provided by Congress. There are even speculators in America who will purchase it. But they give much less than its worth. As for myself I do not deal in it. I am, Sir, your very humble servant.
TO MESSRS. BUCHANAN AND HAY.
Paris, June 15, 1786.
Gentlemen,—The model of the Capitol being at length finished, I have sent it down the Seine to Havre, it being necessary that it should go by water. I have not collected the accounts, but shall soon do it, and forward them to you; they will be less than I had expected. I shall pray you to account for their amount to the Governor and Council, as I have with them an account into which it will be easier for me to transfer the article. I enclose directions for opening the boxes in which the model is, and I shall put two copies of those directions under other covers to you in hopes some one of them may reach you with or before the model. I have the honor to be with much esteem, Gentlemen, your most obedient and humble servant.