The large brass cannon are not to be had here; we have been treating with a Swedish merchant about them, but find too many difficulties in getting them from that country; so that finally, understanding you have some founders with you, and that we can have others to go from hence, we conclude to send two artists in that way, with the metal, to cast the number wanted, omitting only the field pieces, of which we suppose you have by this time a number sufficient. Some large iron cannon are offered to us cheap, from Holland, of which we think to send a quantity, for though too heavy for the army, they may be of use for the navy, gallies, gondolas, &c.

We cannot omit repeating, as we think it a matter of the greatest importance, towards supporting the credit of your paper money, that you may rely on a punctual payment here of Congress bills, drawn on us for the discharge of the interest of the sums borrowed, that is to say, in the proportion of six Spanish dollars, or the value in French money, for every hundred borrowed in your paper. But as the offer of six per cent was made before you could know of this advantage to the borrower, perhaps you may on the knowledge and experience of it, be able to reduce the interest in future loans, to four per cent, and find some means by taxes, to pay off the six per cents.

Our treaty of commerce is not yet proceeded on, the plan of this Court appearing to be, not to have any transaction with us, that implies an acknowledgment of American Independency, while their peace continues with England. To make us more easy with this, they tell us, we enjoy all the advantages already, which we propose to obtain by such a treaty, and that we may depend on continuing to receive every indulgence in our trade, that is allowed to the most favored nations. Feeling ourselves assisted in other respects, cordially and essentially, we are the more readily induced to let them take their own time, and to avoid making ourselves troublesome by an unreasonable importunity. The interest of France and Spain, however, in securing our friendship and commerce, seems daily more and more generally understood here, and we have no doubt of finally obtaining the establishment of that commerce with all the formalities necessary.

We submit it to your consideration, whether it might not be well to employ some of your frigates in bringing your produce hither, ordering them after refreshing and refitting, to make a cruise in the northern seas, upon the Baltic and Hamburg trade, send their prizes home, north about, then return to France, and take in a loading of stores for America.

The Marquis de la Fayette, a young nobleman of great family connexions here, and great wealth, is gone to America in a ship of his own, accompanied by some officers of distinction, in order to serve in our armies. He is exceedingly beloved, and every body's good wishes attend him; we cannot but hope he may meet with such a reception as will make the country and his expedition agreeable to him. Those who censure it as imprudent in him do nevertheless applaud his spirit, and we are satisfied, that the civilities and respect, that may be shown him, will be serviceable to our affairs here, as pleasing not only to his powerful relations, and to the Court, but to the whole French nation. He has left a beautiful young wife, and for her sake particularly, we hope that his bravery and ardent desire to distinguish himself, will be a little restrained by the General's prudence, so as not to permit his being hazarded much, but on some important occasion.

We are very respectfully, &c.

B. FRANKLIN,
SILAS DEANE.

P. S. We enclose a copy of Messrs Gardoqui's last letter.[38] We have received Mr Morris's of March 7th, 25th, and 28th, and are much obliged by the intelligence contained. We send a quantity of papers.

FOOTNOTES:

[35] Missing.