TO JAMES GARDOQUI.
Paris, August 27th, 1778.
Dear Sir,
I received yesterday your favor of the 13th. If I remember rightly what made me delay writing to you relative to the bills was my desire of informing you, at the same time, of their being accepted; and it was long before I could learn that myself, from the manner in which they were drawn. I am very sorry it did you any disservice.
I am neither unmindful of, nor ungrateful for, the support we have received from your quarter. The inevitable necessity, which compelled an application for more, gave me great uneasiness. I was sensible the sum desired was very considerable. But so are our wants. It is our misfortune, not our fault, that we are obliged thus to trouble and distress our friends. I trust they will consider it in that light. There is nothing more precarious and immeasureable than what influences public credit. The sum sought would have enabled Congress to call in such a quantity of the paper emitted, as must establish the credit and value of the rest in defiance of all the efforts of our enemies. And I think that if our friends could lend us even as much as would constitute a fund here, on which Congress might draw, so as to call in at once one or two million dollars, it would greatly raise the value of the rest. This would require about eight or ten million livres. When it is seen that the redemption is begun, hopes and expectations will be raised, and credit grow upon them. But emitting more, without redeeming any, makes people think that no redemption is intended, and consequently produces doubts and discredit.
It is long ago that I foresaw, and I had the honor of stating it at Burgos, the necessity of providing for the support of our funds, or rather funds themselves, by the assistance of our friends in Europe. I will venture to say, that one million sterling, furnished in this manner, would have been a more effectual aid than all the preparations that have or can be made, unless they go to actual hostilities. Have these preparations prevented twelve ships of the line from being sent on our coasts to augment enormously that naval force, which was already sufficient to stop our commerce and prevent us from sending our produce to procure funds in Europe? When we argue against facts we deceive ourselves. The fact then is, that these preparations, however formidable, have had so little effect, that though our enemies were hardly a match for France alone at sea, they ventured, in the face of those preparations, to despatch a powerful fleet against us. Some how or other they did not believe those preparations were meant against them. Have they been deceived in the event? Has their temerity been chastised as it deserved? Has the fleet of Spain joined that of France to crush at one blow their divided naval power? I do not mean to question the goodness of the reasons for this; I mean only to state the fact. I mean to show too that it is not extraordinary, that we should desire other aid than that which, however well intended, does not effectually operate to the relief intended. It is our necessity, not our choice, that speaks. To make a diversion in our favor was benevolent, to send us clothing for troops and naval stores was generous and friendly, but if that diversion has not hindered our commerce from being obstructed by powerful fleets, if the utter discredit of our money for want of funds prevents soldiers, sailors, and others from engaging in our service, and exposes our country to the cruel depredations and devastations of an enraged enemy, can our friends think hardly of us, if we press them for that assistance which only can relieve our distress?
There is a passage in your letter, which, as I suppose it was not inadvertently inserted, I will give my opinion upon fully. It is “that if affairs should be accommodated to your and our satisfaction, the means of succoring us would be facilitated.” There is nothing we wish more than such an accommodation, consistent with our engagements and our future security. I can assure you, that no people are more averse to war than those of the United States. Were peace once established upon wise principles, leaving us such neighbors as the Spaniards, whose fair and unencroaching dispositions would prevent any attempts to disturb us, I do not see any reason to suppose we should ever be engaged in a foreign war. A war of ambition I am sure we shall never have. No people were ever more sensible of the value of peace, or more disposed to enjoy themselves and let others enjoy in tranquillity the fruits of their labor.
We are a young people, and have had fourteen civil governments to settle during the heat and pressure of a violent war, accompanied with every possible circumstance, that could augment the expense and difficulty usually attending a state of warfare. It is in this moment of distress, that our real friends will show themselves in enabling us to prevent those calamities, which, though they cannot subdue, will yet injure us infinitely. Our industry, were peace and commerce once established, would soon enable us to repay them, and they would be sure of a gratitude more lively and lasting.
Be so good as to assure our friends, that I have not omitted, nor shall I omit the smallest circumstance of their friendship and generosity, which has passed through me. I hope for a speedy and favorable answer to transmit to my constituents.