JAMES LOVELL.
COUNT DE VERGENNES TO B. FRANKLIN.
Translation.
Versailles, June 8th, 1781.
Sir,
I have received the letter you did me the honor to write me on the 4th instant. I do not know whether Mr Laurens has purchased the clothing in Holland on account of Congress; I only know (and you were likewise informed of it at the same time) that this officer was to employ for his purchases in France part of the six millions, which the King has granted to Congress, and that the residue of this sum was intended to be sent to America, with a view of re-establishing the credit of the United States.
If Mr Laurens, instead of paying ready money in Holland, has contented himself with giving bills on you, I have no concern in it, and the King can furnish no means for your reimbursement.
As to the monies arising from the loan opened in Holland, we have no pretensions to regulate the employment of them, as they belong to the United States. You must, therefore, Sir, apply to Congress for the power of disposing of them, in discharge of the drafts drawn on you from all quarters.
I have the honor of being, &c.