As in my letter of the 22d of last month, I urged such reasons as appeared to me incontestible, to show that the resolution of Congress of the 18th of March, connected with the other resolution, to pay the loan office certificates, according to the value of money at the time they were emitted, being a determination to pay the full value of all the bills and certificates, which were out; and the depreciation of both being more the act and fault of their possessors than of government, was neither a violation of the public faith, nor an act of bankruptcy. I have the honor to agree with your Excellency in opinion, that any further discussion of these questions is unnecessary.
I have the honor to be, &c.
JOHN ADAMS.
TO THE PRESIDENT OF CONGRESS.
Paris, July 6th, 1780.
Sir,
In the public papers of the latter end of June, are lists of the vessels of war and privateers taken and destroyed by the powers at war.