JOHN JAY.
TO THE PRESIDENT OF CONGRESS.
St Ildefonso, September 16th, 1780.
Sir,
This letter and several copies of it are to be sent by the next post to Bilboa, Cadiz, Nantes, &c. The object of it is to inform you, that it is necessary immediately to cease drawing bills upon me for the present.
Your Excellency may soon expect a full detail of particulars; you will then receive an answer to every question that may be raised upon this letter.
His Catholic Majesty has been pleased to offer his responsibility to facilitate a loan of one hundred and fifty thousand dollars for us, payable in three years, and to promise us some clothing. This need not be kept secret. I have written several letters to your Excellency, but have received only one from the Committee since I left America. It covered the resolutions respecting these bills.
The Philadelphia bank, the ladies' subscriptions, and other indications of union and public spirit, have a fine effect here.
I have the honor to be, &c.
JOHN JAY.