I wrote you before what I repeat again, that had General Howe got possession of Philadelphia last winter, as insolent a Memorial as that presented by Sir Joseph York, would have been presented by Lord Stormont here, and had not their demands been instantly complied with, the immediate destruction of the French commerce would have been the consequence. All the navy, all the army contracts are made, for five years, in England. Letters of marque were given to contractors, and friends of government, for what? To cruise against our trade? No; but to be ready at a signal given, to enrich themselves by the first captures on the French nation; for the gleanings of our commerce are no object to a private adventurer, assured as the English Ministry are of the pacific intentions of this Court. From the quarter I mentioned to you in my last, they will try his patience, and they do right, for the only hope they now have of conquering us is to deprive us of the means of resistance, and the hopes of foreign aid, which keeps up the spirits of the people. If the Amphitrite is really lost, General Washington will open the campaign without any of their military stores, so long promised, and so vainly expected, except about twelve thousand muskets.
We expect with impatience direct news from America; the moment it arrives I will communicate it to you. The gentlemen are well, and beg me to present compliments.
I am, Dear Sir, yours, &c.
WILLIAM CARMICHAEL.
P. S. You will not mention publicly, for particular reasons, the history of the little privateer. When the Captain of our small privateer boarded the transport, and told him he was his prisoner, he very insolently asked where his ship was, not conceiving that any person would have crossed the ocean in so small a boat.
TO THE COMMITTEE OF FOREIGN AFFAIRS.
June 14th, 1777.
Gentlemen,
I have escaped, as much as I am able, from my chains, to make journeys to the Hague, Amsterdam, and Rotterdam, in order to maintain and increase useful acquaintances; and when I obtain any light I communicate it to friends. The great majority, almost the whole of our merchants, are for you. The regencies of our cities, and among others Amsterdam, seem to take part with the Court, which is allied with and friendly to England. But all this is precarious, and will change with your fortune. Let us hear of a successful campaign, and your friends will show themselves, your partizans will multiply; they will lose by degrees this panic terror for a power, that is not loved by the multitude. These persons are chiefly large annuitants, whose hearts are in the sources of their income.
Another important truth, which I have learned at Amsterdam, is that no banking house is willing to take part, to the amount of a shilling, in the loan of five millions sterling, which England has raised, because they were not content with the offered premium and with her solidity, nor sure of selling the stock in detail. Distrust increases here, in proportion as England sinks. The premium ought to be two and a half per cent, but we know that in England even the bankers are content with their sales in detail at five eights per cent.