LUZERNE.
TO THE PRESIDENT OF CONGRESS.
Translation.
Annapolis, April 9th, 1784.
Sir,
I have the honor to communicate to your Excellency an extract from a letter, which I received from Count de Vergennes, dated the 24th of December last.
I received orders at the same time to inform his Majesty's Minister of the measures, which have been taken by the United States, relative to the payment of portions of the principal, and of the interest of the sums, which have been loaned them by the King. I make mention, Sir, of portions of the capital, because, by the terms of the contract of the 16th of July, 1784, the reimbursement of the first loan of eight millions is to begin three years after the peace, and it is expedient to take seasonable measures with regard to this subject.
I am also to inform my Court of the arrangements, which have been made for the payment of interest on the loan of five millions of florins, made in Holland, the 5th of November, 1781, and for which his Majesty became guarantee. I know the efforts of Congress to effect the discharge of the public debt, and their wish to fulfil their engagements; and I consider it superfluous to recall to your Excellency all the motives, which combine to induce the United States to fulfil faithfully those, which they have contracted with the King. I confine myself to desiring you to enable me to dissipate the uneasiness, which may have been excited at my Court, by the delay in proceeding to raise funds to effect the payment of this debt.
I am with respect, Sir, &c.
LUZERNE.