[43] In a letter to William Carmichael in 1788, after saying that he presumed that there would not be a vote against the election of Washington to the Presidency, Jefferson added: "It is more doubtful who will be Vice-President. The age of Dr. Franklin, and the doubt whether he would accept it, are the only circumstances that admit a question, but that he would be the man." Some twenty-two years afterwards, he wrote to Col. William Duane that he believed that a greater or better character than Franklin had rarely existed.
[44] Optimist and thorough-going democrat as Franklin was, Shays' Rebellion and the heated conflict of opposing principles, concomitant with the adoption of the Federal Constitution, set up a slight current of reaction in his sanguine nature. On May 25, 1789, he wrote to Charles Carroll of Carrollton: "We have been guarding against an evil that old States are most liable to, excess of power, in the rulers; but our present danger seems to be defect of obedience in the subjects." Some six months later, in his Queries and Remarks respecting Alterations in the Constitution of Pennsylvania, he quoted the advice of the prophet, "Stand in the old ways, view the ancient Paths, consider them well, and be not among those that are given to Change." But in this instance Franklin was really invoking the spirit of conservatism in aid of liberalism; for the occasion for the Biblical reference was the suggestion that the Pennsylvania Assembly should no longer consist of a single chamber but of an Upper House based on property and a Lower House based on population.
[45] This remark brings up in a timely way another member of the Board of Trade, Lord Clare, whose habits were such as to aid us in understanding why the Board did not always retain a clear recollection of its past transactions. Speaking of an interview with him, Franklin wrote to his son: "He gave me a great deal of flummery; saying, that though at my Examination (before the House of Commons) I answered some of his questions a little pertly, yet he liked me, from that day, for the spirit I showed in defence of my country; and at parting, after we had drank a bottle and a half of claret each, he hugged and kissed me, protesting he never in his life met with a man he was so much in love with."
[46] The story told by Franklin of a running colloquy between George Grenville, who had on one occasion, as usual, been denouncing the Americans as rebels and Colonel Onslow, a warm friend of America, is good enough to be related. After recalling the Roman practice of sending a commission to a disaffected province for the purpose of investigating the causes of its discontent, Onslow declared his willingness, if the House of Commons should think fit to appoint them, to go over to America with that honorable gentleman. "Upon this there was a great laugh, which continued some time, and was rather increased by Mr. Grenville's asking, 'Will the gentleman engage, that I shall be safe there? Can I be assured that I shall be allowed to come back again to make the report?' As soon as the laugh was so far subsided, as that Mr. Onslow could be heard again, he added: 'I can not absolutely engage for the honorable gentleman's safe return, but if he goes thither upon this service, I am strongly of opinion the event will contribute greatly to the future quiet of both countries.' On which the laugh was renewed and redoubled."
[47] The principal features of a plan for the issuance of a stable colonial currency proposed by Franklin and Governor Pownall to the British Ministry, in 1764, 1765 and 1766 were these: bills of credit to a certain amount were to be printed in England for the use of the Colonies; and a loan office was to be established in each colony, empowered to issue the bills, take security for their payment and receive payment of them. They were to be paid in full in ten years, and were to bear interest at the rate of five per centum per annum; and one tenth of the principal was to be paid each year with the proper proportion of interest. They were to be a legal tender.
[48] "Here in England," Franklin wrote to Humphrey Marshall on Apr. 22, 1771, "it is well known and understood, that whenever a Manufacture is established which employs a Number of Hands, it raises the Value of Lands in the neighbouring Country all around it; partly by the greater Demand near at hand for the produce of the Land; and partly from the Plenty of Money drawn by the Manufacturers to that part of the Country. It seems therefore the Interest of all our Farmers and Owners of Lands, to encourage our Young Manufactures in preference to foreign ones imported among us from distant Countries."
The patriot, fresh from Freedom's Councils come,
Now pleas'd retires to lash his slaves at home;
Or woo, perhaps, some black Aspasia's charms,
And dream of freedom in his bondsmaid's arms.
To Thomas Hume, Esq., M.D.
From the City of Washington.
[50] By his will Franklin released his son-in-law from the payment of a bond for £2172, 5s, with the request that he would immediately after the death of the testator set free "his negro man Bob."