I believe he would have been glad, if it had been in his power to have procured ten times the sum; and that no application or industry on his part for that purpose would have been wanting. But I cannot let this injurious assertion of yours pass, without expressing my surprise, that you, who were always with that gentleman, should be so totally ignorant of that transaction. The six millions, of which he took with him two and a half, of which one and a half were sent to Holland, and of which more than the remainder is ordered in stores from hence, was a free gift from the King's goodness (not a loan to be repaid with interest,) and was obtained by my application, long before Colonel Laurens's arrival.

I had also given in a list of the stores to be provided, though on his coming I cheerfully gave up the further prosecution of that business into his hands, as he was better acquainted with the particular wants of the army, than I could be, and it was one of the purposes of his appoint

ment.

Thus no part of the affair was done without my "knowledge and concurrence," except the sending a million and a half of the specie to Holland. This was indeed a secret to me. I had heard of that sum's being ready there to embark, but I always till lately understood it to be a part of the Dutch loan, which I am about to mention, or I should certainly have opposed that operation. What Colonel Laurens really obtained, and a great service I hope it will prove, was a loan upon interest of ten millions, to be borrowed on the credit of this Court in Holland. I have not heard, that this loan has yet produced anything, and, therefore, I do not know that a single livre exists, or has existed in Europe, of his procuring for the States. On

the contrary, he and you have drawn from me considerable sums, as necessary for your expenses, and he left me near forty thousand livres to pay for the Alliance, and, moreover, engaged me in a debt in Holland, which I understood might amount to about fifteen thousand pounds sterling, and which you contrived to make fifty thousand pounds.

When I mentioned to him the difficulty I should find to pay the drafts, he said, you have the remainder of the six millions. He gave me no account of the dispositions he had made, and it is but lately I have learnt, that there is no remainder. To gratify you, and to get that ship out, which could not have stirred without me, I have engaged for the vast sum abovementioned, which I am sure I shall be much distressed to pay, and therefore have not deserved at your hands the affront you are advised to menace me with.

And since I find you make it a point of reflection upon me, that I want to apply money to the payment of my engagements for the Congress, which was obtained by Colonel Laurens for other purposes, I must request, that you will upon this better information take occasion to correct that error, if you have communicated it to any other person.

By the letters you showed me, that had passed between Mr Adams and you, I perceived he had imbibed an opinion, that Colonel Laurens had, as he expressed it, done more for the United States in the short time of his being in Europe, than all the rest of their Diplomatic Corps put together. I should never have disputed this, because I had rather lend a little credit to a friend, than take any from him, especially when I am persuaded he will make a good use of it; but when his friends will make

such suppositious credit a matter of reproach to me, it is not right to continue silent.

As to the safety of the excellent conveyance you mention, I must own, I have some doubts about it, and I fear I shall hear of the arrival of that ship in England, before she sees America. Be that as it may, I am clear that no use can possibly be made of the money in America for supporting the credit of the States, equal in any degree to the effect it must have for the same purpose, when applied to the payment of their bills here, which must otherwise go back protested. And I am sure it will be exceedingly prejudicial to their credit, if by the rash proceeding you threaten, this situation of their affairs becomes the subject of public talk and discussion in Europe.

I am, &c.

B. FRANKLIN.

P. S. I request you would read again and consider well my first letter to you on this subject. The reasons therein contained subsist still in their full force.

Sir,

TO THE PRESIDENT OF CONGRESS.

Passy, July 11th, 1781.

The number of Congress bills that have been drawn on the Ministers in Spain and Holland, which I am by my acceptances obliged to pay, as well as those drawn upon myself, the extreme importance of supporting the credit of Congress, which would he disgraced in a political, as well as a pecuniary light, through all the Courts of Europe, if those bills should go back protested, and the unexpected delays arising with regard to the intended loan in Holland,

all those considerations have compelled me to stop the one million five hundred thousand livres, which were to have been sent by way of Amsterdam. As soon as more

money can be furnished to me by this Court, I shall take care to replace that sum, and forward with it as great an addition as possible. I am now soliciting supplies of clothing, arms, ammunition, &c. to replace what has been unfortunately lost in the Marquis de Lafayette; and hope to succeed.

Captain Jackson, who is truly zealous for the service, has been exceedingly solicitous and earnest with me to induce me to permit the money to go in this ship, but for the reasons abovementioned, I find it absolutely necessary to retain it for the present, which I doubt not will be approved by Congress.

With great respect, I have the honor to be, &c.
B. FRANKLIN.

'JAMES LOVELL TO B. FRANKLIN.

Philadelphia, July 21st, 1781.

Sir,

It does not appear that the resolutions of June 26th, affecting yourself and colleagues, as well as Mr Dana, have been transmitted. Mr President Mc Kean will take other opportunities of writing. I think it essential, however, in the meantime, to forward duplicates, which may serve for information, and perhaps authority, to all concerned.

TO C. W. F. DUMAS.

Passy, August 6th, 1781.

Dear Sir,

I have received several letters from you lately, enclosing others for the President of Congress, and for Spain, all of which are sealed and forwarded, except the last for the President, contained in yours of the 26th past, which shall go by the first opportunity. The reading of those letters gave me much information, and therefore pleasure; though since the fixing of Mr Adams there 1 do not attend so much to the affairs of your country as before, expecting indeed but little from it to our advantage; for though it was formerly in the same situation with us, and was glad of assistance from other nations, it does not seem to feel for us, or to have the least inclination to help us; it appears to want magnanimity.

Some writer, I forget who, says, that Holland is no longer a nation, but a great shop; and I begin to think it has no other principles or sentiments but those of a shopkeeper. You can judge of it better than I, and I shall be happy to find myself mistaken. You will oblige me, however, by continuing the history either directly to me, or in your letters to Congress; but when you enclose a sealed letter in another to me, please to observe to place the second seal on one side, and not directly over the first; because the heat of the second is apt to deface the impression of the first, and to attach the paper to it, so as to endanger tearing the enclosed in opening the cover.

With best wishes for your health and prosperity, I am ever, dear Sir, &c.

B. FRANKLIN.