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350 CORRESPONDENCE AND PUBLIC PAPERS.
Majesty's treasure in his American dominions is an
unfortunate circumstance at a time when it might be
so usefully employed. There is, nevertheless, room
to hope that the great superiority of the allied fleets
and armaments in the American seas will, in the
course of a year or eighteen months, render its transportation safe and easy, and that the greater part of
it may arrive before the bills in question would
become payable. This will appear more probable,
when the time necessary to sell these bills, and the
time which will be consumed in their passage from
America, and the time which will be employed in
their journey from different ports of Europe to this
place, are all added to the half a year which is allotted
for the payment of them after they have been presented. I am authorized and ready to engage and
pledge the faith of the United States for the punctual
repayment, with interest, and within a reasonable
term, of any sums of money which his Majesty may
be so kind as to lend them.
As to the aids heretofore supplied to the United
States, I am without information relative to the
precise terms on which they were furnished, as well
as their amount. When I left Congress, they
appeared to me not to possess full and positive intelligence on these points. I ascribe this, not to
omissions in their commissioner, who then had the
direction of these affairs, but to those miscarriages
and accidents to which the communication of intelligence to a distant country is liable in time of war.
If it should appear proper to your Excellency, in
| Title | The correspondence and public papers of John Jay - 1 |
| Creator | Jay, John |
| Type | Books/Pamphlets |
| Title | 00000381 |
| Type | Books/Pamphlets |
| Transcript | 350 CORRESPONDENCE AND PUBLIC PAPERS. Majesty's treasure in his American dominions is an unfortunate circumstance at a time when it might be so usefully employed. There is, nevertheless, room to hope that the great superiority of the allied fleets and armaments in the American seas will, in the course of a year or eighteen months, render its transportation safe and easy, and that the greater part of it may arrive before the bills in question would become payable. This will appear more probable, when the time necessary to sell these bills, and the time which will be consumed in their passage from America, and the time which will be employed in their journey from different ports of Europe to this place, are all added to the half a year which is allotted for the payment of them after they have been presented. I am authorized and ready to engage and pledge the faith of the United States for the punctual repayment, with interest, and within a reasonable term, of any sums of money which his Majesty may be so kind as to lend them. As to the aids heretofore supplied to the United States, I am without information relative to the precise terms on which they were furnished, as well as their amount. When I left Congress, they appeared to me not to possess full and positive intelligence on these points. I ascribe this, not to omissions in their commissioner, who then had the direction of these affairs, but to those miscarriages and accidents to which the communication of intelligence to a distant country is liable in time of war. If it should appear proper to your Excellency, in |
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