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WILLIAM BINGHAM TO J A Y. 365
solid footing, were incorporated to the purpose of furnishing
the necessary supplies for the Army. At an alarming
moment when the treasury was exhausted and the Army
suffering and threatening to disband for the want of pro.
visions, the virtue of individuals was roused, which warded
off the impending blow. A bank was established on private
credit under the Auspices of gentlemen of the first fortune
in this City. It was to raise the sum of three hundred
thousand pounds in specie, or its Value, for supplying the
Army with provisions for a certain time. The subscription
was filled up in a few days and much larger sums might have
been procured.
The direction of this bank is committed to the Care of
gentlemen of known abilities and integrity and inspectors of
equal reputation are appointed by the subscribers for super-
tending its affairs. The purchases will be made on the most
advantageous terms, and the public will soon discover the
immense difference that will arrise in their favor by the supplies of the Army furnished by such men or by a band of
commissaries, quarter masters, et id genus omne. If the
same public spirited establishments take place in every State,
we shall derive the greatest and most essential advantages
from them.
The flame of patriotism has not confined itself altogether
to our sex. The ladies caught the enlivening warmth. A
subscription was set on foot by them for the purpose of
relieving the Army and very liberal sums have been collected.
Altho' the loss of Charleston is a very serious matter, yet
I am in great hopes that we shall more than counterbalance
its bad effect by our success before the campaign is over.
But the reliance is in a great measure founded on the exertions of the French forces, which are daily expected here to
our Assistance. Until they arrive, we must remain altogether on the defensive, and endeavor to prevent the enemy
from penetrating into the country and carrying devastation
throughout it.
| Title | The correspondence and public papers of John Jay - 1 |
| Creator | Jay, John |
| Type | Books/Pamphlets |
| Title | 00000396 |
| Type | Books/Pamphlets |
| Transcript | WILLIAM BINGHAM TO J A Y. 365 solid footing, were incorporated to the purpose of furnishing the necessary supplies for the Army. At an alarming moment when the treasury was exhausted and the Army suffering and threatening to disband for the want of pro. visions, the virtue of individuals was roused, which warded off the impending blow. A bank was established on private credit under the Auspices of gentlemen of the first fortune in this City. It was to raise the sum of three hundred thousand pounds in specie, or its Value, for supplying the Army with provisions for a certain time. The subscription was filled up in a few days and much larger sums might have been procured. The direction of this bank is committed to the Care of gentlemen of known abilities and integrity and inspectors of equal reputation are appointed by the subscribers for super- tending its affairs. The purchases will be made on the most advantageous terms, and the public will soon discover the immense difference that will arrise in their favor by the supplies of the Army furnished by such men or by a band of commissaries, quarter masters, et id genus omne. If the same public spirited establishments take place in every State, we shall derive the greatest and most essential advantages from them. The flame of patriotism has not confined itself altogether to our sex. The ladies caught the enlivening warmth. A subscription was set on foot by them for the purpose of relieving the Army and very liberal sums have been collected. Altho' the loss of Charleston is a very serious matter, yet I am in great hopes that we shall more than counterbalance its bad effect by our success before the campaign is over. But the reliance is in a great measure founded on the exertions of the French forces, which are daily expected here to our Assistance. Until they arrive, we must remain altogether on the defensive, and endeavor to prevent the enemy from penetrating into the country and carrying devastation throughout it. |
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