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CONFERENCE WITH FLORIDA BLANCA. 369
country; that he had known them long; that he
thought their conduct extraordinary in being so
urgent for the acceptance of these bills. Mr. Jay
then informed his Excellency that he had paid those
gentlemen a visit in order to obtain further time, and
that they had consented to wait until Monday next.
The Count mentioned a fortnight or three weeks as
necessary, in order that he might have an opportunity
of seeing the person he had sent for, and making
some arrangements with him. He said that it would
be more agreeable to his Majesty to pay those bills
at Cadiz, Bilboa, or Amsterdam, than here ; lamented
the precipitancy with which Congress had entered
into this measure, saying that, if they had previously
addressed the King on the subject, ways and means
might have been found, either to transport from their
possessions in America specie for the service of Congress, or to have enabled them to have drawn bills of
exchange at a shorter sight, which would have prevented the loss of one third of the money to which
Congress had subjected themselves, by the terms on
which the present bills were sold. Mr. Jay assured
his Excellency that, by letters he had received from
America, from members of Congress and others, he
was informed that the terms were judged so unfavourable to the buyers, that the bills drawn on him sold
heavily from that circumstance solely, and not from
any doubt of their credit and payment.
This did not, however, appear to convince his
Excellency, who spoke much of the deranged state
of our finances and credit; of the advantages taken
Vol I—24
| Title | The correspondence and public papers of John Jay - 1 |
| Creator | Jay, John |
| Type | Books/Pamphlets |
| Title | 00000400 |
| Type | Books/Pamphlets |
| Transcript | CONFERENCE WITH FLORIDA BLANCA. 369 country; that he had known them long; that he thought their conduct extraordinary in being so urgent for the acceptance of these bills. Mr. Jay then informed his Excellency that he had paid those gentlemen a visit in order to obtain further time, and that they had consented to wait until Monday next. The Count mentioned a fortnight or three weeks as necessary, in order that he might have an opportunity of seeing the person he had sent for, and making some arrangements with him. He said that it would be more agreeable to his Majesty to pay those bills at Cadiz, Bilboa, or Amsterdam, than here ; lamented the precipitancy with which Congress had entered into this measure, saying that, if they had previously addressed the King on the subject, ways and means might have been found, either to transport from their possessions in America specie for the service of Congress, or to have enabled them to have drawn bills of exchange at a shorter sight, which would have prevented the loss of one third of the money to which Congress had subjected themselves, by the terms on which the present bills were sold. Mr. Jay assured his Excellency that, by letters he had received from America, from members of Congress and others, he was informed that the terms were judged so unfavourable to the buyers, that the bills drawn on him sold heavily from that circumstance solely, and not from any doubt of their credit and payment. This did not, however, appear to convince his Excellency, who spoke much of the deranged state of our finances and credit; of the advantages taken Vol I—24 |
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