bill of lading, and will pay the surplus of the proceeds as soon as received. If they sell at Havre or Rouen, they may receive ready money, and of course pay the balance soon; if they sell at Paris, it must be on a year's credit (because this will be to the retailers). The money, therefore, will be received later, but it will be at least six livres the quintal more; a difference well worth waiting for. I know of no mercantile house in France of surer bottom.

Affairs in Europe seem to threaten war. Yet I think all may be settled without it. The Emperor disapproves of the concessions made to the Netherlands by their governors, but called for deputies to consult on the matter. They have sent deputies without power to yield a jot, and go on arming. From the character 'of their Sovereign, it is probable he will avail himself of this deputation to concede their demands. The affairs of Holland are so thoroughly embroiled, that they would certainly produce a war if France and England were in a condition for it. But they are not, and they will therefore find out some arrangement either perpetual or temporary to stop the progress of the civil war begun in that country. A spirit of distrust in the government here, and confidence in their own force and rights, is pervading all ranks. It will be well if it awaits the good which will be worked by the provincial assemblies, and will content itself with that. The parliament demand an assembly of the States; they are supported by the ministers of the nation, and the object of asking that assembly is to fix a constitution, and to limit expenses. They refuse to register any edict for a new tax. This has so far lessened the credit of government, that the purse of the money lender is shut. They speak here as freely as Junius wrote. Yet it is possible that in the event of war, the spirit of the nation would rise to support a cause which is approved-I mean that of Holland.

I have had the Messrs. Le Coulteux sounded on the subject of lending money. I had before tried the same thing with others. But nothing is to be obtained for persons on our side the water. They have no confidence in our laws. Besides, all the money men are playing deeply in the stocks of the country. The spirit

of "agiotage" (as they call it) was never so high in any country before. It will probably produce as total deprivation of morals as the system of law did. All the money of France is now employed in this, none being free even for the purposes of commerce, which suffers immensely from this cause.

Before I conclude, I must add, on the subject of rice, that, what cannot arrive here a month before the careme, would miss its sale, and must therefore go to another market. The merchant, however, to whom it is consigned, will be competent to this measure whenever he finds it a necessary one. I beg leave to be presented very respectfully to Mrs. Izard and your family, and to assure you of the sincere sentiments of esteem and attachment with which I am, dear Sir, your friend and servant.

TO JAMES MADISON.

PARIS, August 2, 1787.

DEAR SIR,-My last was of June the 20th. Yours, received since that date, are of May the 15th, and June the 6th. In mine I acknowledged the receipt of the paccan nuts which came sealed up. I have reason to believe those in the box have arrived at L'Orient. By the Mary, Captain Howland, lately sailed from Havre to New York, I shipped three boxes of books, one marked J. M. for yourself, one marked B. F. for Dr. Franklin, and one marked W. H. for William Hay in Richmond. I have taken the liberty of addressing them all to you, as you will see by the enclosed bill of lading, in hopes you would be so good as to forward the other two. You will have opportunities of calling on the gentlemen for the freight, &c. In yours you will find the books noted in the account, inclosed herewith. You have now Mabby's works complete, except that on Poland, which I have never been able to get, but shall not cease to search for. Some other volumes are wanting too, to complete your collection of Chronologies. The fourth volume of D'Albon was lost by

.

the bookbinder, and I have not yet been able to get one to replace it. I shall continue to try. The Memoires sur les droits et impositions en Europe, (cited by Smith,) was a scarce and excessively dear book. They are now reprinting it. I think it will be in three or four quartos, of from` nine to twelve livres a volume. When it is finished, I shall take a copy for you. Amelot's travels into China, I can learn nothing of. I put among the books sent you two somewhat voluminous, and the object of which will need explanation; these are the Tableau de Paris and L'espion Anglois. The former is truly a picture of private manners in Paris, but presented on the dark side, and a little darkened moreover. But there is so much truth in its ground-work, that it will be well worth your reading. You will then know Paris (and probably the other large cities of Europe) as well as if you had been there for years. L'espion Anglois is no caricature. It will give you a just idea of the wheels by which the machine of government is worked here. There are in it also many interesting details of the last war, which, in general, may be relied on. It may be considered as the small history of great events. I am in hopes, when you shall have read them, you will not think I have misspent your money for them. My method for making out this assortment was, to revise the list of my own purchases since the invoice of 1785, and to select such as I had found worth your having. Besides this, I have casually met with and purchased some few curious and cheap things.

I must trouble you on behalf of a Mr. Thomas Burke, at Loughburke, near Loughrea, in Ireland, whose brother, James Burke, is supposed to have died in 1785, on his passage from Jamaica, or St. Eustatius to New York. His property on board the vessel is understood to have come to the hands of alderman Groom at New York. The enclosed copy of a letter to him, will more fully explain it. A particular friend of mine here applies to me for information, which I must ask the favor of you to procure, and forward to me.

Writing news to others, much pressed in time, and making

this letter one of private business, I did not intend to have said anything to you on political subjects. But I must press one subject. Mr. Adams informs me he has borrowed money in Holland, which, if confirmed by Congress, will enable them to pay, not only the interest due here to the foreign officers, but the principal. Let me beseech you to reflect on the expediency of transferring this debt to Holland. All our other debts in Europe do not injure our reputation so much as this. These gentlemen have connections both in and out of office, and these again their connections, so that our default on this article is further known, more blamed, and excites worst dispositions against us, than you can conceive. If you think as I do, pray try to procure an order for paying off their capital. Mr. Adams adds, that if any certain tax is provided for the payment of interest, Congress may borrow enough in Holland to pay off their whole debts in France, both public and private, to the crown, to the Farmers, and to Beaumarchais. Surely it will be better to transfer these debts to Holland. So critical is the state of that country, that I imagine the moneyed men of it would be glad to place their money in foreign countries, and that Mr. Adams could borrow there for us, without a certain tax for the interest, and saving our faith too, by previous explanations on that subject. This country is really supposed on the eve of a * Such a spirit has risen within a few weeks, as could not have been believed. They see the great deficit in their revenues, and the hopes of economy lessen daily. The parliament refuse to register any act for a new tax, and require an Assembly of the States. The object of this Assembly is evidently to give law to the King, to fix a constitution, to limit expenses. These views are said to gain upon the

nation.*

*

A final decision of some sort should be made on Beaumarchais' affairs.

I am, with sentiments of the most perfect esteem, dear Sir, your friend and servant.

[* The parts of this letter marked by asterisks, are in cypher, and unintelligible.] 14

VOL. II.

TO THOMAS BARCLAY.

PARIS, August 3, 1787.

DEAR SIR,-I am now to acknowledge the receipt of your several favors of June the 29th, and July the 6th and 8th.

1

I am of opinion that the affair of Geraud and Roland in Holland had better be committed to Mr. Dumas in Holland, as lawsuits must be always attended to by some person on the spot. For the same reason, I think that of La Vayse and Puchilberg should be managed by the agent at L'Orient, and Gruel's by the agent at Nantes. I shall always be ready to assist the agents of L'Orient and Nantes in any way in my power; but were the details to be left to me, they would languish necessarily, on account of my distance from the place, and perhaps suffer too, for want of verbal consultations with the lawyers entrusted with them. You are now with Congress, and can take their orders on the subject. I shall, therefore, do nothing in these matters, in reliance that you will put them into such channel as they direct, furnishing the necessary documents and explanations.

With respect to the French affair, being perfectly satisfied myself, I have not ceased, nor shall I cease, endeavoring to satisfy others, that your conduct has been that of an honest and honorable debtor, and theirs the counterpart of Shylock in the play. I enclose you a letter containing my testimony on your general conduct, which I have written to relieve a debt of justice pressing on my mind, well knowing, at the same time, you will not stand in need of it in America. Your conduct is too well known to Congress, your character to all the world, to need any testimonials.

The moment I close my despatches for the packet, which will be the 9th instant, I shall, with great pleasure, go to pay my respects to Mrs. Barclay at St. Germains, to satisfy her on the subject of your transactions, and to assure her that my resources shall be hers, as long as I have any. A multitude of letters to write, prevents my entering into the field of public news, further