James Swan to Henry Knox about United States Debt to France and how this Debt Can be Paid, 27 May 1791 PDF Download
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Author: James Swan
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Languages : en
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Swan says he wrote Knox letters on 27 December 1790 and 23 and 27 January 1791. Mentions new ministers from France arriving in America. Their primary goal is to address the U.S. debt to France. Discusses how they could find 40 million dollars to pay the debt. Claims The circumstances of the finances of france, render this matter nearer at heart, than when first proposed. The deficiency in the Revenue with the expence, was not then known: it is now severely felt. Says if there ever was a moment the U.S. could help France, this is it. Claims borrowing from Amsterdam is not cheap at the moment. Mentions speaking about details of other schemes to borrow money with William Short. Continues letter on 10 June. Gives latest on borrowing possibilities and suggests getting money from Holland would be best. Postscript mentions that Gouverneur Morris received letters from America that objected to his posting as a diplomat in France because he has an interest in the U.S. debt to France. States that Morris denies being involved in such speculation. Signature clipped.
Author: James Swan
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Languages : en
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Swan says he wrote Knox letters on 27 December 1790 and 23 and 27 January 1791. Mentions new ministers from France arriving in America. Their primary goal is to address the U.S. debt to France. Discusses how they could find 40 million dollars to pay the debt. Claims The circumstances of the finances of france, render this matter nearer at heart, than when first proposed. The deficiency in the Revenue with the expence, was not then known: it is now severely felt. Says if there ever was a moment the U.S. could help France, this is it. Claims borrowing from Amsterdam is not cheap at the moment. Mentions speaking about details of other schemes to borrow money with William Short. Continues letter on 10 June. Gives latest on borrowing possibilities and suggests getting money from Holland would be best. Postscript mentions that Gouverneur Morris received letters from America that objected to his posting as a diplomat in France because he has an interest in the U.S. debt to France. States that Morris denies being involved in such speculation. Signature clipped.
Author: James Swan
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Languages : en
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Swan has enclosed a plan advantageous to both the U.S. and France and wishes Knox to exert his influence over President George Washington and Secretary of the Treasury Alexander Hamilton to agree to it. Swan also sends the bankers' letter to me, the Commission or agency in which, I sacredly engage to pay to you. In a postscript dated 30 December Swan asks Knox, pray sound Mr. Jefferson on this, or get some one to do it. I am affraid of him, merely because Mr. Short may have misled him.
Author: James Swan
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Languages : en
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Writes that he received Knox's letter from a year ago and would have replied sooner if he had anything interesting to say. He asks Knox to look at a letter he sent to Secretary of State Thomas Jefferson regarding a contract for supplies to the french navy and the Kinds Rationers in the Colonies-to receive in payment for such orders from the Treasury...in part of the debt of the United States to france. Swan describes that the bankers in Amsterdam are holding out from repaying any Company or persons who may hold the bonds, other than the Government here. Swan is concerned that a trading partnership cannot develop as a result unless Mr. Jefferson by his recommendation to the Secretary of the Treasury and to the President, shall propose an Instruction to the Dutchmen...that they shall pay the money due to France. Swan wishes for Knox to exert his influence on both Jefferson and Hamilton in order to achieve a favorable trading relationship.
Author: James Swan
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Languages : en
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Relates the details of his passage to France. Had planned to avoid conversing with people from Boston, but ran into people he knew aboard ship. Received introductions from French nobility during his passage. Asks for news related to the United States Constitution. Discusses his debt, stating his interest in obtaining a consular position to an unspecified location in Europe. Notes that the merchants' wives are the most extravagant in their spending, while the higher order are very prudent & oeconomical, tho' showy. Discusses letters of introduction, mentioning two previous letters from Washington to Count Rochambeau and the Marquis Chatleux. Requests new letters to the Marquis [de Lafayette?] and Mr. [Thomas] Jefferson to spare them the difficulty of recollection, which to me is the most painfull situation I can be placed in... Bemoans his financial situation.
![James Swan to unknown about borrowing money from a Paris bank [in French], 3 June 1791 PDF](https://books.google.com/books/content/images/frontcover/sL9J0AEACAAJ?fife=w80-h100)
Author: James Swan
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Languages : fr
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Possibly written to Henry Knox. Date taken from the body of the document. Docketed 27 May 1791 by Henry Knox. Document appears to be about borrowing money from a banking house in Paris. Possibly written from Paris; see GLC02437.04960.
Author: James Swan
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Languages : en
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Reminds Knox that he needs a sum of money Knox owes him by 1 June. Declares that if his finances were not tightly arranged, and if his credit were not endangered, Swan would not be so insistent.
Author: Henry Knox
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Languages : en
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Thanks him for his last letters. Apologizes for not writing to him about private matters, but alludes to the fact that the custom in Europe (where Swan is) is for the post officers to open the mail, so he did not feel comfortable going into detail. Hopes very sincerely that Swan is able to extricate himself from financial difficulty and avail yourself of the rising prosperity of the United States. Mentions that he has been in Boston and Swan's wife and children are in perfect health. Discusses the new Constitution of the United States, explaining that the legislatures of New York and Virginia are calling for a new convention; North Carolina and Rhode Island are still debating, North Carolina calling a new state convention and Rhode Island still holding out. Discusses international trade as well.
Author: James Swan
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Languages : en
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Discusses financial arrangements he has made with Knox. Relates his apprehension about entering into certain types of deals with Knox.
Author: Henry Knox
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Languages : en
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Returns Swan's account against John Campbell, who has been liberated from Goal by an oath of Insolvency & gone to Europe. (Swan had a dispute with Campbell; see GLC02437.03437). Says he does not know what the charges of Colonel [Alexander?] Hamilton are on this business, but will let Swan know when he finds out. Supports the new Constitution, and believes it will be adopted ultimately. Adds, Should Massachusetts & the other Eastern states embrace it eagerly much evil would be avoided. Date from docket.
Author: Henry Knox
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Languages : en
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Tells Webber that William Knox will inform him of his debt in [Samuel] Ogden's hands. Says he has confidence in the goodness of the debt.
