He is distressed by the flood of bills drawn upon him by Congress and has
written to them to desist in the practice lest it lead to a loss of their credit. On
application to the French court, he has received the assurances of the King that funds
will be granted to him to satisfy the demands against the United States. Included in the
amount favorable c onsidered was 25,000 dollars, which he feels Jay will eventually have
to call upon him to pay. John Jay, in repayment, may embrace Mrs. Jay, whom Franklin
appoints his attorney for this purpose. Keep in good temper concerning Spain-for they
owe the U.S. nothing. Even if they give but little help, at least they are on U.S. side.
As to Mississippi, Franklin would rather buy out all Spanish rights than sell a drop of
its waters. In America spirits are high, and the new money enjoys high
credit.
Subjects
United States--History--Revolution, 1775-1783; Jay, John, 1745-1829
Format
correspondence
Genre
correspondence
Date
1780 October 02
Physical Description
7
Note
The entire content of the original has been digitized.
