Entry  About  Search  Log In  help (navigation)
Publication
     
     
     
printable version
 

Thomas Boylston Adams to James Monroe

17 Dec. 1795

Sir The Hague 17 December 1795.

Not having been favored with a reply to the letter, which I had the honor to write you on the 4th: current, I feel an obligation dictated by my own duty & the renewed solicitations of the Bankers of the United States at Amsterdam, to address you once more upon the subject of the remittance in Specie, which has so long & so anxiously been expected to arrive from Paris.

The Bankers are already under very considerable advances for the United States in consequence of payments made by them, for which no provision has yet arrived from the Treasury Department; & they have repeatedly assured me, that unless the proceeds of the Bill on Messrs: Dallarde Swan &Co: shall reach them prior to the first of January, a postponement of the payment, which will fall due at the time on behalf of the United States at Amsterdam, will be inevitable.

As it is of the first importance to the Credit & Interest of our Country that no failure whatever should take place, in the punctual discharge of her pecuniary engagements in Europe, I venture to hope, that though your strenuous exertions, some expedient will yet be adopted, by which the Specie in your hands may be made to reach the Bankers at Amsterdam in sufficient season to prevent the ill consequences of a delay in payment there.

Supposing all obstructions on the part of the French Government, which have hitherto impeded the transmission of the Specie to be removed, it is impossible perhaps for a person at this distance to suggest any plan to effect it, which shall have both safety & dispatch in its favor. There is reason to believe however, that the first difficulties still exist, & that the remittance is as little likely to be made now, as it has been heretofore. In this emergency, the Bill upon Messrs: Lubbert & Dumas of Hamburg, payable at Amsterdam, occurs as a resource, provided by the Secretary of the Treasury, in default of the possibility that remittances in specie from Paris, should be made.

At what sight that Bill was drawn is unknown to me, but in case a recurrence to it would probably secure a speedier realization of means for the punctual payment at Amsterdam, than by waiting for the specie in your hands, I beg leave strongly to recommend the immediate endorsement of it to our Bankers at that place.

Persuaded that the urgency of this affair will command your unwearied attention, & that due weight will be given by you to every suggestion favorable to the interests of our Country, I have the honor to be with respectful consideration

Sir / your very humb. & ob. servt

Thomas B Adams

RC(DLC: Monroe Papers); LbC (CtHi: Wolcott Papers), enclosure in TBA to Oliver Wolcott, 6 Jan. 1796; internal address: “T. B Adams to James Monroe Esqr:”.

This early access document should not be cited in formal research.
Please report any errors or problems you notice in documents.