|Gentlemen||The Hague 18. December 1795.|
By this night’s Mail from Paris, I have a reply to my Letter to Mr: Monroe of the 4. Instant. It is more than probable, that you have from that Gentleman similar information to that contained in his letter to me, by the same post.
It appears that the escort demanded to accompany the Specie has been refused, but that no notice was taken of that part of the application, which respected the liberty of transportation. Mr: Monroe is therefore endeavoring to obtain a decision on that point, and if obtained favorably, he promises to forward it, in the best manner possible.
As some time however must necessarily be consumed before the result of his new efforts can be known, he suggests the expediency of drawing Bills upon him for the sum in question, offering as an inducement “that money is more valuable at Paris than Bills on foreign Countries, sometimes 10. 15. & 20 per cent,” of course he infers that Bills might be negotiated on him to advantage.
The proposition being made to me to negotiate these drafts, I have thought proper to communicate it to you, and at the same time to request your opinion as to the expediency of such a measure.
If Bills payable at sight can be negotiated upon Paris at par, and without a loss to the United States greater than would be the expence of forwarding the silver, such an arrangement strikes me as being eligible but I must confess, that my doubts as to its practicability upon such terms are strong.
After receiving your answer I shall be better able to form a judgment of it, than I am at present. If in your opinion it should be deemed expedient, & any authorization from me to enable you to draw upon Mr. Monroe shall be necessary, it will be given with pleasure
Mr: Monroe assures me, that notwithstanding this proposal, he shall not relax his efforts to expedite the transmission of the silver to you
I am &ca.
LbC (CtHi: Wolcott Papers), enclosure in TBA to Oliver Wolcott, 6 Jan. 1796; internal address: “T. B. Adams to Messrs: Willink van Staphorst & Hubbard.”