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sons whom I formerly gave you reason to expect has prevented my writing, as it has done yours. They will probably leave this in a week, but their route will be circuitous and attended with delays. Between the middle and last of November, they may be with you. By them, you will receive a cypher, by which you may communicate with Mr. Adams and myself. I should have sent it by Baron Dreyer, the Danish minister; but I then expected our own conveyance would have been quicker. Having mentioned this gentleman, give me leave to recommend him to your acquaintance. He is plain, sensible, and open: he speaks English well, and had he been to remain here, I should have cultivated his acquaintance much. Be so good as to present me very respectfully to him.

This being to go by post, I shall only add the few articles of general American news, by the last packet. Dr. Franklin arrived in good health at Philadelphia, the 15th ult., and was received amidst the acclamations of an immense crowd. No late event has produced greater demonstrations of joy. It is doubted whether Congress will adjourn this summer; but they are so thin, they do not undertake important business. Our western posts are in statu quo.

I have the honor to be, with great esteem, dear Sir, your friend and servant.

TO COUNT DE ARANDA.

PARIS, October 22, 1785.

SIR,-The friendly dispositions which the Court of Madrid have been pleased to show towards us in our affairs relative to the Barbary Powers, induce me to trouble you with an application on that subject. We are about sending persons to Morocco and Algiers to form arrangements with those powers. They will go by the way of Madrid. I ask the favor of your Excellency's passports for them. It would increase their value much if they could protect those persons from having their baggage searched.

The one going to Morocco takes with him about a thousand guineas worth of watches, rings, and other things of that nature: he who goes to Algiers takes about a fourth of that value. I pledge myself that these, with their necessary clothes, will constitute the whole of their baggage, and that these are neither to be sold nor left in Spain. The duties to which these things would be subject are of no consideration with us. It is to avoid the delays, the difficulties, and even the losses which may accrue from the examination of small and precious things on the road. Two separate passports will be acceptable: the one for Thomas Barclay, and David S. Franks, and their servants; the other for John Lambe and Randall, and their servants. We propose to keep these transactions as much as we can from the eyes of the public.

I have the honor to be, with the highest respect and esteem, your Excellency's most obedient and most humble servant.

TO MESSRS. VAN STAPHORSTS.

PARIS, October 25, 1785.

GENTLEMEN,-I received yesterday your favor of the 20th instant. In order to give you the information you desire on the subject of the liquidated debts of the United States, and the comparative footing on which they stand, I must observe to you, that the first and great division of our federal debt, is, into 1, foreign; and 2, domestic. The foreign debt comprehends, 1, the loan from the government of Spain: 2, the loans from the government of France, and from the Farmers General; 3, the loans negotiated in Holland, by order of Congress. This branch of our debt stands absolutely singular; no man in the United States having ever supposed that Congress, or their legislatures, can, in any wise, modify or alter it. They justly view the United States as the one party, and the lenders as the other, and that the consent of both would be requisite, were any modi

fication to be proposed. But with respect to the domestic debt, they consider Congress as representing both the borrowers and lenders, and that the modifications which have taken place in this have been necessary to do justice between the two parties, and that they flowed properly from Congress as their mutual umpire. The domestic debt comprehends 1, the army debt; 2, the loan office debt; 3, the liquidated debt; and 4, the unliquidated debt. The first term includes debts to the officers and soldiers for pay, bounty and subsistence. The second term means moneys put into the loan office of the United States. The third comprehends all debts contracted by quarter-masters, commissaries, and others duly authorized to procure supplies for the army, and which have been liquidated (that is, settled) by commissioners appointed under the resolution of Congress, of June the 12th, 1780, or by the officer who made the contract. The fourth comprehends the whole mass of debts, described in the preceding article, which have not yet been liquidated. These are in a course of liquidation, and are passing over daily into the third class. The debts of this third class, that is, the liquidated debt, is the object of your inquiry. No time is fixed for the payment of it, no fund as yet determined, nor any firm provision for the interest in the meantime. The consequence is, that the certificates of these debts sell greatly below par. When I left America, they could be bought for from two shillings and sixpence to fifteen shillings in the pound: this difference proceeding from the circumstance of some States having provided for paying the interest on those due in their own State, which others had not. Hence, an opinion had arisen with some, and propositions had even been made in the legislatures, for paying off the principal of these debts with what they had cost the holder, and interest on that. This opinion is far from being general, and I think will not prevail. But it is among possible events.

I have been thus particular, that you may be able to judge, not only in the present case, but also in others, should any attempts be made to speculate in your city, on these papers. It is a busi

ness, in which foreigners will be in great danger of being duped. It is a science which bids defiance to the powers of reason. To understand it, a man must not only be on the spot, and be perfectly possessed of all the circumstances relative to every species of these papers, but he must have that dexterity which the habit of buying and selling them alone gives. The brokers of these certificates are few in number, and any other person venturing to deal with them, engages in a very unequal contest.

I have the honor to be, with the highest respect, gentlemen, your most obedient humble servant.

TO WILLIAM CARMICHAEL.

PARIS, November 4, 1785.

DEAR SIR, I had the honor of writing you on the 18th of October, and again, on the 25th of the same month. Both letters, being to pass through the post offices, were confined to particular subjects. The first of them acknowledged the receipt of yours, of September the 29th.

At length a confidential opportunity arrives for conveying to you a cypher; it will be handed you by the bearer, Mr. Lambe. Copies of it are in the hands of Mr. Adams, at London, Mr. Barclay, who is proceeding to Morocco, and Mr. Lambe, who is proceeding to Algiers. This enables us to keep up such correspondences with each other, as may be requisite. Congress, in the spring of 1784, gave powers to Mr. Adams, Dr. Franklin and myself, to treat with the Barbary States. But they gave us no money for them, and the other duties assigned us render it impossible for us to proceed thither in person. These things having been represented to them, they assigned to us a certain sum of money, and gave us powers to delegate agents to treat with those States, and to form preliminary articles, but confining to us the signing of them in a definitive form. They did not restrain us in the appointment of the agents; but the orders of Congress were brought to us by Mr. Lambe, they had waited for him four months, and the recommendations he brought pointed him out, in our opinion,

as a person who would meet the approbation of Congress. We therefore appointed him to negotiate with the Algerines. His manners and appearance are not promising. But he is a sensible man, and seems to possess some talents which may be proper in a matter of bargain. We have joined with him, as secretary, a Mr. Randall, from New York, in whose prudence we hope he will find considerable aid. They now proceed to Madrid, merely with the view of seeing you, as we are assured they will receive from you lights which may be useful to them. I hear that d'Expilly and the Algerine ministers have gone from Madrid. Letters from Algiers, of August the 24th, inform me that we had two vessels and their crews in captivity there, at that time. I never had reason to believe, certainly, that any others had been captured. Should Mr. Lambe have occasion to draw bills, while in Spain, on Mr. Adams, you may safely assure the purchasers that they will be paid.

An important matter detains Mr. Barclay some days longer, and his journey to Madrid will be circuitous. Perhaps he may arrive there a month later than Lambe. It would be well if the Emperor of Morocco could, in the meantime, know that such a person is on the road. Perhaps you may have an opportunity of notifying this to him officially, by asking from him passports for Mr. Barclay and his suite. This would be effecting two good purposes at once, if you can find an opportunity.

Your letter of September the 2d, did not get to my hands till these arrangements were all taken between Mr. Adams and myself, and the persons appointed. That gave me the first hint that you would have acted in this business. I mean no flattery when I assure you, that no person would have better answered my wishes. At the same time, I doubt whether Mr. Adams and myself should have thought ourselves justifiable in withdrawing a servant of the United States from a post equally important with those which prevented our acting personally in the same business. I am sure, that, remaining where you are, you will be able to forward much the business, and that you will do it with a zeal you have hitherto manifested on every occasion.

Your intercourse with America being less frequent than ours,

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