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Subject Area: Political Theory
Topic: The American Revolution and Constitution

TO MESSRS. JOHN DE NEUFVILLE AND SONS. - John Adams, The Works of John Adams, vol. 7 (Letters and State Papers 1777-1782) [1852]

Edition used:

The Works of John Adams, Second President of the United States: with a Life of the Author, Notes and Illustrations, by his Grandson Charles Francis Adams (Boston: Little, Brown and Co., 1856). 10 volumes. Vol. 7.

Part of: The Works of John Adams, 10 vols.

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TO MESSRS. JOHN DE NEUFVILLE AND SONS.

Sir,

I received this morning your favor of yesterday with the inclosures. You seem to think that the loan has been opened too soon; but I am not of that opinion. Better too soon than too late. If it had been too late, you see, the time would have been passed and could never be recalled. But if it is only too soon, there is nothing wanting but a little patience to wait, and the true time will come in its course.

I should be obliged to you to send along the obligations as soon as convenient, that I may sign them and dispose of them. I can find persons in my travels who will take them and give me the money for them. I think to stand my own broker, undertaker, and banker. I should be obliged to you, if you would countersign some of the obligations before you send them to me, because there are persons ready to take some of them. Do not be amused. The mediation of Russia cannot interrupt or retard our affairs. If that mediation produces nothing, and the war goes on, it will not affect our loan. If it produces an acknowledgment of American independence and of the rights of neutral vessels, as it is given out that it will, surely this will not retard our loan. In all cases, be not deceived. I will not be. My business is to try the experiment, and to know whether we have credit and friends or not. If we find we have not, there is no harm done. Every one in that case will follow his own taste, which you know there is no disputing.

I have the honor to be, &c.

John Adams.1

[1 ]Upon this letter a few notes may be necessary. I found, by experience, that there was in Holland a public and a secret doctrine among the merchants, capitalists, and brokers, like those of the ancient Egyptian priests; and I am afraid there is something too much like it in all countries and in all ages in society, which sometimes greatly embarrasses honest men and sincere inquirers after truth. A very respectable gentleman told me,—“If, sir, you were to write me a letter, and ask my opinion, whether M. de Neufville’s house is a solid house, and M. de Neufville’s credit a solid credit, I should answer you in the affirmative. Yes, sir, a very solid house and a very solid credit. Nevertheless, I caution you, in confidence, to have a care.” M. de Neufville was generally, and I believe justly, reputed an honest, well-meaning man; but the knowing ones thought he had not a clear head, and remembered various injudicious speculations in which he had been engaged, which had proved very disadvantageous to him. Such, however, was his public reputation, that I still flattered myself he would obtain something to help me discharge my American bills, and lessen the burden on the Court of France; and in this I was encouraged by Mr. Luzac, Mr. Dumas, and several others of my friends, which occasioned my writing as I did in this letter. Again, there was an ambitious burgomaster in Amsterdam, Mr. Rendorp, secretly in the interest of the stadtholder and the English, who found means upon this occasion and upon several others to insinuate discouragement to M. de Neufville. And at this time he began to find by experience that he should dispose of very few, if any, of my obligations, and was very desirous that I should impute his ill success to the hope of peace held out by a confused rumor which began to spread in Europe of an intended mediation of the two imperial courts. After all, whatever was the cause, my hopes were blasted as well as those of M. de Neufville. I obtained only the three thousand guilders which M. Luzac had promised; and M. de Neufville obtained only two thousand among all his friends.

Letters to the Boston Patriot, 1809.