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

THE TREASURY BOARD TO JOHN ADAMS. - John Adams, The Works of John Adams, vol. 8 (Letters and State Papers 1782-1799) [1853]

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. 8.

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

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THE TREASURY BOARD TO JOHN ADAMS.

Board of Treasury, 6 April, 1786.

Sir,—

We do ourselves the honor of transmitting to you a duplicate of our letters to yourself and the commissioners of the Dutch loans of the 7th and 22d March last. The latter, together with one of this date, addressed to the same gentlemen, and inclosing a bill in their favor on Messrs. Wilhem and Jan Willink, of Amsterdam, we request the favor of you to forward by the first mail. Our letter to the commissioners is left open for your perusal, by which you will find that our directions to those gentlemen are to appropriate the proceeds of this bill for the purpose specified in the resolve of congress of the 14th February, 1785, relative to the proposed treaties with the Barbary powers, in case the moneys appropriated for this object have not been drawn out of their hands previous to the receipt of this bill. But, in case this event has taken place, our orders are to discount the bill, and to apply the proceeds for the payment of the Dutch interest, which becomes due on the first of June next. This remittance, added to the sum of thirty thousand dollars, which will be remitted to them for the same purpose by Messrs. Constable, Rucker & Co., in pursuance of a contract made with this Board, will very nearly complete the whole sum of interest which will become due on that day. The deficiency, we trust, will be made up by additional subscriptions to the loan; but, should this not be the case, we must request you not to draw the whole moneys appropriated for the Barbary treaties out of the hands of the commissioners (if not already done), relying on our taking measures to remit, with all possible despatch, to those gentlemen a further sum of twenty thousand dollars, with directions to apply it, in the first instance, to make up any deficiency arising on this account on the sum of eighty thousand dollars appropriated for the purpose above mentioned.

We have the honor to be, &c.

Samuel Osgood,

Walter Livingston.