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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.

About Liberty Fund:

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THE TREASURY BOARD TO JOHN ADAMS.

Sir,

We are favored with your letter of the 8th of May last, transmitting protests for non-acceptance of the two bills of exchange for 75,000 florins drawn by Constable, Rucker & Co. of New York, by their partner, Mr. John Rucker of London. From the solidity of the house by whom the bill was drawn (being in partnership with Mr. Robert Morris of Philadelphia), we had not the most distant apprehension of any disappointment on this remittance; you may, therefore, judge of our surprise and mortification when, previous to the receipt of your letter, we heard of Mr. Rucker’s arrival in this city. It gives us pleasure to inform you that this gentleman is returned, by direction of Mr. Morris, to take up the bills drawn on him; and that we have the fullest assurance from the house, that effectual measures will be adopted for paying the bills remitted to you when they become due. We are glad you changed your first intentions of transmitting the original bills; you will be pleased to have them presented for payment when at maturity.

Your communications to congress on the subject of the loan you have effected, in consequence of this and other circumstances, for one million of florins, having been referred to this Board, we have agreed on a report, approving of the same, and recommending an immediate ratification; as soon as the determination of congress is made known to us, you shall be acquainted with the result.

We have the honor to be, &c.

Samuel Osgood,

Arthur Lee.