Front Page Titles (by Subject) JAY TO THOMAS JEFFERSON. - The Correspondence and Public Papers of John Jay, vol. 3 (1782-1793)
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JAY TO THOMAS JEFFERSON. - John Jay, The Correspondence and Public Papers of John Jay, vol. 3 (1782-1793) 
The Correspondence and Public Papers of John Jay, ed. Henry P. Johnston, A.M. (New York: G.P. Putnam’s Sons, 1890-93). Vol. 3 (1782-1793).
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JAY TO THOMAS JEFFERSON.
New York, 14th July, 1786.
Since my last to you of the 16th ult. I have been honoured with your letter of 23d and a joint one from you and Mr. Adams of 25th April.
Considering the importance of our commerce with Portugal, it gives me pleasure to learn that a treaty with that kingdom was so nearly concluded. Until our affairs shall be more perfectly arranged, we shall treat under disadvantages; and therefore I am not surprised that our negotiations with Britain and Barbary are unpromising. To be respectable abroad, it is necessary to be so at home; and that will not be the case until our public faith acquires more confidence, and our government more strength.
When or how these great objects will be attained, can scarcely be conjectured. An uneasiness prevails through the country, and may produce eventually the desired reformations, and it may also produce untoward events. Time alone can decide this and many other doubts; for nations, like individuals, are more frequently guided by circumstances, than circumstances by them.
There are some little circumstances that look as if the Dutch regret our having found the way to China; and that will doubtless be more or less the case with every nation with whose commercial views we may interfere. I am happy in reflecting, that there can be but little clashing of interests between us and France, and therefore that she will probably continue disposed to wish us well and do us good; especially, if we honestly fulfil our pecuniary engagement with her. These engagements, however, give me much concern. Every principle and consideration of honour, justice, and interest calls upon us for good faith and punctuality; and yet we are unhappily so circumstanced, that the moneys necessary for the purpose are not provided, nor in such a way of being provided as they ought to be. This is owing, not to anything wrong in Congress, but to their not possessing the power of coercion without which no government can possibly attain the most salutary and constitutional objects. Excuses and palliations, and applications for more time, make bad remittances, and will afford no inducements to our allies or others to afford us similar aids on future occasions.
With great respect I have the honour to be, dear sir,
Your most obedient and humble servant,