Your letter of the 20th of June, by Captain Ayres, from Boston, had a quick passage. He sailed on the 4th of July, and your letters were brought to Passy from Bordeaux, where she arrived the 3d of August.
I thank you, Sir, for the kind expressions of your obliging anxiety for me. The uncertainty in which you remain so long, concerning the fate of the Boston, must have been occasioned by the capture of many vessels by which the news was sent, together with many bundles of English newspapers and pamphlets. The prompt ratification of the treaties, as well as the dignity with which you have received the letters from the British Commissioners, has given great satisfaction here. The two articles, the Count de Vergennes agreed, when we presented your instructions to him on that head, should be given up.
The confederation is an important object, and nothing is more wished for in Europe than its completion, and the finishing of the separate governments. The eagerness to complete the American code, and the strains of panegyric in which they speak and write of those parts of it, which have been published in Europe, are very remarkable, and seem to indicate a general revolution in the sentiments of mankind upon the subject of government. Our currency cannot engage our attention too much. And the more we think of it, the more we shall be convinced, that taxation, deep and broad taxation, is the only sure and lasting remedy. Loans in Europe will be very difficult to obtain. The powers at war, or at the eve of war, have such vast demands, and offer terms so much better than ours, that nothing but sheer benevolence to our cause can induce any person to lend us. Besides a large foreign debt would be a greater evil, for what I know, than a paper currency. Moreover, your large drafts upon the Commissioners here, from various quarters, are like to consume more money than we can borrow. We shall do however all we can.