American Debt and Bondholders

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CollectionPierpont Morgan Library: Henry Knox Papers view image
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Document Information
Date October 3, 1790
Author Name James Swan (primary) Location: Paris
Recipient Name Henry Knox (primary)
Summary Letter, Businessman in Europe asks for Knox to exert his influence on Washington and Jefferson
Document Format Letter, Type Undetermined
Document Notes Bracketed note at the bottom of page 4 apparently attributes letter to James Swan.
Content Notes [not available]
Related Persons/Groups Henry Knox; James Swan; Secretary for Foreign Affairs; Secretary of State Thomas Jefferson; French Navy; King; Continental Treasurers; Le Couteul; Congress Bankers; President; Dutchmen; Dutch agents; Alexander Hamilton; ;
Related Places Paris; Amsterdam; America; Europe; United States; France; Colonies; ;
Keywords request; personal interest; contract here for supplies; payment; business; difference of price; a very considerable sum; American debt; speculation; no discredit; bonds; negotiation; beef, pork, etc; livres; trade; manufactures; absorption of the debt; payment in money; credit; commission; national benefit; ;
Key Phrases recommendation to the Secretary of the Treasury & to the President; propose instructions to those Dutchmen or to the agent who may have charge of the loan; pay the money due to France to the Treasurer of France or to his order or to the holders of the bonds; nations are anxious to have the American debt paid in this manner; so large and so long a supply would have amounted to a very considerable sum; proposed on the American debt as had always been the case in the past speculations; Congress bankers in Amsterdam have set their forces against this plan and have given to understand that no money will be paid them to any company or persons who may hold the bonds other than the government here; negociation which would have opened such a market for our produce; require a judgement for such; orders from the Treasury here on the Continental Treasurers in Europe in part of the debt of the United States to France;

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