Montmozin discusses international finance and US debt with Otto
Document 1791Letter, discusses United States' debt.
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[Copie de la lettre de Mr. de Montmorin Ministre du Roi au departement des affaires etrangeres a Mr. Otto Chargé des Affaires du Roi en amerique en date du l'anvieu 1791.]
Je vous adresse, M., plusieurs pieces qui m'ont été envoyées par les Sieux e Schweizer & [Jeanneret?] banquiers à Paris, vous y verrez l'offre que ces particuliers vous faite de se charger de l'Emprunt que le Congres a ouvert en Hollande, principalement pour acquitter notre Creance; vous verrez egalement la Correspondance qu'ils ont Suivie Sur Ces objets avec Mr. Short, les motifs qui ont determiné ce dernier a ne pas accepter leur Soumission et la parte qu'il doit avoir prise de demander les ordres Du President des Etats-unis.
Vous voudrez bien, M., entretenir Mr. Jefferson Sur la proposition de Sr. Schweizer & Jeanneret. Nous devons desirer naturellement que la position gênée de nos finances, qu'elle puisse entrer dans la Revue de Mr. le General Washington et qu'il [se?] determine à l'agreer; mais vous observerez que nous Subordonnons notre Convenanace à celle des Etats-unis, et que si, ce que je ne saurois juger d'avance, l'opération que je propose y est contraire, notre intention n'est point d'y insister.
Lorsque l'on a voulu nous engager à transferer vôtre Créance à des Etrangers, nous nous y Sommes refusés, par crainte de faire une Chose desagréable au Congrès, le Cas present n'est pas le même puisqu'il s'agit Simplement de remplir un Emprunt que cette [assemblée] a determinée elle-même. Je recommande, M., cette affaire à votre zele et à vôtre prudence.
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[Translation]
Copy of a letter of Mr de Montmorin Minister of the King for the department of foreign affairs to Mr Otto, Chargé d'affaires of the King in America, dated January 1791
I transmit to you the Several documents Sent to me by Messrs Schweizer & Jeanneret Bankers at Paris, you will See the offer of those individuals to charge themselves with the loan which Congress has opened in Holland, particularly to pay our demands; You will also observe their correspondance with Mr Short; the motives which have determined the latter not to accept of their Submission and the part which he must have taken in requesting the directions of the President of the United States.
You will be So good Sir as to consult Mr Jefferson on the proposals of Messrs Schweizer & Jeanneret. It is but natural for us to wish, on account of the contracted situation of our finances, that they may meet with the views of General Washington, and that he could resolve to agree to the same — but you will observe that we Submit our own conveniences to those of the United States, and that in case, which I can not yet determine, the proposed operation should prove to be Contrary therewith; it is not our intention to insist thereon.
When they endeavoured to engage us to transfer our claims to foreigners we rejected it from apprehensions of doing any thing disagreeable to Congress; the present case is not the same, as it only Consist to fill a loan which this assembly decreed themselves.
I recommend in this case to your Zeal and prudence.
Type
Contemporary Copy of Letter
Description
Letter, discusses United States' debt.
Date
01/27/1791
Author
Recipient
Repository
Collection
Document number
1791012790001
Page start
1
Note
Letter in French, translation attached.
Notable persons
Otto
Montmozin
General Washington
Jefferson
Short
Schweizer
Otto
de Montmozin
Notable locations
United States
Holland
America
France
Notable items
resolve to agree to the same
we submit our own conveniences to those of the United States
cannot yet determine the proposed operation should prove to be contrary
not our intention to insist
translation
endeavoured to engage us to transfer our claims to foreigners we refused it from apprehensions of doing any thing disagreeable to Congress
consist to fill a loan which this assembly decreed
recommend this case to your zeal and prudence
natural for us to wish on account of the contracted situation of our finances
may meet with the view of general Washington
motives which have determined the latter not to accept of their commission
part he must have taken in requesting the direction of the President of the United States
observe their correspondence
bankers
offer of those individuals to charge themselves with the bank which congress has opened in Holland particularly to pay our demands
copy of a letter
minister of the king for the department of foreign affairs
king in america
transmit to you
several documents

