s' representations, and Luzerne's prepossessions against our trade
with their colonies, occasioned him, as minister of that department,
not only to reverse the ordinance, but to recall Chillon and send out
a successor. Chillon has arrived here, and having rendered himself very
popular in the islands, their deputies in the National Assembly have
brought the question before them. The Assembly has done nothing more,
as yet, than to appoint a committee of inquiry. So much of Chillon's
ordinance as admitted the importation of our provisions, is continued
for a time. M. de Marbois, too, is recalled, I know not why or how. M.
de la Luzerne's conduct will probably come under view only incidentally
to the general question urged by the colony deputies, whether they shall
not be free in future, to procure provisions where they can procure
them cheapest. But the deputies are disposed to treat M. de la Luzerne
roughly. This, with the disgrace of his brother, the Bishop de Langres,
turned out of the presidentship of the National Assembly, for partiality
in office to the aristocratic principles, and the disfavor of the
Assembly towards M. de la Luzerne himself, as having been formerly of
the plot (as they call it) with Breteuil and Broglio, will probably
occasion him to be out of office soon.
The treasury board have no doubt attended to the necessity of giving
timely orders for the payment of the February interest at Amsterdam.
I am well informed that our credit is now the first at that exchange,
(England not borrowing at present.) Our five per cent, bonds have
risen to ninety-seven and ninety-nine. They have been heretofore at
ninety-three. There are, at this time, several companies and individuals
here, in England, and Holland, negotiating to sell large parcels of our
liquidated debt. A bargain was concluded by one of these the other day,
for six hundred thousand dollars. In the present state of our credit,
every dollar of this debt will probably be transferred to Europe within
a short time.
September the 20th. The combination of bankers and other ministerial
tools had led me into the error (when I wrote my last letter), into
which they had led most people, that the loan lately opened here went on
well. The truth is, that very little has been borrowed, perhaps not more
than six or eight millions. The King and his ministers were yesterday to
carry their plate to the mint. The ladies are giving up their jewels to
the National Assem
|