On the receipt of your letter, advising me to purchase the two volumes of Deane’s letters and accounts, I wrote to the person who had them, and after some offers and refusals, he let me have them for twenty-five louis, instead of twenty louis asked at first. He told me that Deane had still six or eight volumes more, and that when he should return to London he would try to get them, in order to make himself whole for the money he had lent Deane. As I knew he would endeavor to make us pay dear for them, and it appeared to be your opinion, and that of the members you had consulted, that it was an object worthy attention, I wrote immediately to a friend in London to endeavor to purchase them from Deane himself, whose distresses and crapulous habits will probably render him more easy to deal with. I authorized him to go as far as fifty guineas. I have as yet no answer from him. I enclose you a letter which I wrote last month to our bankers in Holland. As it will itself explain the cause of its being written, I shall not repeat its substance here. In answer to my proposition, to pay bills for the medals and the redemption of our captives, they quote a resolution of Congress (which, however, I do not find in the printed journals), appropriating the loans of 1787 and 1788 to the payment of interest on the Dutch loans till 1790, inclusive, and the residue to salaries and contingencies in Europe, and they argue, that, according to this, they are not to pay any thing in Europe till they shall first have enough to pay all the interest which will become due to the end of the year 1790; and that it is out of personal regard, that they relax from this so far as to pay diplomatic salaries. So that here is a clear declaration they will answer no other demands, till they have in hand money enough for all the interest to the end of the year 1790. It is but a twelvemonth since I have had occasion to pay attention to the proceedings of those gentlemen; but during that time I have observed, that as soon as a sum of interest is becoming due, they are able to borrow just that, and no more; or at least only so much more as may pay our salaries, and keep us quiet. Were they not to borrow for the interest, the failure to pay that would sink the value of the capital, of which they are considerable sharers. So far their interests and ours concur. But there, perhaps, they may separate. I think it possible they may choose to support our credit to a certain point, and let it go no further, but at their will; to keep it so poised, as that it may be at their mercy. By this, they will be sure to keep us in their own hands. They write word to the treasury, that in order to raise money for the February interest, they were obliged to agree with the subscribers, that Congress should open no other loan at Amsterdam this year, till this one be filled up, and that this shall not be filled but by the present subscribers, and they not obliged to fill it. This is delivering us, bound hand and foot, to the