It is, therefore, but three months
from this day, before your answer should be in Amsterdam. It might
answer a useful purpose also, could I receive a communication of that
answer ten days earlier than they. The same stagnation attending our
passage from the old to the new form of government, which stops the
feeble channel of money hitherto flowing towards our treasury, has
suspended also what foreign credit we had. So that, at this moment, we
may consider the progress of our loan as stopped. Though much an
enemy to the system of borrowing, yet I feel strongly the necessity of
preserving the power to borrow. Without this, we might be overwhelmed by
another nation, merely by the force of its credit. However, you can best
judge whether the payment of a single year's interest on Stanitski's
certificates, in Europe, instead of America, may be more injurious to
us than the shock of our credit in Amsterdam, which may be produced by a
failure to pay our interest.
I have only to offer any services which I can render in this business,
either here or by going to Holland, at a moment's warning, if that
should be necessary.
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