A Letter received of His Excellency Robt Morris Esqr induced us to apply to your Escellency, since we satisfyed all the demands of Mr. Grand in consequence of the order of said Mr. Morris, who was pleased to say that he should make no further disposal on us till he received our advice.

We received a Letter of him dated 5 Augt. that the armey being disbanded the occasion he had for money induced him to draw two Hundred thousand Guilders as he Expected the wants of Mr. Grand should not be very great he intended he augment his drafts till half a million of Guilders but to day we receive an other Letter of His Excellency dated 1 8ber that he had augmented his drafts to one million to be disposed of dayly desiring our acceptance and when we should not be in Cash his Excellency would make us the Needfull remittances about 525.000 are presented already to us and the remainder may daily appear whilst we are and shall be only the Cash the produce of a Cargo of Tobacco included about 400.000, whilst the further distribution of obligations by the scarcity of Mony and concurrency of other Loans makes it impossible to gather a sufficient sum in the space of time the bills Drawn at 90/ds become due and at the same moment impossible to expect or desire the remittances of Mr. Morris we are to Conscious not to penetrate the fatal consequences in Case we are not able to give acceptance to said amount of one Million of Guilders drafts as this should not only ruin the Loan but prove very detrimental to the american Credit, we desirous to prevent such a Mis fortune accept the mentioned 525,000. Notwithstanding we can not force to be in Cash but are at the same time in a disagreable Situation for the remainder 475,000, which Can daily bee presented to us and as his Excellency J Adams is in London and an other Expeditious Left to us, than your Excellency consult about the matter we have resolved to send an Express to pray your answer if Mr. Grand his cach left of the remittance of upward two Millions of Livre we made to him since Mr. Morris seems to think his wants must have been Less because his Excellency should not have drawn such Large Sums if he had been conscious wed had been short of such an amount. And as we are not in the possibility to face all those drafts which perhaps may yet be augmented and we should however be sorry to find such a disapointment in the financiers direction to be occasioned we request instantly your Excellency answer that if we accept these Drafts to the amount of a Million and when due and not in Cash (where to is no probability) if your Escellency is pleased to furnish the defficient money to us or permises on his word of honour to accept and pay for account of the united states our drafts at 2 or 3 we shall be obliged to make on you towards the payment of the accepted sums when due and pay

We are too much persuaded of your Excellencys well wishes for your country that we should have the least doubt of your readely complying in the promotion and preservation of its Credit by which being animated we have applyed to your Excellency whose answer which we humbly beg in return with the Express shall fix our resolution of accepting or not accepting the further drafts, the consequences of which not doing how fatal then Can never be imputed to us.