I received at Havre de Grace 6 copies of your print, which I have brought with me hither. I shall frame and keep one of them in my best room. I shall send one to Mr. Jay, and give the others among some friends who esteem and respect you as we do.
Your newspapers are filled with accounts of distresses and miseries that these states are plunged into since their separation from Britain. You may believe me when I tell you that there is no truth in those accounts. I find all property in lands and houses augmented vastly in value; that of houses and towns at least four-fold. The crops have been plentiful, and yet the produce sells high, to the great profit of the farmer. At the same time all imported goods sell at low rates, some cheaper than the first cost. Working people have plenty of employ and high pay for their labour. These appear to me as certain signs of public prosperity. Some traders indeed complain that trade is dead; but this pretended evil is not an effect of inability in the people to buy, pay for, and consume the usual articles of commerce, as far as they have occasion for them, it is owing merely to there being too many traders who have crowded hither from all parts of Europe with more goods than the natural demand of the country requires. And what in Europe is called the debt of America is chiefly the debt of these adventurers and supercargoes to their principals, with which the settled inhabitants of America, who never paid better, for what they want and buy, have nothing to do. As to the contentment of the inhabitants with the change of government, methinks a stronger proof cannot be desired, than what they have given in my reception. You know the part I had in that change, and you see in the papers the addresses from all ranks with which your friend was welcomed home, and the sentiments they contain confirmed yesterday in the choice of him for President by the council and new assembly, which was unanimous, a single voice in seventy seven excepted.
I remember you used to wish for newspapers from America. Herewith I send a few, and you shall be regularly supplied, if you can put me in a way of sending them, so as that you may not be obliged to pay postage.
With unchangeable esteem and respect I am, my dear friend, yours most affectionately,