I hope you will excuse me, if I interrupt your attention for a moment to the great objects which Engross your tho’ts by advices of particular things which are objects of genl Concern & much conversation here, & tho’ Important yet may not be the subject of Publick Dispatches.
The state of our Finances & Currency is the most alarming circumstance which Engages the genl. attention at present. I have devoted my time six months past to the study of that subject, & have wrote five Essays under the signature of “A Citizen of Philada.” The Two Last I Inclose, shod. have sent the whole set but I coud. not suppose you coud. have time to read them all. If you shod. find time & think the Essays deserve so much attention shod. be greatly obliged for your Remarks, the Intricacy of the subject, & the maze that Congress & all America are in concerning it, with the most alarming Effects, & the pressing necessity of Immediate action & attempt of Remedy, all prove that the attention of the ablest Genius, is Necessary to the Publick safety— In addition to what you will find in the Essays, I have observd, that every Publick department is Deeply in Debt that the Quota demanded by Congress from the several states are dilatorily paid, & if all paid wd. not be Equal to the Expenditures.— Inclose the Resolutions of Congress of 18 March, Least they Shod. not have Reach’d you.— I subjoin the price Current of our market by which you will be able to Judge the State of our Trade & Currency.— The County is yet full of Supplies & is very Little Exhausted, but our Currency [ms faded: is not?] a sufficient medium to Draw private property into publick use.— Please to make my best Compliments to Mr J Adams, & Shew him my Essay if you think proper.
I am, Sir, with all Esteem & Respect Your Most Obedt. Hum servt.