Horneca, Fizeaux & Cie. to the American
Commissioners
Copies: National Archives, Massachusetts Historical Society
<Amsterdam, September 17, 1778, in French: Your letter of
August 31 came only two days ago. Ours of the 7th acknowledged
receipt of the book of notes and coupons signed by you.
We will work on the arrangements with all possible zeal and
prudence, and with all the skill we have acquired from fifty
years of experience; your instructions will be scrupulously observed.
Because this loan is the first of its kind, we shall not
know until we consult our brokers whether some authentication
or other formality is needed. But we will approach them
without loss of time, and try to get priority over the offerings
of other powers, which are bringing money into short supply.
The allowance you make should procure us this advantage.
We will cover all expenses, including payment of interest, and
take ten percent out of capital; for each thousand florins
floated we remit you nine hundred. We hope that this arrangement
will meet with your approval.>
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