I was prevented replying to your favour of the 12th. Instant, from the necessity of closing my English letters; Indeed Mr. Williams’ absence from Town, put it out of my power to give you any satisfactory answer. He returned yesterday, and has promised to give me in a day or two, a Statement of what is in his possession of Dr. Ingenhouse’s: He has drawn no part of the Int. out of your office. I have made enquiries at the office, and find from the Value of the facilities by which the Int. is discharged, it has been too trifling an object for remittance: The Value of them is in the £—. From conversation with persons possessed of large property in similar Securities, I find their confidence in them has encreased since the adoption of the Constitution in this State; indeed the increased Value is a proof; they have risen 1s. 6d.—Some persons even expect that the Interest will be more valuable, it remains as yet the same depreciation. I shall receive the Papers from Mr. Williams and shall wait your directions in what manner I am to conduct. The Int. can only be applyed to Taxes.
It gives me much concern that New Hampshire did not adopt, the circumstances of the convention were such, that an adjourment was necessary to prevent a rejection. By this last Post I gave what appeared to me to be the true cause for adjourment—the reasons given in Convention I have inclosed to my brother. Russell’s information may be depended on, and I took the paragraph from his Paper, The Centinel. There was a late moment when the minds of the People were prepared for any change that had the least prospect of amending. This is past in New Hampshire—and the Constitution will be carried with some difficulty as there are many Incendiaries thro’ this country—and most from situation interested in preventing good Government. The List of Yaes and Nays in the Massachusetts Convention will at once shew that character and property are the Supporters of the New Government and the Debates are a sufficient Evidence that Men of Understanding or Information took no part in the opposition. Rhode Island met on M nday last and I understand they are resolved to censure the conduct of her Sister States for deserting the Confederation they have so long indulged in bad measures that I fear your well timed Invitation to return to the Union will have no effect—I think it Justifiable that all the Sea Ports will apply to be taken under the protection of the Faederal government if so it is to be hoped the opposition of the Interior parts will not obstruct the general good. Pray make my kind regards to your good family and believe me with great respects Your’s