ive to the present intentions the
foulest interpretation.

I have been led much further, Sir, than the occasion strictly
required, but perhaps my observations may demand your attention; they
certainly appeared to me of importance, or I would not have given you
the trouble of so long a letter.

I pray you to believe me, with respect, &c.

ROBERT MORRIS.

* * * * *

TO M. DE LA LUZERNE.

Philadelphia, August 4th, 1781.

Sir,

I was honored with your letter of the 3d yesterday evening; I am happy
that the sentiments expressed in mine of the 2d, meet with your
Excellency's approbation, and shall readily confide in your direction,
to make such use of it as you think proper.

The two questions you ask do not admit of a precise answer. The rate
of exchange ought by no means to be under four fifths; indeed I could
wish that it were higher, and am not without hopes of raising it; but
that must depend on circumstances, which I cannot command. The sum,
which can be furnished to the French army monthly by the sale of
bills, admits still less than the other of being precisely
ascertained. Let me add, Sir, that the sum, which your army may want,
must greatly depend upon the measures, which may be taken to supply
them. Government ought to know its expenses precisely, if that were
possible. Upon this principle, it will be of use, that your
stipulations should be to pay a certain sum in France for every
ration; consequently you will want no money here for that purpose.

I wish it were in my power to reply more pointedly, for I am well
convinced of the importance of information on that subject. Whenever I
am in a condition to know more, I shall readily communicate to you the
extent of my inquiries. But while it is my determination to speak to
you with that confidence, which your ingenuous conduct has merited, I
am equally determined neither to compromise myself nor mislead you, by
relying on unfounded conjecture.

I have the honor to be, &c.

ROBERT MORRIS.

* * * * *

TO THE GOVERNOR OF MASSACHUSETTS.

Office of Finance, August 4th, 1781.

Sir,

On the 23d of June last, the United States in Congress assembled,
directed me to t