Page:Henry Adams' History of the United States Vol. 2.djvu/290

1804. determined to waste no more money on St. Domingo, but to sacrifice his army there under cover of a war with England, which required all the means then at his disposal. Rochambeau's expenditures were becoming wild; but thus far his drafts on the Treasury were regularly drawn. They had been taken in good faith throughout the West Indies and in every commercial city on the American seaboard; they rested on the national credit of France, and their repudiation destroyed French credit in America, public and private. Before Turreau sailed for his post, the credit of his Government was at an end in the United States. Not only had the drafts drawn in St. Domingo been refused payment, but Pichon's had also suffered the same fate; and neither the new minister nor his consuls could find a man in Baltimore, Philadelphia, or New York to advance money on their official signatures. Turreau complained bitterly to Talleyrand of the penury and mortification to which he was condemned. In one of his despatches he reported that at a tavern in Baltimore one of the French agents, not known to be such, was offered French government paper at fifty per cent discount, and at the same time five per cent premium for drafts on the British government. "In short, we are brought to such a state of affairs that private discredit follows the discredit of the nation, and I experience it for my own individual drafts."