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With respect to the expediency of the arrangement you pro- pose to make with Mr. Parker, I must observe to you, that it would be altogether out of my province to give an official opinion, for your direction. ‘These transactions appertain altogether to the commis- sioners of the treasury, to whom you have very properly written on the occasion. I shall always be willing, however, to apprise you of any facts I may be acquainted with, and which might ena- ble you to proceed with more certainty ; and even to give my private opinion, where I am acquainted with the subject, leaving you the most perfect liberty to give it what weight you may think proper. In the present case, I cannot give even a private opinion, because I am not told what are precisely the securities offered by Mr. Parker. So various are the securities of the United States, that unless they are precisely described by their dates, considera- tion, and other material circumstances, no man on earth can say what they are worth. One fact, however, is certain, that all debts of any considerable amount contracted by the United States, while their paper money existed, are subject to a deduction, and not payable at any fixed period. I think I may venture to say, also, that there are no debts of the United States, ‘on the same footing with the money loaned by Holland,’ except those due to the Kings of France and Spain. However, [ hope you will soon receive the answer of the commissioners, which alone can decide authori- tatively what is to be done.

Congress have thought proper to entrust to Mr. Adams and my- self a certam business, which may eventually call for great ad- vances of money: perhaps, four hundred thousand livres or up- wards. ‘They have authorised us to draw for this on their funds in Holland. ‘The separate situation of Mr. Adams and myself, rendering joint drafts inconvenient, we have agreed that they shall be made by him alone. You will be pleased, therefore, to give the same credit to these bills, drawn by him, as if they were also subscribed by me.

I have the honor to be, with high respect, Gentlemen,

your most obedient and most humble servant, TH: JEFFERSON.