Correspondence to Benjamin Franklin from Robert Morris, S.J. of Finances, 1781 July 13-21.

Name:

Franklin, Benjamin, 1706-1790

Date:

1781-07-13/1781-07-21

Description:

Philadelphia. Deplorable state of the country's finances due to the use of paper money. Money needed to start a bank and a Mint. Mr. John Jay instructed to negotiate a large loan at Madrid. Unfair to ask France for more money. Desiring Dr. Franklin to confer with leading bankers in Paris as to organizing a Natinal Bank in America. Advising that the money loaned by France should remain in that country. Attempts made by Congress to raise the value of paper money. L.S. 13p. In duplicate.

Provenance:

Bequeathed by Benjamin Franklin to his grandson William Temple Franklin. Bequeathed by William Temple Franklin to George Fox who in turn passed on possession to his children, Charles and Mary. Found at the Fox family estate at Champlost in a stable loft by Mrs. Holbrook around 1862 and given to her by Eliza Fox subsequently. Sold by her son George O. Holbrook to a committee of friends of the University of Pennsylvania Library in 1903 and gifted by them to the University the same year.

Resource Type:

Text

Form/Genre:

Letters

Geographic Subject:

United States -- Pennsylvania -- Philadelphia

Rights:

https://rightsstatements.org/page/NoC-US/1.0/

Physical Location:

Ms. Coll. 900, Volume V Page 32

Collection:

Benjamin Franklin Papers (University of Pennsylvania)