Papers of John Adams, volume 21

John Adams to Thomas Brand Hollis, 19 February 1792 Adams, John Hollis, Thomas Brand
To Thomas Brand Hollis
Dear Sir— Philadelphia February 19th 1792

I ought not to neglect an opportunity by Colo: Smith to assure you by a few lines, of the continuance of my regard.1 I received last Spring a Box of Books from you, for which I fear I have never before expressed my gratitude. The best apology, I have to make for this seeming negligence is continual ill health, in my own person & all my family. Your friend, my dear Mrs: Adams, is now dangerously ill, and has never enjoyed her health for 18. Months past.2 The Climates of New York, and Philada: have been very fatal to her and me; the fever & ague at our age, is a formidable foe. My Office is too great a restraint upon such a Son of Liberty as I am. Such sedantary confinement, for so many hours every day for six or seven months together, is too much for a man habituated for a long course of years, to long Voyages and immense journeys. And such long continued attention to debates and business, is not very charming to a man, accustomed to the conversation and amusements of Paris, of London and the Hague, among the Diplomatick Corps. There is nothing passing in this Country worth your knowing This Nation is too happy to shine or make a noise. Europe is the scene of splendid events and interesting incidents, at present. Pray, how go the rights of man? The wrongs of Nobles, Priests and Kings? Pray how do you like the Author of the Rights of Man? Do you find him a holy man, fit for an Apostle of Republicanism? The spirit, and a System of National Liberty to all Nations, Is a favorite Toast with me; but I deprecate the rashness of desperate adventurers, and detest the Artifices of unprincipled impostures. I have already seen so many evils arising from such sources, that I am a burn’d Child. Pray Remember me with your usual Kindness, write me as often as you can, and believe me ever, / Your friend

John Adams

LbC in TBA’s hand (Adams Papers); internal address: “Thomas B Hollis Esqr:”; APM Reel 115.

1.

AA2, WSS, and their children sailed on 29 March via the Bristol, Capt. Pierre de Pyster, reaching England in early May. They stayed until Feb. 1793, while WSS pursued speculative ventures ( AFC , 9:260, 509, 510).

2.

Throughout the winter of 1792, AA 103 suffered from a recurring fever and rheumatism, which prevented social activity. By 10 March, a distressed JA was “much encouraged” to see signs of improvement ( AFC , 9:265, 267–268, 509).

John Adams to Joseph Priestley, 19 February 1792 Adams, John Priestley, Joseph
To Joseph Priestley
Dear Sir— Philadelphia Feb. 19th: 1792,

I take an opportunity by part of my family bound to London, to remind you of a person who is taken once had an opportunity of knowing you personally, and to express my sympathy with you under your sufferings in the cause of Liberty. Inquisitions and Despotisms are not alone in persecuting Philosophers. The people themselves we see, are capable of persecuting a Priestly, as an other people formerly persecuted a Socrates. By a compliment which I held very precious in your familiar letters to the Inhabitants of Birmingham,1 I am emboldened to hope that you will not be displeased to receive an other Coppy of my Defence, especially as that which was presented you formerly has probably had the honor to share the fate of your Library. As there is not a sett to be sold in London, at least, I am told so, I have desired Colo: Smith to take one from New-York, and present it to you with my sincere veneration.

This Country is as happy I believe as it ever was, or will be. Ambition and avarice however, exist here as well as in England, and produce contests and dissentions, their usual fruit. The office of President, with its twenty five thousand Dollars, will glitter in the eyes of Americans, very nearly as much as that of King in England with his Millions. I am Sir with sincere sentiments / of esteem, and Respect, your most obedient

John Adams.

LbC in TBA’s hand (Adams Papers); internal address: “The Revd: Dr Priestley / London.”; APM Reel 115.

1.

JA referred to Priestley’s defense of Unitarianism, as expressed in his Familiar Letters, Addressed to the Inhabitants of Birmingham: In Refutation of Several Charges, Advanced against the Dissenters and Unitarians, London, 1790.

Henry Marchant to John Adams, 20 February 1792 Marchant, Henry Adams, John
From Henry Marchant
Respected Friend Newport Feb: 20th. 1792

It is a long Time to me since I did myself the Honor and Pleasure of writing You.1 So unproductive a Correspondant as I had been, I was fearful would be thought to have taken up more than his Proportion of your important Moments. As some Excuse however I felt, 104 I was confident, a Glow of sincere Friendship towards You, equal to any of the more agreable or beneficial.— I have been touched, and provoked at the foul Vermin who, proud to feed upon high Food, dared to collect their noiseous Swarm around You.— They died in their Gluttony, and fell off in obscure Death, without a Blow or a wipe. Thus perish base Ingratitude!— Was it possible this miscreant low Attempt through Highwaymen indeed, could come from the high Source, You refer to in Your Letter of March 2d. 1791. “And the other Rivelizers which if not already in Action, will soon appear between, Ministers of State and between the Legislative, Executive and Judicial Powers. “— I could not have thought it possible; If we consider the Men, who share the most important Honors and Preferments of Their Country; and the different Parts from whence they are called,—the very large Proportion in the middle and more southern States,—That You would ever have had a forward-looking Competitor.— But Mr. A——s does not walk the Streets enough says one—and I say He does not study to catch the Eyes of the Multitude,—He does not watch the Windows from the first Floor to the Garrets, to catch an Object to whom He may profoundly bow.— And if instead of this, He is in His Closet studying the wisest Systems of Government and the most equal and beneficial Laws, by which the People may be wiser and happier,—Or if He is forming Treaties, whereby Millions of His Countrymen may hereafter obtain a plentiful Support—Still these are Things which the Multitude do not see, but which Rivals for Honor or Interest will smother, choosing rather to grow by smothering the Worth of others, than labor to raise a real Fame for Themselves— How is all this! Can virtuous Americans thus act?— I say no.— The plausible mean Sycophant can.— the Virtuous,—and Virtuous I trust there will be; must support the Brave and Good—

But my dear Sir, does not the present speculating Rage auger ill?— When we see Men leaving their common and ordinary Callings, by which they have, from certain Gains supported their Familys and brought up their Offspring in Diligence, and to Honor,—suddenly leaving those Employments and runing to the Hazard-Table, do we not presume certain Ruin as the Consequence?— While I have admired the ready and fertile Genius of Our Minister of Finance, I have been almost in Fear He must at Length run aground. Such are the continued rising unexpected Claims, encouraged by too successful Attempts upon the Publick—And many I am confident are just waking into Life;—called by the Resurrection of others which had been presumed to have sleept post Redemption.—

105

I have ever admired the Idea of an honorable Discharge of Our just Debts.— But I confess I have staggered, when I have seen the forlorn Creditor, between Fear, Hope and Distress, striped of His Demand by a Herd of Speculators, better informed in a Knowledge of the Game.—2 Paying these Demands into the Hands of Speculators and thereby straining the Means to the endangering of the Peace of the State, I conceive to be alarming— We strained dry Taxation upon the Freeholders, till the Screws snaped, and all was gone.— Trade we find Productive, but if the Merchant, and the Consumer bear up under the Duties laid with uncommon Spirit and Magnanimity, which they contemplate the Discharge of honest Debts, when they begin to distrust the Justice of Claims and see them accumulating beyond all Conception;—Patriotism will cool.— there is an End to all Means.— In short the Banks on Banks, the unbounded Credit given them, as most of them issue without Limitation of Sums, and as I conceive without adequate Security to the Publick, I fear will soon with the other publick Paper produce more paper Money in Proportion than was ever issued in the State of Rhode-Island:— And as I fear the present Spirit of Speculation will as much debauch the Minds of the People;—I see not why the Consequence should not be proportionately fatal to the United States— But while I profess my Alarm arises from an honest Heart; I know I have not a Genius to soar, and I must leave the Event. I know those whose Business it is know best.— I will endeavour to have as much Faith as possible, allways determined, If I can’t help an Administration I think well of, I never will hurt or distress them— the busy Clamour about the Indian War, and the many dirty Publications without Knowledge of Facts, must be distressing to those who have exerted themselves to obtain Peace, and have been unsuccessful in that, as well as the War they have pursued to the same End— Yet I presume, were it not for the Uneasiness of the People at the astonishing Fortunes they see Land jobbers making out of those Lands, Their Blood and Treasure are exhausted to procure, there would not be quite so much Uneasiness— When the People hear the Lands of the Publick are sold for Nine pence, and soon resold at five shillings they are thunderstruck.— They are told so.— They beleive it.— I do not know it— But it is the Thousands, the Millions, that honest People have been speculated out of, and which are called after all, honest Debts,—And which now, they are still to help to pay, that sours the Mind

From the Circumstance of a British Minister being sent over, I have been, and still am, under Apprehensions that the British do 106 expect soon to yield up the Frontier Posts:— Or why send a Minister;—They had declined doing any thing with Ours— they must know nothing can be done in the commercial Way, till that is done.—

But I will not exhaust your Patience. I shall be happy if I procure a few Lines in some leisure Moment to feed upon— In the mean time with Respects to Mrs. Adams and the Family, I remain in plainess and honesty, / Your Friend

Hy: Marchant

RC (Adams Papers); internal address: “His Excellency John Adams”; endorsed: “H. Marchant / ansd 3. March. 1792.”

1.

Marchant last wrote to JA on 19 Feb. 1791 (vol. 20:477–478).

2.

A flurry of speculation at the end of 1791, coupled with ballooning sales of U.S. public debt in the New York securities market in Jan. 1792, led to the Panic of 1792. Three new banks opened in one week in New York alone. This spurred a frenzy of activity among already overextended creditors, led by prominent merchant William Duer. Ultimately, many plunged into financial collapse, or, as in Duer’s case, faced imprisonment for debt. The Adamses weathered the financial storm, but as CA observed, the threat of violence gripped the city in its aftermath. Writing to AA on 22 April, CA reported that Duer’s failure “created a universal bankruptcy There is not now a rich man in this City They were all engaged and they have all fallen The confidence between man and man is destroyed and every thing puts on the look of languor. We have for this week past been in great danger of a mob” (Hamilton, Papers , 26:653; AFC , 9:280–281).