Etats-Unis, 1778-1787 959 
1781. Valnais, memoir on commerce and productions 
of New England, particularly New Hampshire, Massachusetts, 
and Rhode Island; population; quality, quantity, prices 
of ship-stores; articles of commerce with Europe and 
Antilles; prices before war and in 1781 (ff. 38-56). 
1782, Aug; 1783, June 2, Dec. 25. Marbois, lengthy 
memoir on commerce of France with U.S., in three chapters 
and introduction; special attention to trade with French 
islands (ff. 58-197, 210-238, 241-253). [For revised 
and completed form of this memoir see volume 8, ff. 4-215, 
this series. See also volume 14, ff. 27-70, 184-198, 419- 
430; volume 17, ff. 13-149.] 
[1782], [n.s.]. Observations on proposed loan for 
U.S., and on security offered by U.S.; greater security 
than would be forthcoming for loan to England (ff . 198- 
208) . 
1784, Apr. 4. Castries to Marbois, extract from 
letter praising chapter three of his memoir on commerce 
of France with U.S. (f. 254). 
After 1787, [n.s.]. Extract from memoir on U.S. 
commerce with French Antilles; arguments for and against 
a change in exclusive colonial system of France; comparison 
with English colonial policy; possible modifications; 
advantage which France would obtain from possession of New 
Orleans (ff. 255-293). 
[See MVC, Aug., 1782; June 2, 1783; 1787.] 
5 (1778-1781) 
Favier to Vergennes 
1778, Mar. 18. Excusing himself for not having yet 
prepared a memoir on question Vergennes had submitted: 
"has the king the right to recognize the independence of, 
or ally himself with the United States of America?" 
(ff . 6-12) . 
Apr. 17. Transmitting a document (f . 14) ; 
enclosing: translation of letter of Earl of Albany to 
Lord Bute; defense of right of France to make a treaty 
with U.S.; under this guise Favier prepared his memoir 
concerning question submitted by Vergennes (ff . 15-28) . 
Vergennes to Favier 
1778, Apr. 22. Acknowledging with thanks receipt of 
previous memoir (f . 30) . 
Memoirs by Favier 
1780, Nov. 1. Considerations on origin, conduct, and 
result of existing war; divided into seven chapters with 
subdivisions; recapitulation at end; at outbreak of rebel- 
lion in America France found herself in most advantageous 
position for attack, with Britain unable to defend herself 
properly; of various policies which France might have 
adopted she chose that one which promised least advantage 
at greatest expenditure; having chosen this policy, she did 
