Thomas Paine
Funding the Revolution

Paine accompanied Col. John Laurens to France and is credited with initiating the mission. It landed in France in March 1781 and returned to America in August with 2.5 million livres in silver, as part of a "present" of 6 million and a loan of 10 million. The meetings with the French king were most likely conducted in the company and under the influence of Benjamin Franklin. Upon returning to the United States with this highly welcomed cargo, Paine and probably Col. Laurens, "positively objected" that General Washington should propose that Congress remunerate him for his services, for fear of setting "a bad precedent and an improper mode". Paine made influential acquaintances in Paris and helped organize the Bank of North America to raise money to supply the army. In 1785, he was given $3,000 by the U.S. Congress in recognition of his service to the nation.

Henry Laurens (father of Col. John Laurens) had been the ambassador to the Netherlands, but he was captured by the British on his return trip there. When he was later exchanged for the prisoner Lord Cornwallis in late 1781, Paine proceeded to the Netherlands to continue the loan negotiations. There remains some question as to the relationship of Henry Laurens and Paine to Robert Morris as the Superintendent of Finance and his business associate, Thomas Willing, who became the first president of the Bank of North America in January 1782. They had accused Morris of profiteering in 1779 and Willing had voted against the Declaration of Independence. Although Morris did much to restore his reputation in 1780 and 1781, the credit for obtaining these critical loans to "organize" the Bank of North America for approval by Congress in December 1781 should go to Henry or John Laurens and Paine more than to Morris.

Paine bought his only house in 1783 on the corner of Farnsworth Avenue and Church Streets in Bordentown City, New Jersey and he lived in it periodically until his death in 1809. This is the only place in the world where Paine purchased real estate. In 1785, Paine was elected a member of the American Philosophical Society.

In 1787, a bridge of Paine's design was built across the Schuylkill River at Philadelphia. At this time his work on single-arch iron bridges led him back to Paris, France. Because Paine had few friends when arriving in France aside from Lafayette and Jefferson, he continued to correspond heavily with Benjamin Franklin, a long time friend and mentor. Franklin provided letters of introduction for Paine to use to gain associates and contacts in France.

Later that year, Paine returned to London from Paris. He then released a pamphlet on August 20 called Prospects on the Rubicon: or, an investigation into the Causes and Consequences of the Politics to be Agitated at the Meeting of Parliament. Tensions between England and France were increasing, and this pamphlet urged the British Ministry to reconsider the consequences of war with France. Paine sought to turn the public opinion against the war to create better relations between the countries, avoid the taxes of war upon the citizens, and not engage in a war he believed would ruin both nations.
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