November 11, 1779-Dated Revolutionary War Period, regarding the scarcity of money and the rapid depreciation of the Paper Money, Letter from the Beatty Archive sent from West-Point, 12” x 7.75,” Fine.This Letter is 3 1/2 pages, measuring 12” x 7.75” being from a larger 16 letter archive (not present) written by W. Beatty, who was an articulate Revolutionary War Patriot Captain. This Letter was sent to his father, William Beatty / Frederick County / Maryland. Handwritten in rich brown ink on laid period paper with a somewhat soiled Integral transmittal cover written on the back of the final page. There are a couple of small early paper paper patches made to where this letter’s original wax seal was opened. It reads, in part:
“... You say that Money is much scarcer than it has been for some time past. I hope it will continue diminishing every day till it gets its full Value, as I am very certain it will be attended with very bad Consequences should it not have some speedy alterations for [missing word]. Should the Publick loans meet with success (as I suppose they do by your letter) that with the taxes laid will, I make not the least doubt, answer every purpose wish’d for, should the sums amount to a sufficiency to carry on the war. But so long as Money continues to be struck I am of Opinion it will never appreciate but rather depreciate. --
I hope that every Friend to America sees that all her danger lays intirely in her Money at this time, for so long as it continues as it were, Ready to become useless so long may we expect the Enemy will have hopes. But, on the Contrary, should they have no such hopes I am fully satisfied they would dispair of all manner of success. All that, in my Opinion, remains to be done is unanimously to put all moneys that can be spar’d in the loan offices.”
Also, Beatty writes of the impending arrival of “Count D’Estang” from France and the impact of his landing site on the future of their own encampment.