By an Associate.
Continuing the narrative that began here.
Meanwhile Howe was not inactive. New-York being securely occupied, Howe was able to land an enormous army just below Philadelphia. Washington attempted to oppose Howe in a straightforward manner, but while he was giving Howe an honest and straightforward battle, and not without some success, Lord Cornwallis marched deviously around to our right flank and surprised us, which Washington regarded as simple cheating. The result, which even to this day I blush to relate, was that we lost Philadelphia. The Congress managed to escape just before Howe’s army marched into the city, and removed to York, where some of the members indulged a simmering resentment against Washington. Our army settled in at Valley Forge, and there we spent a miserable winter, in which, however, some of the qualities of true greatness manifested themselves in the General.
One afternoon Washington was in an unusually cheerful state as he came back to his headquarters after his daily rounds in the camp. Susanna and I, along with Parson Weems, were put up in the house with Washington (a luxury that gave me occasional pangs of guilt when I thought of the soldiers in their icy tents), so we were sitting by the fire when Washington came in with Hamilton in tow and announced that the pay problem was solved.
“That’s very good news indeed,” I said. “How did we get the money?”
“Oh, we haven’t got it yet. But Hamilton has figured out a way to get the money from the Congress.”
“I thought,” said Susanna, “that the last time we asked for money, the Congress replied that, owing to Mr. Hamilton’s program of spending more and taxing less, all they could come up with was two shillings, four pence, and three brass buttons.”
“Yes,’ replied Washington, “but the beauty of Mr. Hamilton’s new plan is that the Congress need not actually have the money to give it to us.”
“You mean they’ll steal it from somebody else?” asked Susanna.
“Of course not. Explain it to them, Hamilton.”
“My thought,” Hamilton explained, “is that we can simply instruct the Congress to have the money we need printed.”
“Printed?” I think Weems, Susanna, and I all repeated the word together.
“Precisely. You see the beauty of it, don’t you? Instead of coins, the soldiers will simply receive small slips of paper with the words ‘One Dollar,’ ‘Five Dollars,’ ‘Ten Dollars,’ or what have you, printed on them, and will use them the same way they would use coins in the same denominations.”
“But why would they think a piece of paper was worth ten dollars?” Weems asked.
“Why do we think a piece of gold is worth ten dollars?” Hamilton returned.
“Well, because,” Weems began, “because it’s—well, because it’s gold.”
“Precisely,” said Hamilton. “We think gold is valuable because we agree to think gold is valuable. Why? We cannot eat gold; we cannot build shelter with it; we cannot burn it to keep ourselves warm. We can only exchange it for the things we really need, because we agree that a very small quantity of gold is worth a very large quantity of food. Its value depends entirely on our agreement: it is not in any way intrinsic. Now, my very simple plan is this: that, in the same way we have agreed to regard gold as valuable, so we shall now agree to regard money on paper as valuable. Once again, our simple agreement will suffice to create the value.”
“Isn’t it a remarkable thought?” asked Washington.
“Remarkable,” Susanna agreed, although her tone suggested that there was room for more than one kind of remark on the subject.
“I’m sending Hamilton to York to speak to the Congress about it,” said Washington. “Just imagine—in our new North American empire, no one need ever be poor again. We can provide all the money every citizen of these United States will ever need for any purpose whatsoever.—Come along, Hamilton: I’ll write a letter for you to take with you detailing the successes of our current campaign; for I trust, sir, that you understand the value of a good dispatch.”
With those words, Washington led Hamilton into the back room he used as his office.
“One of them is an imbecile and the other one is mad,” Parson Weems remarked.
“It seems to me,” said Susanna, “that there is no reason why they could not both be imbeciles.”
I must own that I had not expected much result from Hamilton’s expedition, but a few weeks later he was back with stacks of freshly printed money, which was distributed forthwith to the puzzled soldiers. I say “puzzled,” though in many cases “mutinous” might have been a more nearly accurate description.
Hamilton, however, was full of optimism; and Susanna and I went with him to demonstrate the utility of his new form of money by using it to buy some sorely needed potatoes from a nearby farm.
“Dollar a bushel,” the farmer replied when asked the price of his potatoes. I might have spent some time negotiating with the man, but Hamilton was eager to present his new creation, and therefore simply asked for ten bushels, and handed the man a ten-dollar note.
“What’s this?” the farmer asked.
“It’s ten dollars,” replied Hamilton.
“No it isn’t,” said the farmer. “It’s a piece of paper that says ‘Ten Dollars’ on it.”
“But it is in fact ten dollars,” Hamilton told him. “You see here where it says, ‘By act of Congress, this note is legal tender for all debts, public and private.’ ”
“I don’t need a tender,” the farmer insisted. “I need ten dollars.”
“Precisely,” said Hamilton, undaunted. “I’m giving you this piece of paper with ‘Ten Dollars’ printed on it. And because we agree that it is worth ten dollars, it is in fact worth ten dollars.”
“Tell you what,” said the farmer. “You give me that piece of paper with ‘Ten Dollars’ written on it, and I’ll give you a piece of paper with ‘Ten Bushels of Potatoes’ written on it.”
“But a piece of paper won’t feed the men,” Hamilton objected.
“It will if they agree that it is in fact ten bushels of potatoes,” the farmer replied. “Won’t it?”
In the end we did not succeed in procuring our ten bushels of potatoes, and for the most part the men were similarly unsuccessful in exchanging their paper money for useful goods. Hamilton himself refused to be entirely discouraged, but the men were cold and hungry. To make matters worse, not only could we not persuade the Congress to do anything for us, but in fact we could not even find the Congress. Fearing a surprise attack, the men of the Congress had turned peripatetic. From York they moved to Lancaster, and then to Annapolis, and then to Baltimore, to Winchester, to Cumberland, to Pittsburgh, and briefly (owing to the gentlemen’s refusal to stop and ask directions) to Mexico City. We were left to our own devices, and it seemed as though we should eventually lose our army altogether without some means of procuring money in the form of coins rather than paper.
“Of course there is much to be hoped for from the French,” said Washington when we were discussing the situation one bitter morning in late winter. “I have every confidence in our diplomats. Dr. Franklin reports that the French women are particularly susceptible. I have no doubt that he has spent every evening explaining to the court ladies that it is to France’s advantage to have a strong American empire that is well disposed toward France and capable of defending their remaining North American interests.
“You mean St.-Pierre and Miquelon?” asked Parson Weems.
“Exactly. Surely the French will see the wisdom of balancing British power in the north with a great independent empire to the south.”
“The French may or may not come to our aid,” said Susanna, “but for the present we need money. We need to be candid and admit to ourselves that the paper-money project has been a failure.”
“The fault is not on our side,” Hamilton insisted. “We have maintained from the beginning that the money is in fact worth exactly the value printed on it. It is the ill-bred and uneducated bumpkins who inhabit these parts who are to blame: they refuse to see the logic of the notion, and to be absolutely frank I suspect them of Tory sympathies.”
“At the moment we must be practical,” I said. “For reasons we may or may not know, our suppliers refuse to accept our paper money, whereas we know they would accept money in specie. It is vital to our cause that we obtain money they will accept. Can anyone think of any possibilities?”
“I think we’ve run out of possibilities,” Weems remarked grimly.
“Gentlemen,” said Washington, “we certainly cannot allow ourselves to lose hope: for, as the old proverb has it,—” (he brought out the tattered copybook, and we waited patiently for him to find his page)—“ ‘Do not chew your nails in the sight of others.’ The wisdom of our fathers, gentlemen, when understood metaphorically, is an ever-present help in managing our affairs. For my own part, I am convinced that our current difficulties all spring from the evil machinations of Irving, and I refuse to give him the satisfaction of letting him see me despair.”
“Irving?” asked Hamilton.
“The wicked invisible mule who bedevils him throughout his life,” Weems explained.
Hamilton looked helpless: his question had been answered, but not in a way that satisfied him intellectually.
“I cannot believe,” said Susanna, “that there are no possibilities left to us.”
“In fact I can think of one possibility,” Washington said.
“What’s that?” asked Weems. “And don’t tell me it involves any more invisible livestock.”
“When I was a boy, I used to spend hours at Ferry Farm throwing Spanish milled dollars across the Rappahannock. It became, as you know, a lifelong habit, but I have never since had so much leisure to indulge in the sport. There were times when I went to the riverbank day after day to spend all afternoon throwing dollars. That was how I developed the accuracy for which, I may say without boasting, I am still noted.”
“And how will that help us right now?” I asked.
“Well, I never brought any of them back.”
We looked at him in stunned silence.
“There were always more, you see. We seem to have had a good many Spanish milled dollars. It was never necessary to retrieve them, because there were always more to throw.”
“Do you mean you think that, in all these years, no one has picked up the dollars you threw across the Rappahannock?” Susanna asked, trying not to sound too incredulous.
“The other side of the river is Washington land, too. Why would anyone be looking for dollars there?”
“So you mean,” I said, “that if we went down there right now, we’d find some of the money you threw?”
“It’s worth trying,” said Washington. “Gist, why don’t you head down there now? See what you can find, and then we’ll have something to pay the soldiers.”
It sounded very dubious to me. “Well, I’m, uh, not sure—”
“Take Phillips with you. You may need more than one man to carry the money back.”
“I’m, uh, not—”
“We’ll go right away, General,” Susanna declared.
Why was Susanna suddenly interested in this unlikely prospect? I had learned not to discount any idea of hers, but it did not seem reasonable to expect that Washington’s idly flung dollars should still be waiting for him after so many years.
“I think we should take Mr. Hamilton with us as well,” Susanna added. And now I was certain she had some notion in her mind, but what it was I could not guess. When Washington seemed to hesitate, she added, “He’s very good at finding money.”
“That is true. Very well then,” Washington agreed. “Take Hamilton with you, find the dollars, and you should have enough to pay the soldiers, with a little left over for Madeira. Best set off at once: for, as they say” (and here he produced his copybook, and we waited for him to find the appropriate citation): “ ‘If others talk at dinner, be attentive, but do not speak with your mouth full.’ ”
We had to go by land, as the British made the sea route unreliable. Susanna has always been an excellent rider. I at least can stay on the horse, and Hamilton was not entirely hopeless; our progress, therefore was fairly rapid.
At our first stop, Hamilton took the opportunity to ask the obvious questions about Susanna.
“She is my wife,” I explained in a tone that I hoped would answer all unexpressed questions.
But Hamilton persisted.
“Why, then, is she also a man called Phillips?”
Susanna replied, “We find it best not to contradict the general too often. It confuses him.”
“Is that why we’ve come looking for lost treasure?” Hamilton asked. “Are we making a useless journey of several days and unknown dangers because no one wants to contradict General Washington?”
“No,” Susanna replied, and I listened attentively myself to hear her explanation. “Your mission to the Congress showed that you have an aptitude for parting rich fools from their money. Virginia is stuffed with rich fools, and such a man as you ought to be able to extract enough from them for our purposes.”
“But what shall I tell them?”
“Just draw another picture of the Liberty Bell,” Susanna replied, “and tell them the same nonsense you told us.”
Hamilton was not convinced that the same nonsense would apply, and was worried that he might have to come up with different nonsense in order to persuade the Virginia planters to come up with the back pay of an entire army. Nevertheless, in broad outline, Susanna’s plan seemed a reasonable one.
We agreed, however, that it would be necessary at least to pay a quick visit to Ferry Farm, so as to be able to assure the General (for he himself was so naturally honest that we should have been ashamed to lie to him) that we had done our best to retrieve his long-lost dollars. Accordingly we found the old plantation, which had, by various curiosities of wills and inheritance laws, passed into the hands of Washington’s elderly Uncle Cedric, who answered the door and received our awkward greetings.
“Little Georgie,” he said when we had told him of our errand. “How many years have passed since I saw him! Is he out of short pants yet?”
“I can assure you that his pants are quite long,” I replied. “In fact he is general of the continental army.”
“Always loved to play soldiers, our little Georgie, especially when his father took away his hatchet. He needs money, you say? I might be able to find a few shillings in my coat pocket.”
“We thought we might borrow your boat, if you would be so kind,” Susanna said. “General Washington suggested there might be a few coins across the river.”
“Might be. Or pine cones. If you can use pine cones, I’m sure it’s the place to look.”
Susanna thanked him and headed toward the shore; I was beginning to follow her when Uncle Cedric took my arm and said in a confidential undertone, “That young man” (pointing to Susanna)—“does it strike you that there’s something odd about him?”
“Well,…” I began hesitantly.
“I think he looks pale,” said Uncle Cedric. “I hope he’s not ill.”
I assured him that I would look after the pale young man, and then Hamilton and I joined her at the boat. Before I could say anything, Susanna took the oars, which I suppose was her prerogative as the only military man among us, and with energetic strokes she took us across the Rappahannock in good time.
The other side of the river was a forest of tall pines, and our footsteps seemed preternaturally silent in the thick carpet of needles that made the ground a rich uniform sable color.
“Nothing but pine needles and a few cones,” Hamilton remarked, and his voice was jarringly loud in the silence of the winter forest.
I looked around, idly scraping my foot through the needles. “I’m afraid you’re right, But at least we can tell the General—”
“Look!” cried Susanna, pointing toward my feet.
I looked down. Where I had scraped the ground, something metallic was glinting through the needles. Quickly I stooped and started brushing away the needles with my hands. Under them was a layer on the ground made up entirely of Spanish milled dollars.
Susanna knelt down where she stood and swept away the needles, and there, too, she found a carpet of dollars.
I stood and took half a dozen strides and stooped again. And Susanna did the same, and Hamilton joined us; and for quite some time wherever we brushed away the needles, we found a uniform layer of dollars below. It took us at least half an hour to delineate the limits of the field of dollars, and most of it was done by Susanna and me, for a strange lassitude had overcome Hamilton. He lay on his back, his fingers slowly gripping and releasing the coins beneath him.
“Are you feeling ill, Mr. Hamilton?” Susanna finally asked him.
“I want to live here,” replied Hamilton. “No—I want to die here. Nothing will ever equal this. My life has reached its peak, and no experience will ever bring joy to me again. I have lived as much as I care to live, and it would be fitting now that I should be taken directly to the heavenly Jerusalem, which is the only greater joy I can ever hope to experience.”
“Mr. Hamilton,” said Susanna, “you are still a young man, and life has many joys waiting for you. You will find love, and—”
“I have found love, Captain, uh, Phillips! I am passionately in love with money, money in all its forms, beautiful gold, ravishing silver, charming copper, neatly printed slips of paper;—I desire money as other men desire their mistresses! And here is a forest made of money! If you were suddenly placed among the seventy-two willing virgins of the Mohammedan heaven, would you have any desire to leave that spot? Well, not you personally, captain—forgive me—the uniform, you see, makes me forget the lady—but I have found my seventy-two virgins! I have found the earthly paradise, and now it must be broken up and taken away. I must be cast out of Eden, and cherubim with a flaming sword must keep me from the tree of life. What reason have I to live any longer?”
“We are founding a new government,” said Susanna, “with all the problems of government to be solved—including the question of money.”
“Yes,” I added, “you will be present at the birth of a new pecuniary system. Is that not something to live for?”
He sat up with a start. “A new kind of money?”
“Yes, Mr. Hamilton,” said Susanna. “The coin of the United States of America.”
“Why, yes! That is true,” said Hamilton. “It will be only fitting that I should be present at the birth of an entirely new species of specie. How many true lovers of money are afforded that opportunity?”
“But first,” Susanna continued, “we must win the war, and to do that we must pay the army.”
This argument was enough to bring Hamilton out of his lethargy; and, with a last wistful look at the forest of dollars, he began helping us gather the coins into large piles. Then he and Susanna went back to find a large number of sacks, while I sat in the silent forest to guard the piles of coins from no one except a ragged-looking fish crow, which took enough of an interest in the shiny dollars to make it worth my while to chase the bird away.
It took many trips with the boat to bring the hoard across the river, and then we had to arrange for what amounted to a caravan to transport it all back to Pennsylvania; but of course we had all the funds we could possibly need to pay for the wagons, drivers, and escorts. We finally reached Valley Forge in the spring—only to find an enormous army marching in just as we arrived.
At first all of us presumed the worst; but then we spotted the fleur-de-lis flag and realized that the French had arrived at last, and in numbers we had not dared hope for.
Just as we reached Washington with the good news that we had found his trove of dollars, the French commander made his appearance.
“La Fayette, I am here, yes?” he announced. “Which one is the général Washington?”
To be continued in Chapter IX. Or you can order the whole book now and spare yourself the wait.


