I spent last evening with Governor Reed. I took occasion to hint that General Sullivan was to command the western expedition. lie took the alarm at o… - Nathanael Greene

Mr. Holker made many inquiries yesterday, respecting the temper and disposition of our army. He seemed desirous to know, whether peace, upon a plan of independence agreeable to the state of the alliance, would be satisfactory ; the fishery to be con fined to the limits of the States. This would well nigh ruin the Eastern States. Upon the whole, I think there have been some overtures made upon the subject of peace. It is said Russia on the part of England, and Spain on the part of France, are to stand mediators. This is merely conjectural. Mr. Jay says the Congress have no official propositions of peace; but I believe it is beyond a doubt there have been debates upon the subject for several days past, particularly with regard to the fishery.

Five sail of British ships have got into Newport within two days past. We have heard nor seen no thing of the fleet of transports your Excellency mentioned, in your letter to General Sullivan of the 23d. If they arrive with a large reenforcement, our expedition is at an end, unless it is by way of blockade, and that will depend upon the French fleet's being superior to that of the British, General Sullivan has done every thing that could be expected, and had the fleet cooperated with us as was at first intended, and agreeably to the original plan of the expedition, we must have been successful.

The business of financing is in a poor way. There is no plan found, or scheme digested, for mending our money. There are a thousand projects on foot; but none appears to be taken up on a practical footing.