But when this expedient failed, it was scarcely possible to advance a single step, but under the guidance of the respective states.
[Sidenote: Financial regulations.] Whatever might be the future effect of this system, it was impracticable to bring it into immediate operation.

The legislatures of the several states, by whom it was to be adopted, and carried into execution, were, many of them, not then in session; and were to meet at different times through the ensuing spring.

It was consequently to be expected that great part of the summer would pass away before the supplies to be raised by the measure, could be brought into use.

In the mean time, and until a new scheme of finance, which accompanied the requisition of specific articles, should be tried, there was no regular provision for the army.

Bills to the amount of L100,000 sterling, payable at six months' sight, were drawn on Mr.Jay, and others to the same amount, on Mr.Laurens, who were empowered to negotiate loans in Europe.