Written by William Knox to his brother Major General Knox. Mentions this is the fifth letter he has sent to Henry since arriving in France. Says he has received two from Henry. Says he is in Nantes on business, purchasing goods for his friends. Says "allmost all american orders are made out for this Country with English Ideas and the articles differ so widely that there is the greatest hazard of sending things which will not be acceptable." Says he has been settling his business accounts, which were confused. Says his reputation would have soured if he had not gone to Europe to settle his affairs properly. Believes Lord Shelbourne and the rest of the British Ministry are going to offer America independence in the treaty negotiations. Says he believes this is so because opinion in the House of Commons is against any offensive action in America and because American prisoners have been released. Makes references to recent diplomatic moves involving John Adams, Benjamin Franklin, and Holland. Mentions that America might have to make peace on its own terms if France keeps dragging its feet. Hopes to be back in America in the fall, but in the meantime plans on going to Bordeaux and Lyons. Recounts gossip and speculation on new British cabinet and prospects for peace; various scenarios of peace with France's consent, without specific terms.