Wheeling compiler. [volume] (Wheeling, Va. [i.e. W. Va.]) 1829-1831, 1830-02-24
TO NY CREDITORS.

RR AVING become emb lrrIssod IN my 4iins
Ill and unable, n present. TO pay AL mo de-
maDds upon me, deem Il a matter OF justice TO
MYSELF and / hope il will be satisfactory to yoUp
To- make known the cause Of my difficulties, and
the plan whereby propose 70 pay all my debta
to the last dollar
In the year 1926, | established Livery Stable
in Philadelphia, principally for tho reception ana
saie OF horses. To my Agent forwarded horsoO
to the value of Ten thousand Dollars-Four lhou-
sand Dollars of which have been sunk IN o1pensoa
and casualties For these horses haze long since
paid the former owners. The profits anticipated
ltrom tbs establishment, not having been realized.
and having a collection Of valuable horses ON hand.
was advised by persons acquainted with the
Orlean trade TO send my horses thther IN prefer
euce 10 any other place; and on the l2th Of No.
vembcr last | sent off 81 Of my most valuable
horses hut have ~ Yet return nor am advi-o4
that a sale hls been made. by tins venture shah
sustain some loss; and II will veXme the more, "a
owe the farmers for one bali Of the horses con-
posing the cargo
i The loss of four thousand dollars on the Philb-
delphla establishment, the amount vested M tho
horses gone 20 NewOIleans, and ~ horses now
Ion hand. together with 75UO dollars expended 10
the purchase Of the gUound and building Of my
stable (tbat il 10 saw SyJU0 Tor the lot and hsif
L
power 10 meet my engagements
To enable me 10 purchase the first droyes scot
10 Philadelphia, 10 purchase the ground, and 10
build the stable took up money from the Bankk
lu this neghbourhood and my friends generously,
and without the hope OF benefit 10 themselves, en-
dorsed my paper upoD promise ofindemniiy and
when called on could not in justice refuse % give
them hen. on my property. Yet ! am told that
my creditors have taken great offence al thus. I
hope that upon reflection they viii approve ofwht
hive done.
My property a, a fair price, together with money
due to me, amount TO 500 dollars more than
owe Yet all will avail me not should my private
creditors. push me. In that case, my endorsop
would in safety TO themselves, be compelled 20
sell NV property upon the lien have gwen 10 the
Banks: and who can predict the extent Of The 81
crifee that may be- TIE consequence All would
probably be insufficient 10 pay my bank engage
ments: whereas should ny creditors agree 10 Inc
following proposition / shall % q certainty pay az
| my debts T. the ast dollar.
/ propose, then, 20 convey all my property % =
I Trustee, for tbe benefit o. my creditors and pro
vide for the payment Of my debts, one half m ono
and one bali IN two years. with interest; and upfn
the execution Of such deed my creditors % ub-
| scrbs an agreement not 10 sue me N tina mean
Etimc. Shonl1 this proposition be accede j 10,
can keen up my paper in bank and IN one year psy
! 1000 dollars sod in The succeeding ye u on tho
residue. Every dollar pad INTO bank, viii be 80
much naid for the beneAi Of my other creditors.
! indulge The hope thal not one q my creditors
-. 80 - io,,,re ne and ! assure them that b.
49,, ,bev NAV ruin rpa. and m bonef, them
,u,s, Al ms property has heg given 10 secure
- ftbts. II Is now tSof nv potve. all
| I.J.a,d fbe reach of any 81 my other c,.di,,.,.
while thai l,sn zen ' N ~ Saa nTP, "a NJ ihs aduI
gonce ask ana az y y,'.i. iiiil DC pad. Sung
80. nor lessea lle prospects = l. 49, IN, IL
,gbo sues not a. al, may, n q = e,5 ooms "a 10
best T. FOGLE
wheeling, Feb. II, ls>