Wheeling compiler. [volume] (Wheeling, Va. [i.e. W. Va.]) 1829-1831, 1830-02-17
TO NY CREDITORS.

TfSR AVING become embarrassed in my affairs,
III and unable al present. 10 pay all the de-
mtIis upon me- deem II a matter Of justice TO
myself aud hope II VIII be- satisfactory to you,
10 make known the cause of my difficulties, and
the plan whereby propose 10 pay al my debts
to the last dollar
Ia the wear 1e2-, established a Livery Stable
in Philadelphia, principally for the reception and
sale OF horses. To M Agent forwarded horses
% the value Of Ten thousand Doars-Four thou
sand Dollars of which have been sunk in expenses
and casualties. For these horses have long since
paid the former owners. The profits anticipated
from this establishment not having been realized,
aud having collection Ofvaluable horses Oh hand,
was advised by persons acquainted with the
Orlem trade, 70 send my horsrs th;her in prefer
ouce 20 any other place; aud ca lho 18th Of No
rembcr last 1 sent of % Of ny most yaluable
horses, bur Lago as yet no reinrn, nor an advised
that a sale lrgs been made. by this venture shall
sustain some loss and II will yeXne The more, as
owe the farmers for one bait Of tho horses com
posing The cargo.
The loss Of four thousand dollars on tho Phla-
dclph.a establishment, the amount vested IN the
horses goue 10 Ncw-OHeans, aud 20 horses now
on baud, together with 1900 dollars expended IN
the purchase Of the ground and building OF my
stable, Chat IS 10 say, $1,000 tor the lot and hai
lot, aud $500 for the stabe) have put II out OF my
power 70 meet my engagements.
To enable me 20 purchase Tie hrst droVes Sent
10 Philadelphia, u purchase the ground, aud to
build the stable, took up money from the Banks
IN this neighbourhood and my friends generously
and without the hope Of benefit 10 themselves, en-
dorsed my papef upon promise ofinGemnliy, ana
when called on could not in Justice refuse 70 give
them lien on my property. Yet am toid that
nv creditors have ken great offence at TINS
hope that upon reflection they wall approve Of "ha'
have done.
NV property at a fIir price, together with money
due TO me. amount 10 o0OO dollars more than l
owe Yet all viii avail me not, should my private
creditors push me. Ia that case, my endorsers
would ia safety ~ themselves, be compelled 10
sell my properly upon the lien have gwen 10 the
Banks; aud who can predict the extent Of Tie sa-
crifce that may be the consequence All would
probably be insufficient, 10 pay my bank engage
ments: whereas should my creditors agree 10 tie
following proposition shall 10 certainty pay all
my debts 10 the LAST dollar.
propose, then, to convey all my property TO a
Trustee, for the benefit OF my crSiitoeS and pro.
vide for the payment fmy debts, one hall m one
aud one halt ln two years. with interest and upon
the execution of such a deed my creditors 70 sub
scribe an agreement not to sue ne IA tie mean
time. Should this proposition be arceded To- l
can keep up my paper III bank, and m one yelr pay
1000 dollars, and IN Tho succeeding year al The
residue. Every dollar paid INTO Lank, VII be so
much paid for the benefit Of my o.her creditors
indulge the hope tlat not one OF my creditors
wishes to iuluTe me, and assure them that by
suing, they may rum me, and not benefit them
selves. AL my property has been gwen 10 secure
my bank debts. il Is now out OF my power and
bevond tie reach Of any Of my other crcditors
while that len confines. Afford me the ndul-
gence ask, and ali Of you shall be paid. SUING
hrst, or suing last, can give no preference 70 TIC
one nor lessen the prospects Of the other. lie
who sues not ~ all, may, Ia the end come of the
best +. FOGLE.
Wheeling, Feb. II, 1890.