Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1832-05-18


Deductimg from this 10 ucr cent nm tbc ,,,;l, ,,I
S'rlpuons and advertisements, (of which about one
SKIN is paid III advance,) say $3.50
ana ~ per cent. on the other sub
Scrl1crs, say 2,O7O--7, 900
me. ,ncrc remains gross income of G0,75O
Inc annual expenses were stated at 80 900
Leaving nett annual income of $3.50
, Inns statement IL confirmed Ivy the aiiidavits of
mcnt.
The total value of the paper was thus stated
james ats0n Webb had Invested in il 1893 O10
Tor which = 10, 900 had been offered provided the
",her half conll be had for ES2500 This he de-
cnhcd, but ii is IN ntioncd to prove that the whole
"' ~, nave been sod Tor $4,000
men 1t was an Improving establishments
IL lld owed debt TO the Banks of Sis 1000
winch 1t had paid off in \ pr and May,
1881, out of the collections of the last
SiN months, which had amounted TO % 900
IL &ld, IN 1929, owed fetal debt of $4,000
Which 1T had since paid off.
ANA at the present moment its out-stanl-
ing claims were more than its debts by 10000
tor Its responsibilities and means stood
thus
ont'staniImg debts in the country more
than $4,000,
OF which could be collected on prescnta
ton of bills m OO0
Due i'll New York, more than four months
subscription, which, with the unpaid ar
rctrs ot the last six months, may be safe.
ly Gstimatcdat 10000
And the property owned by the applicants
amounted to soon
u,:
y,,. ~ 'Nii,@ 36,uOo
" mic inc Whole amount OF debt was $4,000
-
Leaving an excess of 10000
That they had been deemed worthy of credit in
NC" i orN, appeared from two facts.
. :: o mat tnc Banks OF New York mad lent them
which nndr
> H., ,I h,In ,',! "Hu reP''o'
& "'l inc respectable mercantile house Off l..
- "oI'Pi N '"r hrm wei known to the Di-
,;i nav ,'"' ''''',i @%u'uOo, winch had been
GPI'" out 81 l"c FRONTS OF the establishment, as
so"''"'cii themselves ccftliy lii document
=" 'r""y,hS ''lr papers.
many t"cy hhd no accommodation, direct or
~, N'' '"t 81 any bihN'
= I -" C'sc ''.ch s'oo" thH& Here are two persons
mon, ,;i P'"cSS'on engaged Ill an cStahiiSl-
M, ,,n "','' ; ''iS ''P"'' Is oo'uOO
MI e ,,'' 't t' oo,Iou
Nv eNPr"",'"r'S' $4,000
,,G 49, 'Io'''' @0,'oo
n.y., ,; ' .uo BUSINESS "ierc lne receipts
thrv nt,,rII'. t"v P'S nous ouly ana weekly
sn,yo i;. nv T"''' iN' oI"'F ih'h III business,
500 oGn ~, i"oy "ccor"'ngIy apply to borrow
,"; H., my "''" - poIioW H. not TO pay pre-
,.;,L ,I: " 'Po." u oii "DJcc's uhcohhectei
; n IN vs. nul 1o' inc purpose OF employ
S u an IN way 10 increase the profits OF the con-
~; 49, W P'o'"'HhS I" new press ana enlarglng
''''! i'e'''S 81 o"t'iiihg early commercial mior
'''t!"" ana mus MAKE Inc paper more valuable.
"Now the statements may be presumed TO present
the most favorable aspect OF the case from the SAN
guinc temper in which men are prone to estimate
their own professions and prospects, and vet unless
ny VIZ "n"i'y '''lacr'uS Ihc hoard saw enough
a. ~ '''o t"'''' ~ vas iurthcr JUSTIFIED by
lhe event. for when the note fell due, $4,000 were
paid OH at time when the demand for money in
dnc"d many other debtors TO ask for renewal of
lh2r notes
,vI H ~ VIZ ,o'i VI tS'>''ooV.
The other loan rested on the same principles as