The Somerset herald and farmers' and mechanics' register. [volume] (Somerset, Pa.) 183?-1852, 1847-09-21
OF JACOB M. HAL
DENAN. ESQ AND OTHERS.

HARRIsBuRG, Sept. 2. lS47.
To the Editor OF The Pa. Tel.
SIR-I have learned that Jos. w. Pat
ton is charged by some of his political
liiical opponents with defrauding his cred
iiors by means Of the bankrupt law
Believing the charge to be unfounded and
unjust, and having all intimate knowledge
of the cause of his pecuniary difficulties,
| have thought proper, as an act of JUS
iice to Mr.. Patton, to make The following
statement.
In 1881, | owned one-ihird of an Iron
establishment IN Cumberland county, at
which MIR. Patton had managed the year
proceeding. Mr.. Patton, although entire
Iy without capital, was induced by the
solicitations, and liberal offers of assls-
tance from the owner OF the other two
thirds of the property, (who was anxious
TO have his services in the management
of the concern, to purchase my interest
for S22,759, besides agreeing TO pay my
share of the debts then owing by the con-
Germ. Some time after making the pur-
chase, he discovered that the owner was
very much involved in pecuniary difficult
ties, and that it would most likely involve
himself and prevent him from paving for
the property. He expressed wish to
sell out, but did not succeed IN getting
purchaser. i advised him to 60 on and
do the best he could. The next year his
partner failed, and from that time Mr..
Patton carried on the works himself un-
der many difficulties and embarrassmenis
until the fall of 1895 when he failed-
then stated to him that il he would pay
me a balance of $3.50 of unpaid interest,
[ would take back the real property and
release him entirely which he was not a.
ble to do.
He paid me while he held the proper
ty, the yearly interest on the purchase
money; (excepting the sl5O,) S2,75O on
account OF the principal, and portion of
The debt due by the concern when he
purchased. His personal property was
sold for the benefit Of other creditors, and
tie real estate was bought by me at
Sheriffs sale for aG0uf fttelre thousand
dollars less hGn he seas 10 pay me for
Il. Ia 1899 he paid me The 5aiarce of
interest due al fhe time he failed, and |
then told him | would give him a release
at any time he wished. II appears that
as the judgments were still unsatisfed, he
thought that it necessary to return the
amount of twelve thousand dollars in his
stafement o offiabilifies, although Increr
intended asking him 10 pay Il. Mr..
Patton was young and energetic, and easi-
~ led TO embrace an opportunity, as he
and as ! thought il Of rising in the world.
Unfortunately it turned out very different
iy from his expectations, when he enter
ed into the concert. MIR. Patton came 10
i've with me upwards Of twenty wears
ago, young man, and assisted me in
carrying on my Iren works, milling and
farming for several years. 4 caa sfofe
a0ith pleasure that neuer had in NM
employment man srith iohom i ,pos
better pleased, and cheerfuliy yire nm
testimony as TO has industry sobriefy.
integrity and qualifications for bxsi-
ness. j. Nj. HALDEMAN.
CARLISLE, Sept. z ls47.
This is to certify that when Jos. w.
Patton failed. was liable Cor hin, to the
amount Of about two thousand dollars.
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