The true Democrat., 1856-05-13

II. M. RUE.
 Memphis, September 6, 1855
 This agreement was to be cancelled when a thofough organization of the company was ef- iected. In November following True told nm that ne had expended Sl6,OOO in the slate quarry; and that Burr had backed out of the arrangement, and at the suggestion of True, hlS pfother A. '. True, was substituted True represented that the concern had S2OOOOO in capital stock, and that he owned Sl2OOOO or Sl3O,OOO of that amount. That he had forty acres of real estate near Little Rock upon which the quarry was situated, worth at leas, S9,OOO. The agreement set forth that True was to furnish vouchers for his statement and make out accounts from the books, giving an exhibit of the condition in which affairs were. Expense act. here shown witness. This was made out by witness's brother from the books kept in the othce by True. Some of the items corres- pond with the small statement on yellow pa- per furnished by True. Repeatedly requested True to make out a statement, but he invaria- ply put them off by an excuse that he could not do so, until he heard from his brother in New York, and fixed up the accounts of Smith. we Wished the statement made, and every- thing settled for the purpose of organizing the company anew. A. c. True brought from New York, $12,OOO of the bills said to be in the hands of his brother. True said that there were $55, 900 still left in New York. Suspect ed something wrong, and we met at the Rich mond House on the 18th, to organize and elect officers, and for the purpose of forcing True into a showing. True said that it was impossible for him to do so at that time.- We then proceeded to the election of off, hcers; True objected to the proceedings, and said that if that was their course of action. he would have no more to do with them, and started to leave the room with his brother. He was stopped by Kirby, who drew pistol, and told him that if he attempted to leave be- fore he had made settlement and refunded the money that Was stolen from them he would shoot him. The Trues were then made to sur render the keys, and sign the following agree. ment
 This agreement, made and entered into this 10th day of April, 1956-J. R. Ferguson. R. NJ. Kirby, J. B. Ellis, T. J Davidson, J. Locke, L. D. Sticknev, of the one part; and Henry Martin True and Albert C. True, of the other part, witnesseth: That heretofore the above named persons of the first part were induced to purchase of said Henry Martin True the stock of the Cincinnati and Little Rock slate con- pany, which said True represented he held and owned and which had cost him not less than sixteen thousand dollars, said stock being in quantity af.d amount not less than S12OOOO; and to embrace that amount, as we'll as all said True should acquire, which was to be equally divided between the parties to this agreement, so that each should hold and represent an inter- est ot one eighth; also, all the rights privileges and lmmunlOes, and franchise books, pa pers, real estate and personal property, should De held and owned by each of the above par ties Tn equal interest of one cighth, our inter- ests being mutual and whereas both parties to the agreement entrusted H. M. True one of the parties of the second part, with the manage. ment ot ther business at their agency in Mem- phs, Tennessee, and left with him sundrv notes to De applied as banking capital in the management of the business of said company and agency. viz: Josiah Locke S3, 750; J. B. Fills, 5000; T. J. Davidson S5,O0O; R. M. kirby 5000; and also gave to said H. Al. True a credit to check on'C. ". Cherry & Co.,, a banker in Memphis, Tennessee, to the amount of So,OpO Also, the parties of the first D Tt ot thls agreement by their personal influence induced the community to receive and give credit and currency to the issues of the Gin cmnau slate company upon the faith that the said Il. NJ. True being a man of honor and in- tegrlty, would honestly manage the business entrusted to him: whereas the said H. M. True IS unable to make a satisfactory exhibit of his disbursements and of his aatioI.s and doings in the premises, but is apparently in arrear with the party of the first part: and whereas the said II. Nj. True has had issues of bis of said slate company engraved by Danforth, Wright X O., to the amount, as he alleges, of Sl96, OOO and has put portion of them in circula- ton, exact amount he says he is unable to state, and whereas the said A. c. True. one of the parties of the second part, as well as the said Il. M, True. says that S5OOOO of said s- sues, or bills, are in the hands of their brother C. r. True of the city of New York, without consideration on his part, but subject to the or der of H. NJ. True; Now, therefore, be it known that the said parties of the second part here by sell, transfer, assi gn or set over to the said party of the first part all the stock they own Tn sad slate company, and all rights privileges and lmmunities in any way belonging to us under said charter; and the said II. M True hereby voluntarily relinquishes, transfers, as- signs anl sets over to R. NJ Kirby, for the use and benefit of said party of the first part all the bills of the said company in his posses sltlon; all the use and possession of his office on Madison street, in Memphis; also the safe bhs receivable, books, papers, and everything therein, to be used and applied as follows Said party of the first part are to call in, as fast as possible, all the issues of the slate ;om- pany which have been issued for value received and close up the business, under the present issues in good faith to the public. x
 The said H. NJ. True hereby relnquishes all claim for himself, and for himself as guardian for Il. NJ. True, jr., to five negro slaves, pur- chased from A. c. Blair and now held by F E. Whitfield. Also the said party of the sec cond part relinquishes all claim to check, purchased from c. W. Cherry & Co.,, April l5 1856, and indorsed by II. NJ. True to C. F True, the same being for about $500, the same having been taken from the post office by the party of the first part, with the approval o the party of the second part.
 L. D. SrIcKNEY 70. FERGUSON.
 J. LOCKE. RICHARD M. KIRBY. (ByJ. R. Ferguson) J. B. ELLIS.
 A. c. TRUE T. J. DAVIDSON,
 H. M. TRUE. (By Ellis.)
 w. R. SMITH, Witness
 Received, on the within agreement, the five thousand dollars for advertising, as contemplat ed in the foregoing agreement
 L. D. STIcKNEY.
 Received the ten thousand dollars on tn, within agreement l.. D. ST1cKNEY.
 The stock mentioned in the above receipts this day delivered to H. M. True, and if here after the S5,OOO stock shall be required to pay Mir. Prentice, as herein contemplated, said True Is to redellver the like amount to me, anc when the new agreement between said True J R. Ferguson, J. o. Neil, J. H. Patterson E. T Burr, J. Locke and others, is perfected, thi. agreement to be cancelled altogether.
 L. D. STICKNEY,
 H. M. TRUE.
 November p, 1856.
 The counsel for the defendants offered al evidence letter from Mir. Stickney addressed to Mir. A. c. True; the following is correc copy:
 MY DEAR SIR: Give young Beebe good en- couragement that he will be permanently con tinued in the employ of the company, and tha they have the highest confidence in hiscapact, and honesty. While you treat him with con fideuce do not let him know anything materia about our business. It had better be under