Delaware State journal and statesman. [volume] (Wilmington, Del.) 1855-1870, 1863-06-30

si2o,lo7 AZ
ll9,Oo9 66
ny balance sllewn per contra,
By balance after dover, car
ried forward for rdiafriHuti,,,
il6s72 50

ny balance sliewn Der contra siisoS9 a
By balance after dover, car
lied forward for distribution, Il6,s72 50
beB-. To THE PuBLIo.-The oo-partnership
difficulties between the undersigned and the
Messrs. Broadbent having obtained some pub
lie notoriety through the press and other
wise, deem ii now but simple act of Justice
10 say that, upon a thorough re-examination of
tue affairs of the late firm, made by myself, /
lind that the accusations OF fraud or unfairness
against the Messrs. BrOadbent, grew out Of mis-
apprehension and msstatements on the part of
others of facts, and | now believe that their deal
inga in connection with our co partnership were
characterized by liberality and fairness. Il
affords me pleasure thus Voluntarily and with
out their knowledge to repair any injury that
may have been done by contrary impress
sion. r. FRANCE.
Baltimore, July 14tb, 1862.
The public will observe by card published
this afternoon, that the recent business difficulty
between Messrs. France and Broadbent hos come
1 10 an amicable conclusion Mr.. France yolun-
tary exonerates Mr.. Brosdbent and his sons
from all charges heretofore made against them.
This is entirely proper on the part Of COL France,
and due to the Messrs. Broadbent, whose
fnirness in business relations and lberality in
private life are we'll known and appreciated by
the community.
To THE PUBLIc-In consequence of the ap-
pearance of an article in the American and Sun
newspapers several days ago, to the effect that
charge has been made against my sons and my
self by Richard France, place the following
facts before the public -
In the year 1866, we formed verbal co-part-
nership with r.. France, in the supplementary
business in this city, and during period Of three
years we paid to him for his share of the profits
over three hundred thousand dollars. We fur
nished all the capital; he never put up one dol
lar; he had no knowledge whatever OF the bus-
ness, and had we been so disposed we could have
| paid him only one.thrd Of that amount as his
share Of the profits; he would have been none
the wiser. But we did all fairly and honestly.
In the year 1863 we entered into co-partnership
with France, in the management of the Delaware
aud Kentucky Lotteries, he having 80 per cent.
only in the business, aud following is one of the
articles, which quote, as it will have consider
able bearing on this matter
The accounts of the partnership hereby cre-
ated shall "be made up, and settlements take
place monthly as far as practicable" No fraud
was created by the firm, nor was any bank ac-
countkept. My sons and myself verbally agreeing
to furnish the capital requisite monthly settle
meats were to be made. The firm had several
book keepers, Mr.. Thomas Kinds being the prin-
cipal one, he receiving all the funds for the va
rious agents. and paying over monthly. The busi-
ness progressed and settlements made monthly.
in accordance with the article quoted above and
when such settlements took place. the vouchers
of receipts aud payments were carefully exam
ined, the balance struck, and certificate of such
examination and settlement entered in the book
and signed by tho members Of the firm. The
books were kept open for daily inspection by all,
and were never locked up. all transactions that
took place were constantly pointed out to r.
France, as he and myself were the parties who
transacted the business, my sons attending to
the practical part. He was consulted upon every
| occasion, and upon oil and every matter, and
when from home his son attended TO his interest.
About the LIST Of September, 1860, R. France
wished to retire from business, and offered me
his 30 per cent. upon certain terms which de-
clined, and on the Sth of that month fwhen
was confined in bed by sickuess,) be, without
notice, at night in the city of Wilmington, Della
ware took forcible possession Of the books,
papers, printing materials, sc. Of the firm, and
removed them from the buildings, then owned
by my sons, (who had rented to the frm) and
raised the cry Of fraud, on me alone, to a fabu-
lous amount. My counsel advised proceedings
at law for this violation of rights, tut / knew
that France had taken hold of what he could not
manage, and had made blunder, few months
would tell and 80 it did. In regard to the cry
of fraud charged upon me, my counsel was au-
thorized, and did offer to pay five dollars for
every dollar that could be proven, and also would
release all claim on the business in such event.
n lew uuJb tlhpatus uuu pFNlusitonb hNFt Hhue
to my counsel by the counsel of r France, for
The settlement OF the difficulties. Certain terms
were proposed, aud finally agreed to by me. Oa
the 25th of September, 1860, the settlement took
place. under agreement drawn by j.. Mason
Campbell aad Thomas NJ. Lanahan, Esqs, and
executed by all parties, la that agreement Il.
France covenanted TO pay al the obligations Of
the firm all bonds, all contracts, with agents,
&c aud also eovenanled 10 pay s. Broadbent,
Jr., j. S. Broadbent, and myself $780, 900 (ninety
Thousand dollars) in montnly instaments Of $500
for fifteen years. in consideration Of our releas-
ing Of our interest in the grants, and the next
day he caused to he inserted in the various papers
of this city, aud in the State Of Delaware, the
following
NOTICE.
"T The recent difficulties between the UNDER
signe1 having grown out Of misunderstanding,
has been amicnby adjusted, and the subscribers,
Stephen Broadbent, Sr., stephen Broadbent, Jr,
and John Scottie Broaibent, having disposed Of
their interest, and retired from all Gurther man
ngement aud control of the " lottety privileges
granted recently by the Legislature Of Della
ware" tho same will hereafter be carried on by
Richard France for his own account, aud the
public and agents Of the late firm are requested
to take notice accordingly. All claims against
the late firm will be presented to Il. France.
K. FRANCE,
S. BRoADBEET, Sr,
S. BROADBENT, Jr.,
J. SooTrIE BRoADBEHT,
W. c. FRAScE,
This was in September, 1860, and read the
following certificates, from one OF our most re-
spectale merchants, Of what France stated two
months afterwards
hereby certify that some time in the month
NJ Novenber, 1860 R. France called on me
about the renewal of a note of his, endorsed by
5. Broadbent, sr., S. Broadbent, Jr., and j. s.