Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1867-04-23
row TO SETTLE DEBTS.

ilQuldaIed. ~ e GIVE LIZ hi"Ai-'
can We get rid OF great part, If noi all OF the
Indebtedness? Not by Reputation, partial
or full for no honest man would make sach
suggestion, or if made, the courts OF the land'
Federal and State, would not permit It, no"
then? Our answer is, by settling Up ali
around balancing mutual accounts, giving
notes for the differences, and these nofeS can
be used in "souaring up one with another
Our readers fully understand what we mean oy
Settling up," ''balancing accounts, auu
''squarng up" Let US illustrate how readily
all this can be worked: A owes B q hundred
dollars upon open account B owes I nun,
died dollars by bond 4; G Owes d hundred ana
fifty dollars balance on running account be
tween himself and D, and d owes u hun,
dred dollars on bond Under the stay law al
these matters are at dead lock. How easily
it would come if y would give b hia bono
Tor the hundred dollars due him upon open
account IL would take up his bond to = hy
assigning As bond 10 {; & assigns chs bobu
to ID, and gives his note tor fifty dollars. ti!e
balance due ID; u gees TO A, pays on Ms
| bond 10 4 by handing to ! his own Gond -
! Here are four debts Squared up and rednc'
| ed to one OF fifty dollars without a single cent
Of cash being used in any part of the trans
action. The extcnt to which shIa can be
! carried III even as small 4 community as ours
is surprising We retnen!er to have heard
| that, many yca.a ago, when money was much
more abundant than it Is now, OF certain
court day, Gov. Barbour, who was i'll town,
| paid ont hundred dollar note in The mornlng,
and before nighiali the same bank note had
come back to him III regular collection. Some
curious person determined to trace that day :
history oil the note, and uSccr'slned that II had
| paid off, in less than ten hours. Two thousand
dollars Of indebtedness in passing from hand TO
| hand This result cahn0i be easily or sails
aclorily attained unless the first step We $'ly-
gnsl--' settling up" be taken. could hardly
square up with G by assignng his (D'sl
! open account against 4 for the hundred dol
| lars, and a would pretty certainly be unable to
settle with p by taking IN open account held
| by u against c. Tor in the first case, a might
| dis;,ute some OF the items in b account; and
| in the second case, C's account may be
even larger than D's No one likes 10 buy a
| snit," and 10 sensible man would give up a
bond he knew all about and knew to be good
| in exchange Tor bond, much less au unsettled
open account, of which he knows nothing, and
| to which any number Of offsets may be pro
duced. All these difficulties en- be removed
by ''<Quaring up" by parties themselves, and
for the true amount Of indebtedness between
them let the debtor execute his negotiable
note, which would get rid Of all Offsets and
other similar difficulties. - charlottesville Enron.
WASHINGTON ITEMS. The mayor has sent
to the board Of Common Council 4 proposition
from Mcs>rs. John Van Rswick and Gideon
l.. Walker for the ptuchHs2 d the Washing
ton canal They offer to purchase all o.! the
! corporation interest in Il, and all the claims
against the Chesapeake and Ohio Canal Com
pam, for $50 900, payable twenty years from
date Of purchase, with semi annual interest,"
They propose to derpen the canal
Sanford Conover Is still confined in the jail
| here Two months have now elapsed since
| the c0nrt Overrnled the motion for a new trial
| in his case, and still he has not yet been scn-
| fenced. The reason Tor the delay has not been
given, and srrnlisea as to the cause are MI
InerOuS.
Gen Michicr, engineer in charge Of public
buildings and grounds, has, with number Of
workmea, commenced to repair the greenhouse
at the Executive Mansion, which was partially
destroyed BY ire some weeks ago.
Parties who have secn Sam Coliyer and Bar
ncy Aaron during the past week state that the
proposed fight (which will take place early IN
June viii be on the Potomac, IN Virginia
Fifteen hundred dollars will he up on each side
this week. and before the day arrives it is cx-
nectcd that thousand rtorc side will te up,
muking lhr purse $1,000.
\. Scrvecr has heen arrested Id George
town, upon the complaint Of Alfred Holt, for
shouting wirh intent 10 KILL He was taken
before Justice Ructy, vino required him TO
ave bail.
The Dem0arats ana Conservative ('onvcn-
ion, in this city, have nominated Mr.. McNer-
hany for Collector Dir. Douglass for Regis
ter and Mr.. Forsyth for Surveyor.
----------4A,aI----------
GENERAL ASSEMBLY Ia the Senate, on
Saturday, the bill to authorize the County
Court Of Amherst, 10 sell the stock held by
that county in the Orange and Alexandria
Railroad, wa passed. The bill authorizing
railroad and cana! companies 10 guarantee and
endorse the b0nda OF other companies, was
rejected. The Tax bill from The House was
passed
In the House Of Delegates, The Tax bill was
passed The bill authorizing cities, counties
and i)wna to borrow money ii 4 rate 0f inter
est rot exceeding ten per cent, 10 pay sub
Scripi0us to stock IN internal Improvement
cGmpanics. was passed by n vote Of ayes So,
noes 81.
lhc bill to provide for the extension Of
road from Danyi!lc by way Of kOc;castIe Gap
10 some point on the Virginia and Tennessee
Railroad: Was taken up.
Svcretcry Seward has gone on 4 visit To hia