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Letter, Charles B. Penrose to Justin Butterfield, 11 January 1843
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Source Note
[Charles B. Penrose], Letter, [], to , , Cook Co., IL, 11 Jan. 1843; unidentified handwriting; two pages; Case Files and Other Records Relating to Suits, 1791–1929, Records of the Solicitor of the Treasury, Record Group 206, National Archives and Records Administration, Washington DC.
enable us to force a compliance— I cannot therefore consent to the arrangement which they propose, because at the end of the indulgence we might & probably would be compelled to pay incur all the expense & delay to force the payment of the debt by sale of real estate which we now have— Under all the Circumstances I am willing <however> if If the parties will make a liberal Cash payment in hand, say one third of the debt, and secure the remainder in <the> way you proposed, in one, two & three years, in equal instalments, and pay all Costs which have accrued you may accept the proposition—
It must be understood however that the parties of the new bonds <shall> Confess a judgment for the amount, with the understanding that in the event of a failure to pay the instalments <or any one of them> punctually, as they become due, <the indulgence is to cease &> Execution [illegible] to iss◊◊ for Execution should <to> issue & be [illegible] on the property <mortgaged> pledged for the payment of the bonds— This <These> is the most liberal proposition which I feel authorized to accept, terms are deemed liberal, and if they are acceded to you <will> withdraw your opposition to the dis application for a discharge under the Bankrupt law— If not you will <reject the discharge> <&> proceed with the vigor the law will to collect the judgment
I am yr
To.
Esq
Illinois—
Jany. 11. 1843
Esqr.
Dis[trict] Att[orne]y
Folio No. 7
Recorded page 155, Jnl [Journal] [p. [2]]
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Source Note
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Footnotes
Footnotes
Docket and notation in unidentified handwriting.