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PDFEstate deficient to balance 1006 2 0
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L7108 12 0
STOCK CREDITOR
By losses by bad debts in trade, in the year 1715 L 50 0 0
By do. 1716 66 10 0
By do. 1717 234 15 0
By do. 1718 43 0 0
By do. 1719 25 0 0
By do. by the South Sea stock, 1720 1280 0 0
By do. in trade, 1721 42 0 0
By do. 1722 106 0 0
By do. 1723 302 0 0
By do. 1724 86 15 0
By house-keeping and expenses, taxes included, as by the
cash-book appears, for ten years 1836 12 0
By house-rents at L50 per annum 500 0 0
By credits now owing to sundry persons, as by the ledger
appears 2536 0 0
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L7108 12 0
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This account is drawn out to satisfy himself how his condition stands, and what it is he ought to do: upon the stating which account he sees to his affliction that he has sunk all his own fortune and his wife’s, and is a thousand pounds worse than nothing in the world; and that, being obliged to live in the same house for the sake of his business and warehouse, though the rent is too great for him, his trade being declined, his credit sunk, and his family being large, he sees evidently he cannot go on, and that it will only be bringing things from bad to worse; and, above all the rest, being greatly perplexed in his mind that he is spending other people’s estates, and that the bread he eats is not his own, he resolves to call his creditors all together, lay before them the true state of his case, and lie at their mercy for the rest.
The account of his present and past fortune standing as it did, and as appears above, the result is as follows, namely, that he has not sufficient to pay all his creditors, though his debts should prove to be all good, and the goods in his warehouse should be fully worth the price they cost, which, being liable to daily contingencies, add to the reasons which pressed him before to make an offer of surrender to his creditors both of his goods and debts, and to give up all into their hands.
