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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.
The state of his case, as to his debts and credits, stands as follows:--
His debts esteemed good, as by the ledger, are L1357 8 0
His goods in the warehouse 672 12 0
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L2030 0 0
His creditors demands, as by the same ledger
appears, are L3036 0 0
This amounts to fifteen shillings in the pound upon all his debts,
which, if the creditors please to appoint an assignee or trustee to sell
the goods, and collect the debts, he is willing to surrender wholly into
their hands, hoping they will, as a favour, give him his household
goods, as in the account, for his family use, and his liberty, that he
may seek out for some employment to get his bread.
The account being thus clear, the books exactly agreeing, and th
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