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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A35637 The case of Richard Thompson and Company with relation to their creditors, published for better information. Richard Thompson and Company. 1677 (1677) Wing C972; ESTC R34792 12,209 29

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extinguish the Principal They could not have exacted any thing more plausible from us or more suitable to our own inclinations than not to pay one farthing less than we owed only we were fearful having once suffered to enter again into Conditions that should hinder the Effect But to overbear us in this they discoursed with some probability and in much seriousness assured us that upon making so fair and speedy an Agreement especially since by their search in our Books they had found nothing in the manage of our Affairs but what was both honest well laid and Merchant-like we should find the return of our former Credits and be fortified with fresh Reputations This from those who had both the power to impose their own Terms upon us and ability to make good their own Promises was too specious for us to distrust and too forceable upon us to have refused We had before offered them freely to deliver up the whole Estate into the hands of some Trustees of thei● own Number to have collected it in for the rest of the Creditors But the Major Part thought fit that having agreed to their Terms and times of Payment We who were best vers'd and most concern'd in the Issue of the Affair should have the care of conducting it to a Period And now we had reason to hope after we had been induced to submit to the payment of Principal and Interest that none would have refused to sign such fair Proposals but that we might without disturbance have collected the Estate which lay at Six and Sevens in a perishing Condition for want of present management But as we must upon all accounts acknowledge our own Weakness so we think we have right to say upon experience with respect to others that there are some times when Men have less of Reason than all other Creatures For it was evident and our Books which we had subjected to a daily inspection did demonstrate that every moment of time gained or lost was a sum of Money that all delay made us the less responsible that the Estate if none took care of it would dispose of it self out of the reach both of the Creditors and our selves and that our Debtors would possess it That there was no coming to an end but by an Agreement which therefore the more considerable part of our Creditors entred into and yet nevertheless there remained still a number sufficient to obstruct any good business of this kind who though they knew we had drawn out all the Blood in our Veins to give satisfaction yet would not allow us any time to restore Nature but obstinately refused to subscribe the said Agreement as if they accounted it a more desirable thing to have their Will than to exercise their Understanding and to execute a causless and unprofitable Revenge than to arrive at a just Payment It was three or four Months time that had lapsed from the Ninth of March before the greatest part of our Creditors had Signed but the other continued Refractory so long until many of our Correspondents both at home and abroad in Forreign parts took advantage thereby to delay and some to imbezel what they had in their hands besides the badness of Trade and the general Poverty which made all Men less solvent We therefore that the Estate might no longer lie as a Waif and Stray and in right not only of our selves and the subscribing Creditors but even to those who neglected and opposed their own and the common Interest took up a Resolution whatsoever were the hazard to encounter it and commit our selves to the Discretion of Mankind under God's Providence Accordingly we undertook the management but no sooner were we engaged than we found our selves beset surrounded by those that had stood out against the Agreement and who thought it doubtless an honest but however a wise Design for them to be their own Carvers out of the whole Estate now that the rest had bound themselves up to expect the times and proportions of Payment Our first Welcom and our constant Entertainment since was by Threats endeavouring Statutes of Banquerupt Arrests three or four Arrests sometimes and as many several Declarations for the same sum of Moneys Attatchments Volumns of Menacing Letters with a multitude of other Affronts and Unkindnesses too long here to enumerate It is not indeed to be described the Misery and Importunity we again lived under If as it was in this Case our Duty we defended the Estate against them it was so at a great and constant Expence being liable to pay their Charges besides the Principal and Interest which we were forced to tear out of the whole Cloth and to spoil the whole just Distribution in order to satisfie their particular Concern Now to supply this continual Flame with Fewel we cut off the most fruitful Branches and grabbled up the very Roots of our most profitable Trades for there was no doing the one without the other yet here also they way-laid and strove to prevent us One of our Company having several weeks before published a Journey for Ireland and left all things here in good Order while he went over to gather in Debts and dispose of that Manufacture because it was most ready at hand of the greatest improvement and raised the more undeserved Envy and clamour was Arrested at the Sea side and Imprisoned with all the spightful circumstances that could be contrived For in all these things it seem'd their business was not more to enforce Satisfaction to themselves than to render it impossible for others not being contented to reap unless they trampled all down and made havock The Sums which by this hardship they extorted from us were very great in themselves but in the Consequence much greater and more intolerable For hereby we were disabled from taking any certain Measures of our Time or the Estate nor could by the Improvement of one Trade ballance the Diminution in another but were forc'd to snatch at every thing wheresoever we could wrap or rend to be devoured by them And others in their capacity but who were more disposed to Expectation and Forbearance were induced by their Example and with more ground of Reason and Necessity lest nothing should be left to strike in with them for their Parts and joyn in the Oppression What was thus occasioned by Consequence was how●er more innocent in them and though much yet 〈◊〉 prejudicial to us than what they did by Design 〈◊〉 upon set-purpose For every Success they had against us seeming to ●m as a Conquest they were not satisfied to enjoy 〈◊〉 fruits of their Victory unless they proclaimed them 〈◊〉 abroad and in all places published the Particulars ●ey advised others by Letters and in their daily dis●urses egged them on to prosecute us instructing ●m moreover how to do it in the most effectual ●nner Nay it was come to that at last such hap●●●ess did some of them take in rendring us miserable ●t where they met