Thursday, October 1, 2015

Business Partnership - 1816

I haven't found very many original business agreements while researching in western Kentucky so the one below is a treasure. The parties to this agreement were prominent citizens of Caldwell County. This document can be found in loose papers marked Agreements in the county clerk's office.

"Articles of Partnership made and entered into this the 10 Feby 1819 Between Edward C. Bearden and Moses Clayton both of the County of Caldwell and state of Kentucky  Witnesseth that the said Bearden and Clayton have this day entered into partnership in the mercantile business under the firm of Bearden & Clayton, to continue two years (unless sooner disolved by Mutual Consent) the said Bearden & Clayton are equally interested in the goods Purchased of Peter R. Garrett as well as any purchases which may hereafter be made  Also equally bound for all debts which the Concern may Owe to be equally Interested in the profits  Also in all losses which may Occur, the advances made by both Parties are to be Equal the expences to be equally divided and Neither Party shall draw from the firm more than three hundred Dollars for their Own use for the true Performance of which the parties bind themselves in the penal sum of Five Thousand Dollars.  Witness Our hands and seals the day and date above written.   [signed] E.C. Bearden, Moris (X his mark) Clayton. Witness: William C. Haydon, Geo. P. Bowser."

 Published 1 October 2015, Western Kentucky Genealogy Blog,

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