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."
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