Excerpt from In the Circuit Court of Winnebago County, in Chancery: Elisha S. Wadsworth, Vs; Francis B. Cooley, John V. Farwell, Et Al;, Defendants; Argument of C. M. Hawley, Esq., On the Hearing in Behalf of the Defendants

Farwell Co., expiring on the first day of February next, by limitation, and whereas, there was on hand on the ninth day of January, in merchandise, one hundred and sixty-cne thousand and forty-one $090 dollars, at invoice price, as part of the assets of said firms, and whereas, E. S. Wadsworth has largely over drawn his account, and has furthermore received the notes of said firm for ten thousand dollars, New, therefore, in considera tion of the premises hereinbefore stated, it is hereby agreed by and between the parties aforesaid, that the said stock of goods, amounting as aforesaid, to shall be charged to the account of the said Cooley and Farwell, at invoice price, at the date of said invoice, and the said E. S. Wadsworth hereby sells, transfers and delivers all his interest in said stock of goods and all profits made on sales from the date of invoice to the first day of February, to the said F. B. Cooley and John V. Farwell, in consideration of the premises aforesaid, and nothing further is to be drawn from the assets of the aforesaid firm, or of the firm of Cooley, Wadsworth 85 Co., until the copartnership debts of Cooley, Farewell Co. Are fully paid, after which the remaining assets of both firms shall be divided; pro rata, according to the amounts due to each.

The profits of each member of the aforesaid firm of Cooley, Farwell 83 Co., being determined by the sale of the stock as before stated, and as shown by the profit and loss account, all expenses of closing the business of said firm will be paid from the assets left in the hands of Cooley and Farwell for that pur pose, who alone are authorized to sign the firm name in liqui dation of its business, for which purpose the said E. S. Wads worth agrees to give each of them a power of attorney to exe cute all papers necessary in the disposal of any property, real or personal, that may be acquired or is now on hand as assets of said firms.

Witness our hands and seals the day and year first above written.

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