826

USING SLAVES AS COLLATERAL ON LOAN DOCUMENT

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USING SLAVES AS COLLATERAL ON LOAN DOCUMENT
<b>826. SLAVES AS COLLATERAL ON LOAN </b>An unusual legal document, 9pp. legal folio, [Austin], "<i>Supreme Court</i>", "<i>Term 1837</i>", concerning a case in which defendants M. Eroskins [?] and Thomas Kilson protests his being found guilty of non-payment of a loan secured by two slaves, and of being order to make payment with interest from the date of the agreement. In doing so, the defendants take the unusual step of admitting to not paying the original loan! They then argue that since the original bearer of the loan was now dead, and since they did not contract with the member of the estate who had presented the loan to the court, they should not be held accountable for restitution. The court holds in favor of the State, not surprisingly, and in fact almost implies that the sheer stupidity of the two defendants is grounds alone for their guilt! Fully intact, and still bound with the original white ribbon. In very clean, near fine condition. An intriguing example!<b>$100-150</b>