A statement of the causes of the petitioners insolvency
and of the extent of his losses.
The petitioner was informed by his father the late Wm Roberts that he had left him about two thirds of his landed estate and was told by him that whatever improvements he put upon a certain part of it would be for his own benefit. Encouraged by this information, he expended a large sum of money in putting up a large dwelling house and other improvements on that part of his fathers land which he was thus induced to suppose would belong to him at the death of his father. The expense of these improvements was more than $5000.
He afterwards borrowed to pay a debt of his father, $1200, which his father was to secure to him, but died without doing it.
He lost by his son Stephen a large sum of money which he had advanced to him, and he became security for other services [?]. The amount advanced, and which became security for which he became security for his said son Stephen exceeded $4500.
His son Stephen absconded in 1842 leaving almost no means behind him to pay his debts. Alarmed at this, this petitioner made the assignment already spoken of.
By the will of his father about two thirds of the real estate owned by him was devised to the petitioner on condition of his granting and conveying to his brother John, a tract about fifty acres lying contiguous. At the time of his assignment, the title to John had not been perfected, and an arrangement which was attempted for perfecting it failed. In consequence of this failure the part of the real estate designated by the will of his father for this petitioner went to John, and your petitioner in consequence thereof lost the value of the principal part of his improvements above mentioned, and the whole difference in value between the two tracts of land which in his judgement was not less than $2000, independantly of the buildings.
Petitioner paid for his father to Wm Thomas $800, to Benjamin Funk $1400, and to Enos Painter $500, which was never repaid or secured
|