ACADEMY BANK STOCK.
$2093 Wm. Peace Esq.
Treasurer of the Raleigh Academy Sir,
Please to advance to Sherwd. Haywood, Esq. Agent of the Newbern Bank, as a part of a subscription for Shares of Stock in that Bank for the use of the Academy, Two Thousand and ninety three Dollars. July 1, 1815. Jo. Gales, Prest.
By Order
Wm. Hill, Secretary.
Sherd. Haywood's Rect. for Bank Stock
$4,500. pd. 3rd July 1815.
100. pd. by J. & W. Peace 3rd March 1816, it being money they pd. to the Trustees 3rd July 1815 towards 3 shares Stock in the
St. Bank purchased of them by sd. J. & W. P.
107. pd. by W. P.-------
72 pd. by do. Interest on the 6th. & 7th. instalments. 1593. pd. out of the funds appropriated for the purchase of Bank
--------- Stock.
$6,372
—From Pittman Papers.
ACADEMY BANK STOCK.
Board of Trustees of the Raleigh Academy
December 2nd 1815.
Resolved that the Treasurer of this Board have power to give such notes or obligations as may be required for the payment of the instalments yet due on ninety shares of Capital Stock in the Bank of Newbern subscribed for by the Trustees of the Raleigh Academy, and on which 50 per cent has been paid—And such notes or obligations shall bind the funds of this Corporation. Jo. Gales, Presi.
By order
Wm. Hill, Secry.
$900 By virtue of the authority given me by a Resolution of the Board of Trustees of the Raleigh Academy, of the 2nd. December last, I William Peace, as Treasurer of said Board, do hereby promise to pay, sixty days after the 19th day of June 1816, to the President and Directors of the Bank of Newbern, at their office of discount in Raleigh, the sum of Nine hundred dollars, with interest thereon from the 3rd. of July last—it being the eighth instalment for ninety shares of the Capital Stock of said Bank owned by the said Trustees. Witness my hand the 15th day of March A. D. 1816.
Wm. Peace, Treasr.
[Across face is written: "Satisfied 6th May 1816."]
$900
By virtue of the authority given me by a Resolution of the Board of Trustees of the Raleigh Academy, of the 2nd. December last, I William Peace, as Treasurer of said Board, do hereby promise to pay, Sixty days after the 30th day of October 1816, to the President and Directors of the Bank of Newbern, at their office of discount in Raleigh, the sum of Nine hundred dollars, with interest thereon from the 3rd. July last—it being the tenth instalment for ninety shares of the Capital Stock of said Bank owned by the said Trustees.
Witness my hand the 15 day of March 1816.
Wm. Peace Treasr.
[Across face of above is written: "Cancelled 2nd July 1817."]
$900
By virtue of the authority given me by a Resolution of the Board of Trustees of the Raleigh Academy, of the 2nd. December last, I William Peace, as Treasurer of said Board, do hereby promise to pay, Sixty days after the 27th day of August 1816, to the President & Directors of the Bank of Newbern, at their office of discount in Raleigh, the sum of Nine hundred dollars, with interest thereon from 3rd July last—it being the ninth instalment for ninety shares of the Capital Stock of the said Bank owned by the said Trustees.
Witness my hand the 15th day of March, 1816.
Wm. Peace Treasr.
[Across face of above is written: "Cancelled 2nd July, 1817."]
—From Pittman Papers.
ACADEMY BANK STOCK.
Raleigh Octr. 7th 1817.
By virtue of the power given, by a Resolution of the Board of Trustees of the Raleigh Academy, of the 27th Septr. last, I William Peace Treasr. of said Board of Trustees do promise to pay ninety days after date to the President & Directors of the State Bank of North Carolina the sum of Two Thousand Dollars, negotiable & payable at the said Bank, at Raleigh, for value recd. W. P. Treasr.
of the Board of Trustees of the Raleigh Academy.
[On back of this paper is written: "Copy of note to the State Bank."]
$6000 City of Raleigh 7th January 1818
By virtue of the authority given me by Resolutions of the Board of Trustees of the Raleigh Academy of the 28th June & 27th September 1817, I William Peace as Treasr. of said Board, do hereby promise to pay, six months after date, to the President and Directors of the Bank of Newborn, at their office of Discount in Raleigh, the sum of Six thousand dollars, for Value Received. Wm Peace Treasr.
of the Raleigh Academy.
[Written across face of above are these words: "Taken up by Renewal 7th Jany 1821"; and along left margin: "Secured by pledge of stock."]
—From Pittman Papers.
USE OF ACADEMY MONEY.
$1645.
Sixteen Hundred & forty five dollars taken of the Acady money for the use of J. & W. Peace to send to Fayette to change for U. S. notes 3rd Augt. 1818 W. P.
$164. In addition to the above taken of the Academy money—on
---------setting out to N. Y.
$1809.
19th Septr. 1818.
41. More taken for change. W. P.
$1850.
[Then follows memoranda showing return of the money at various times.]
—From Pittman Papers.
(Source: North Carolina Schools and Academies, 1790-1840, By Charles L. Coon 1914)
