Name/Title
Legal Bond, Accounting between the Pierson'sEntry/Object ID
002870Tags
William Henry Pierson, Henry PiersonScope and Content
These documents detail financial obligations, estate settlements, and inheritance distributions among members of the Pierson family in Orange County, New York, spanning from 1819 to 1831.
1. The Financial Bond
Date: June 30, 1819
The Obligation: William Pierson of the Town of Bloomingrove, Orange County, New York, acknowledges he is "held and firmly bound" to Sarah Pierson.
The Penalty Sum: He binds himself for $1,178.82.
The Actual Condition: The bond dictates that it will become void if William pays Sarah (or her heirs) the actual sum of $589.41 plus lawful interest within one year of the date.
Witnesses & Execution: Signed by William Pierson, with Henry Pierson and Edward Ely acting as witnesses.
Later Settlement Note: A note added at the bottom, signed by R. W. Pierson, states that this bond was officially settled by Henry Pierson on October 27, 1831.
2. The Estate Settlement
Date: August 24, 1830
The Action: A formal settlement made by Henry Pierson and R. W. Pierson, acting as the Executors of the Will of Sarah Pierson (deceased).
The Legatees: The settlement distributes funds to the named legatees of Sarah Pierson, who include:
Silas G. Pierson
William Otis (on behalf of his wife)
Henry G. Wisner (acting as Attorney & Solicitor for Margaret Pierson, William Pierson, and Mary Seybolt)
Richard W. Pierson
The Payments: Each legatee was paid $25.00 by Henry Pierson. This amount, combined with Henry's own share as a legatee, represents the full fulfillment of interests that Mary Youngs (deceased) held at the time of her death under the attached bond.
Scope of Settlement: It also covers the full distribution of "one half of all the other property" of Sarah Pierson that had not been used by Mary Youngs during her lifetime. The document references Henry Pierson's account books regarding both the Sarah Pierson and Mary Youngs estates.
Summary of Key Individuals Mentioned
Sarah Pierson: The original holder of the 1819 financial bond; her subsequent will and estate are the basis for the 1830 distribution.
William Pierson: The debtor in the 1819 bond and later one of the estate legatees.
Henry Pierson & R. W. (Richard) Pierson: Executors of Sarah Pierson's will who managed the payouts and final settlement of the bond.
Mary Youngs: A deceased individual whose life interest in the property/bond dictated when the final estate distribution could occur.
