Name/Title
Bond Agreement of William Henry Pierson and Rachel PiersonEntry/Object ID
002899Tags
William Henry Pierson, Henry Pierson, Rachel PiersonScope and Content
1. The Original Bond Agreement
Date: June 30, 1819.
Parties involved: William Pierson of Bloomingrove, Orange County, New York, binds himself to Rachel Pierson of the same town.
The Penalty Sum: William acknowledges he is held and firmly bound to Rachel for $1,140.16.
The Condition of Obligation: The actual underlying debt to be repaid to void the bond is $570.08, due in one year with lawful interest.
Witnesses: Henry Pierson and Edward Ely.
2. Record of Payments
The reverse side of the document acts as a ledger tracking interest and principal payments over several decades:
Early Interest Receipts:
January 23, 1823: One year's interest.
April 2, 1824: One year's interest.
June 22, 1824: One year's interest.
June 16, 1826 ($154.48 Received): Paid on August 26, 1826, representing "one third of the book account of Henry Pierson against Mary Youngs, Sarah Pierson, and Rachel Pierson," noted on the day of Sarah Pierson’s death.
March 23, 1829 ($308.02 Received): Paid on August 26, 1829, representing "one half of the book account & receipts for money of Henry Pierson against Mary Youngs & Rachel Pierson," noted on the day of Mary Youngs’ death.
3. Final Settlement
October 27, 1838: A final note is added to the bottom of the front face, signed by Rachel Pierson ("R. Pierson"), acknowledging she has "Rec'd the balance due on the above bond from Henry Pierson."
