Documentary Journal of Indiana 1842

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B. Palmer, Esq., Examining Agent, 1S42.
1. I know of no wilful violation. Some departures may have in- advertently occurred.
2. It was done on such paper, as, at the time, was believed to be safe paper, and prudent to do it.
3. I cannot distinguish, precisely, between maturity paper and ac- commodation paper, as much of ihe paper has changed its character since the discount was granted ; 60, 90, & 120 days, is the most com- mon time for notes to run.
4. The suspended debt is $79,730 37 ; I supp
...ose $3,653 to be desperate ; secured by mortgage, $3,749 . Dv personal security, $72,328; in suit, ,$21,344. We call all debts due and unpaid, sus- pended, and is caused by a failure to pay the call, interest, or want of additional security.
5. We have no debt called the deferred debt. There are some notes taken at longer periods than common in the arrangement of debts.
6. There are some notes on the discount line that have been renewed sometimes without any curtailment. I cannot give the particular notes, as some are renewed at one time, and the next time a payment.


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