By United States. Coast Guard. District, 17th.; Alaska. Office of Statewide Cultural Programs
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This booklet is a facsimile reprint and should include imperfections similar to marks, notations, marginalia and improper pages.
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Therefore, it would be possible for a creditor to obtain credit for the next year even though he was unable to pay everything. Financial Framework 21 This practice varied from the standard form of bankruptcy where all creditors received a percentage of their debt from the assets of the creditor. The more lenient rule made it possible for a winterer, who had the misfortune to lose everything, to obtain a full outfit on credit based on the merchant's confidence in the creditor's ability to deal profitably with the Indians, and on the assurance of priority repayment, regardless of any other outstanding debts.
The smugglers anchored their ships at Sandy Hook outside of the New York harbor and transferred the cargo to small boats that landed in Newport, Providence, Stanford, or Norwalk. The ship then entered the New York harbor empty or went to a Connecticut port. 53 If a ship captain could obtain a single French prisoner of war eligible to return to France, he would be able to take a cargo of American lumber and foodstuffs to the French West Indies where he would pick up a cargo of molasses under a flag of truce.
18. , 128-29. 19. Erick Eyck, Pitt versus Fox, Father and Son (London: G. , 1950), 136; Gipson, The Coming of the Revolution, 47. 20. M. Jensen, The Founding of a Nation, 60; Tucker, The Fall of the First British Empire, 87. 21. Charles H. Wilson, Anglo-Dutch Commerce and Finance in the Eighteenth Century (Cambridge: The Cambridge University Press, 1966), 167-69. 22. Collins and Govet to Baynton and Wharton, February 23 and March 16, 1763, Baynton, Wharton & Morgan (BWM) Papers, Microfilm F2, original in Pennsylvania Historical Commission; Baynton, Wharton & Morgan Journal A, July 12, 1763, BWM Microfilm Roll F7.