Bond from Horace Hotchkiss, 12 August 1839–B
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Source Note
, Bond for Property in , IL, to , JS, and , 12 Aug. 1839. Featured version copied 4 Sept. 1839 in Hancock County Deed Record, 1817–1917, vol. 12 G, pp. 299–300; unidentified handwriting. Includes cancellation notation. For more complete source information, see the source note for Bond from Horace Hotchkiss, 12 Aug. 1839–A.
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Historical Introduction
On 12 August 1839, produced a bond outlining the sale of 89½ acres in the vicinity of , Illinois, to JS, , and . This bond is one of two that Hotchkiss prepared that day to formalize land transactions with the . The bond featured here was for land that Hotchkiss had arranged to purchase from but had not yet paid for. Hotchkiss agreed that JS and his could buy the land, which he held a claim to, if they paid both him and White. In connection with this bond, the First Presidency signed three promissory notes totaling $3,500. Two of the notes were for $1,250 each—one due in five years and another due in ten years—and were given to Hotchkiss. The third note—for $1,000—was signed by the three men and given to White. No due date was specified for this note, but a receipt that White made indicates the note was paid by April 1840, and White gave the First Presidency a deed for the specified land several months later. The two notes given to Hotchkiss were renegotiated on 23 October 1840, with JS and his counselors providing Hotchkiss a new promissory note for $2,500 due in eight months. Because White had been paid and Hotchkiss’s notes were renegotiated, the bond was officially canceled on 23 October 1840.
Footnotes
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1
For information on the other bond, which involved land that Hotchkiss, John Gillet, and Smith Tuttle owned jointly, see Bond from Horace Hotchkiss, 12 Aug. 1839–A.
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2
William White, Receipt, Commerce, IL, to JS, 23 Apr. 1840, JS Receipts and Accounts, CHL. Hotchkiss did not have the title to the land because he had not yet paid White. The bond featured here required the First Presidency to pay White as well as Hotchkiss in order to receive the title to the land.
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4
William White, Receipt, Commerce, IL, to JS, 23 Apr. 1840, JS Receipts and Accounts, CHL.
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5
See JS et al., Promissory Note, Nauvoo, IL, to Horace Hotchkiss, 23 Oct. 1840, JS Collection, CHL.
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6
A bond was canceled when the terms were fulfilled or when the parties involved agreed to terminate it. In the case of the bond featured here, the payments had been made or arranged and Hotchkiss provided JS and his counselors with a deed indicating fulfillment of the agreement with White and Hotchkiss.
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