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Reports of Cases in the High Court of Chancery of Maryland 1846-1854
Volume 200, Volume 3, Page 84   View pdf image (33K)
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84 HIGH COURT OF CHANCERY.
Company. The partnership was to continue for five years,
unless dissolved at an earlier period, as specified in the arti-
cles; and of the capital of $20,000, Alonzo Lilly & Company
were to put in $15,000 and the defendant $5,000, in the sums
and at the periods in that respect provided for. The firm
commenced the transaction of business accordingly, and the
interest of John C. Baldwin, one of the persons composing the
firm of Alonzo Lilly & Company, having been purchased by
said Lilly, and the said Lilly and Kroesen having purchased
the interest of Royal T. Church, another of said parties, the
entire interest in the firm of Josiah Kroesen and Company,
became vested in the said Kroesen and Lilly.
The partnership of Kroesen & Company, which, when
formed, consisted of four parties, was thus reduced to two, and
on the 1st of January, 1839, was dissolved by written agree-
ment, dated on that day: the agreement of dissolution, of
which the following ia a copy, being written on the same paper
upon which the articles themselves were written.
"BALTIMORE, 1st of January, 1839.
"Alonzo Lilly having purchased of John C. Baldwin his
entire interest in the firm of Josiah Kroesen & Co., and Alonzo
Lilly and Josiah Kroesen having purchased of Royal T. Church,
for the sum of $2,080, payable 1st and 4th of September
next, his entire interest in said firm, two-thirds or which, say
$1,386 67, is charged to A. Lilly, and one-third, or $693 33,
to J. Kroesen, and J. Kroesen having taken the stock of goods
now on hand, which cost, as per inventory No. 6, $21,880, at
the even sum of $20,000, fifteen thousand dollars of which is
debited to Alonzo Lilly, and five thousand dollars to Josiah
Kroesen on the books of the concern, which amounts are to
settle the amounts originally put in by Alonzo Lilly & Com-
pany (whose account is now closed by A. Lilly and J. Kroe-
sen), as the capital of the concern: It is hereby agreed, that
the firm be this day dissolved, and that Josiah Kroesen shall
go on to wind up the business thereof, in the order following:
te wit, the amount now standing to the debit ($943 03) and

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Reports of Cases in the High Court of Chancery of Maryland 1846-1854
Volume 200, Volume 3, Page 84   View pdf image (33K)
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