The depositions of William Reid and others begun to be taken before me, Harrison Robertson, a Notary Public duly appointed and qualified, in and for the City of Norfolk, the office of Tazewell Taylor esq on Wednesday the 12th day of August AD 1846 between the hours of 9 a.m. and 7 p.m., pursuant to the notice here to and annexed, to be read in evidence on behalf of the defendant, William N. Ivy in a certain suit now pending in the Circuit Superior Court of Law and Chancery for the county of Norfolk, in which Thomas Williams is Plaintiff and the said William N. Ivy, and others, are defendants. The deponents being first solemnly sworn upon the Holy Evangelists of Almighty God severally, depose and say as follows: William Reid, being first duly sworn, deposeth and saith in answer to the interrogations propounded to him by the Counsel for the said defendant William N. Ivy.
Question by counsel for the said defendant. Please state all you know in reference to the transactions between the plaintiff and the defendant William N. Ivy.
Answer. I know that the plaintiff Williams and the defendant Ivy, together, borrowed $5000 from the Exchange Bank for which time I was their endorser. The object of that loan was this Mr. Williams was to purchase negroes and send them to Mr. Ivy in Louisiana. Mr. Williams received the nett amount of the note for $5000 discounted at the Bank, viz $4921 67/100 and paid for purchases, expenses, and interest $4192 15/100. This I know of my own knowledge, as I was chosen by the two gentlemen, Mr. Williams and Ivy to [illegible] the purchases here, and I was authorized by power of Attorney, to draw the money from Bank, which I did, and paid the whole amount to Mr. Williams. I know that the purchases were made by [Page] 1.