In 1842, George and Sarah M. Walton borrowed eight hundred dollars from the Branch of the Bank of the State of Alabama at Mobile to rent a lot and house in Mobile, putting up as collateral two slaves, Sanders, in his mid-twenties and hired on the steamer Canebrake, and Louis about thirteen, hired on the steamer Favorite. The Waltons agreed to put the slaves in a trust, with Billups Gayle as trustee, and promised that if they did not make their installment payments, Billups could sell the slaves at public auction. When the Waltons defaulted, and Billups migrated to Texas, the bank foreclosed and is suing the Waltons and John H. Walker who "by some transfer or conveyance" has some "interest in said negroes."
Result: Granted.
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Repository: University of South Alabama Archives, Mobile, Alabama
