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Jany 4. 1866
Walton J.P.  
Contract

J.P. Walton Cr
By 1 mule valued at $80.00
By Cash $35.00

Transcription Notes:
That is not an "S" for "Sr", however, he is a "Sr". He had a son J. P. Walton, too. It looks just like the "C" in "Cash". It may stand for "Credit".