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This action is founded on the defendant's writing obligatory in substance as followeth:

  "  $305.  Twelve months after date We promise to pay 
  "  to the order of Tr [[overwritten]] P
     [[/overwritten]] Saunders guardian of Matt Clay 
  "  three hundred & five dollars -- [[subscript]] 100 
     [[/subscript]] for the hire of Isaac & family & Harry
     & family without defalcation for value received."
     (signed)
          "   F. A. M. Sherrod [[circled word "seal"]]
          "   I. G. Warren     [[circled word "seal"]]
          "   Jack Shackelford [[circled word "seal"]] 

Whereon are the following credits -- $163.74/100 also 
$70 82/100 20th Jany "44 --   Which said sum in said writing obligatory is long since due & unpaid -- other counts will be added -- No bail is required.

Peters & Hansell 
            P. Q.  

[[annotation in pencil at bottom of page]] 70.73 [[/annotation]]  

Transcription Notes:
There are references to Turner (Tr) Saunders and Matthew Clay on the other side of this document.