Conspicuous among the merchant princes of that day were the brothers, Joseph and William Peace. They occupied a one-story frame building, perhaps 20x24, nearly opposite to W. C. and R. Tucker. The junior partner informed me many years ago that he had ordinarily purchased goods twice a year, always for cash, and always at ten per cent. discount, and that the advantage thus obtained over those who bought upon credit was the nucleus of the large estate he had realized. He was kind enough in October, 1822, as soon as I was able to travel, after recovering from severe illness, to drive me from Raleigh to the hospitable mansion of the late General Calvin Jones, the present site of Wake Forest College. On the way he related various incidents in his personal history, which interested me. Referring to the success of an eminent lawyer and statesman, as estimable in private as distinguished in public life, he stated that that gentleman, who was licensed to practice law during his minority, applied to him shortly thereafter for a suit of clothes upon credit; that he had always made it a rule to meet such requests with such prompt compliance as to impress the applicant with a grateful sense of the confidence reposed, or, with so blank a denial as to shield him from future annoyance. In this instance he admitted that he hesitated. The appearance and manner of the applicant impressed him most favorably, but he was very young as well as very needy, and the Captain had learned from previous experience that the young lawyer's prospects were a contingent remainder, which required a particular estate of freehold to support them. It afforded him great gratification to remember that his kind impulses prevailed, and that he cut off the goods with great seeming cheerfulness.