Richard Steele: Edited, with an Introduction and Notes by G. A. AitkenSteele, Richard, Sir
General
Richard Steele: Edited, with an Introduction and Notes by G. A. Aitken
Steele, Richard, Sir
English drama (Comedy); Steele, Richard, Sir, 1672-1729
this receipt would screen him from any prejudice by signing the receipt
for £4000, and that if the £2500 were not paid to Steele, by virtue of
the said receipt for £2500, Steele would be entitled to an allowance
thereof out of the £4000. By agreement between Steele and Minshull the
assignment of the 31st January 1717 was then deposited in the hands
of Wilbraham as a common trustee between them, until the £2500 should
be paid to Steele and a proper defeasance executed by Minshull; and
until that was done no use was to be made of the assignment, and then
Steele's former assignment for £1500 was also to be delivered up to
him. And Steele requiring some further memorandum from Wilbraham of
such trust, Wilbraham wrote a short memorandum, acknowledging that he
had received the indenture of the 31st January, purporting a sale from
Steele to Minshull of the fifth part of the Letters Patent, scenes,
clothes, &c., and profits in consideration of £4000, which Deed was
deposited in his hands in order that in case Steele, his executors,
&c., should redeem the same within two years, the same should be
delivered up to be cancelled and destroyed; and this he promised to
do, unless the Deed were lost by fire or other unavoidable accident.
Wilbraham and Minshull witnessed this memorandum by affixing their
signatures; and Steele depended upon Minshull's Note, and Wilbraham's
memorandum, and Wilbraham's privity to and knowledge of the whole
affair, and the Deed being kept by Wilbraham, so that there should
be no prejudice to Steele, that the £2500 would have been paid, and
the former assignment delivered up; and he therefore then delivered
his counterpart and defeasance thereof to Minshull. And Minshull, or
Gery at his order, continued by virtue of the first assignment of
July 1716 to receive Steele's fifth part of the profits; but Minshull
never paid Steele the £2500, to the very great disappointment of
Steele, who, depending upon the same, was reduced to great straits,
and therefore desired Minshull would supply him with some part of it;
this Minshull agreed to do if Steele would consent that the agreement
in Wilbraham's hands should remain as security for such further sums as
Minshull should advance beyond the £1500 for which the first security
was given. Steele consented, being desirous that whatever money was
really advanced to him should be repaid with interest; and thereupon
Minshull supplied several sums and paid several sums for Steele; and
Gery received out of Steele's share of the profits £2398 16s. 10d.,
or some such sum; and Steele's share was received by Minshull, or his
order, Gery, for the years 1716 and 1717, to the amount of £1418.
Having paid to Minshull by one Mr. Paterson £400, Steele desired
Minshull, on or about the 22nd October, to state accounts with him,
which Minshull did, and notwithstanding the debt of Aston was included
in the first security for £1500, yet Minshull charged Steele with
the sum of £47 8s.
Public-domain text, read in full here on John Shaqi.
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