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The lost Quorn charity - 1774

Loughborough Advertiser - 7th November 1872

John Willows, by Will dated 5th day of September 1774, gave to Edward Farnham, his executors and administrators, the sum of £50 in trust, to place the same out at interest, and to apply the interest in the purchase of bread to be distributed annually on Christmas Day or the day before, to such poor housekeepers in Quorndon as the trustees should think proper.

It appears from several entries in one of the old parish account books, that the sum of £50 was in 1778 paid by the testators’ executor to the Rev William Farnham, Samuel Stevens, Rev Thomas Hudson, James Sculthorpe, Thomas Chapman and Ward Cock, at the nomination of several other inhabitants of the parish, and was then lent to Thomas Chapman, on the security of his bond, at interest at the rate of 5% per annum.

The principal sum was unpaid at the time of Thomas Chapman’s death, which happened upwards of thirty years ago, but interest for it at the rate aforesaid continued to be paid by his personal representative until about five years ago, when in consequence of the bankruptcy of the person who then represented the testator the payment of the interest ceased, and has not been since renewed, and as there were no assets of the bankrupt – this charity must be considered to be lost.

   
 Submitted on: 2012-09-23
 Submitted by: Kathryn Paterson
 Artefact ID: 1686
 Print: View artefact in printer-friendly page

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