Joshua Phipps, 1776 Virginia Bond

We’re grateful for yet another Virginia document, transcribed from a copy sent by the webmaster of the “A Witcher Genealogy” site. This one is a bond involving Joshua Phipps of Botetourt County, dated 23 March 1776, and witnessed by William Preston. Joshua Phipps was bound to Edward Johnson in the amount of £58, 9 shillings, 2 pence.

This was presumably a military record. Edward Johnson was a merchant. Johnson wrote to Col. William Preston on another occasion, 10 August 1778, regarding a couple wagonloads of supplies for an Indian expedition.

The wording of the bond sounds as though Joshua Phipps paid for supplies and was reimbursed by Col. William Preston. Perhaps that might be clearer if we could examine the “small book covered with buck skin” referred to in notations on the document.

William Preston, a major figure in Virginia history, presumably had a close relationship with Joshua Phipps. In 1775, he bought land from Joshua and Hester Phipps and sold land to Joshua. He bought more land from Joshua in 1776. This is discussed in Richard Osborn, “William Preston and the Revolutionary Settlement,” Journal of Backcountry Studies, 2010.

KNOW all Men, by these Presents, that I Joshua Phipps of Botetourt County am held and firmly bound unto Edwd. Johnson in the just and full Sum of fifty eight pounds Nine Shillings & two pence Currt. [i.e. current] money of Virginia to be paid unto the said Johnson his certain Attorney, his Heirs, Executors, Administrators, or Assigns; to which Payent [sic; payment], well and truly to be made, I bind myself my Heirs, Executors, and Administrators, firmly by these Presents. Sealed with my Seal, and dated this twenty third Day of March ANNO DOM. One Thousand Seven Hundred and Seventy Six

THE Condition of the above Obligation is such, that if the above bound Joshua Phipps do and shall well and truly pay, or cause to be paid, unto the said Edwd. Johnson his certain Attorney, his Executors, Administrators, or Assigns, the just sum of Twenty nine pounds four Shillings and Seven pence like money on dem [i.e. demand, presumably] and with lawful Interest from the date till paid then the above Obligation to be void, or else to remain in full Force and Virtue.

[signed:]Joshua Phipps (Seal)

Sealed and Delivered
in the Presence of [signed:]
Wm. Preston

[back of same, document label notation on area visible when folded:]

Joshua Phipps
Bond to Mr. Johnson
£29.4.7
pd. by Wm. Preston
and Settled with
Phipps Acct in
the small book
covered with buck
skin page (er)
[J. P.?]

The rest of the page contains financial notations concerning principal, interest, and “Cash pd. [?] by Wm. Preston,” with dates in 1776 and 1777. Interest covered the period from 23 March 1776 to 2 July 1777.

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