Schofield & Rhodes account book

[Providence]: 1855-56. Folio, 25 manuscript pages in ink of accounts; stiff marbled paper wrappers; very good. An account book from the provisions business of Schofield & Rhodes in Providence. The business opened in 1855, at 118 Benefit Street with investments in foodstuffs and clothing from Thomas Harris Rhodes (1800-1876) and Albert G. Schofield (b. 1809). The account book shows items such as flour, sugar, tea, raisins, molasses, coffee, cotton sheeting, calico, etc. and the names of the purchasers. Albert Schofield was apparently the same business man and teacher who founded Schofield's Commercial College at 81 Westminster Street in Providence in 1846. His college was successful and lasted a number of years. Rhodes was a bank cashier at State Bank at the time the two went into business together. The business struggled early on since an accounting dated July 1, 1856, shows an overall loss of .45. They began with an investment of about $8000. The last three pages of the book are copies of promissory notes; " Providence, RI. March 1, 1856. $210. Sixty days from date for value received I promise to pay to the order of Scholfield & Rhodes Two Hundred and Ten Dollars at the Arcade Bank Providence. Ralph Stodard." Several dozen financial interactions are shown. Item #56215

Price: $200.00