Blaney Parnell seeks to collect his share of the profits realized in his business partnership with James B. Parnell and Carma Parnell. Blaney represents that, in 1839, he entered into a partnership with James to build and operate a saw mill. The two partners agreed to share expenses in the erection of the mill, creation of the dam, and purchase of the materials, and to provide slaves in equal share for both the construction and operation phases of the project. They also agreed to divide the business management responsibilities equally. Before the contract was signed, James brought Carma Parnell into the business as a third partner. The mill was erected, and the business became successful. James collected the profits and paid the expenses from the joint accounts. In 1843, Blaney’s share of the profits for a period of three years amounted to $468. James settled with him at that time, but charged him $68 for not having contributed equally to the running of the business. Since 1846, there has been no settlement. In addition, a grist mill was erected and started operation in 1842, and Blaney has received no profits from that part of the operation either. In fact, James has wholly refused to settle. Blaney therefore prays that the Parnells be compelled to answer the premises of his suit, to give an account of the business, and to pay him what he is owed from the proceeds.
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Repository: South Carolina Department of Archives and History, Columbia, South Carolina
