Merchants and factors on the colonial side often extended liberal credit to secure rights to ship the planters' tobacco to their correspondents in London or Glasgow (which often offered better rates).
[6][7] Moreover, records ultimately showed that, of the lawyers, judges and sureties consenting to Pendleton and his co-executors being appointed, only Baylor Walker owed the Speaker no money at the time of his death.
[9] Pendleton was one of few Virginia lawyers in this era (during which the legislature established strict attorney fee schedules) to become wealthy, and he became a respected judge after statehood.
During Pendleton's debt collection efforts, Byrd stopped attempting to restrict settlement near his family's long-established trading post and six plantations near the falls of the James River.
After months of advertising lot sales proved unsuccessful, in November 1768, Byrd held a lottery at Williamsburg and sold off land known as Shockoe that became the core of Richmond's business district.
Chiswell had discovered the outcroppings circa 1756, and Byrd established a fort during the French and Indian war to protect that area, but it had not been developed before Robinson's death.
[16] During and after the Revolutionary War, Pendleton allowed certain debtor beneficiaries to repay in depreciated currency, which led to a famous legal decision by George Wythe.
In 'Page v. Pendleton,'[17] Wythe upheld the British debt repayment provision of the 1783 federal peace treaty over Virginia state law which allowed payment in such currency.