
(Click on image to enlarge)
Image courtesy of Alice Flora Smedstad.
My transcription:

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The final amount looks like $111.26 on the page, but the figures add up to $111.64, as spelled out below. But the $111.26 error is repeated in the sideways notation.
There is only one new name here: P. Russel, the justice of the peace before whom J.V. Johns swore that this is a true account.
I believe that is Peyton Russel (or Russell): in 1837, he was elected justice of the peace for North Township, which at the time was one of only three townships comprising Lake County.[1] He spent only a short time in Lake County. Solon Robinson, writing in 1847, said: "[He] lived at Liverpool and like the town, has gone to parts unknown."
A native of Maryland born circa 1806 (1850 and 1860 censuses), Russel first shows up in the Indiana records in February 1836, in Elkhart County, where he married Susana (or Susan) Rooney (or Roney, or Raney). Later that year he arrived here: a Hobart-area merchant's daybook records him buying a bottle of "ague syrup" in October 1836:

(Click on image to enlarge)
Image courtesy of the Hobart Historical Society, Hobart, Indiana.
(The ague syrup was probably some concoction intended to treat malaria; whether it involved quinine is up for question. Also, that's likely Peyton on the opposite page buying — what, ammunition? But with only a first initial, we can't know for sure.)
This February 1837 entry, if I understand it correctly, records him paying $5 to have his wife delivered of a baby:

(Click on image to enlarge)
Image courtesy of the Hobart Historical Society, Hobart, Indiana.
The baby may have been his son, Byron Homer (or was it Homer Byron?).
The Russell family was not counted in Lake County in the census of 1840 because by then they had relocated to Wisconsin. Peyton and Susan spent the rest of their lives in Janesville, and both are buried there.
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[1] Lake County 1834-1872 at 51; Lake County 1929 at 46.

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