"The subscriber having procured from the hands of his relatives the original MSS. of Mr. Ledyard now offers to the public of the United States an opportunity of gratifying their curiosity and at the same time paying a token of respect to the memory of Ledyard. Ledyard's travels will be compiled by P. Freneau from the original MSS. of the author, consisting of letters, journals, notes, etc., etc., and such documents as have appeared in print, both in America and Europe, particularly a work published by the British African Society, in whose service, with a view of exploring the interior of Africa, his last expedition was undertaken and terminated in his death at Cairo, in Egypt.
"One vol. at least 250 pages.
"A life of the author collected from authentic materials will be prefixed to the work, with some other preliminary matter."
Freneau evidently made some progress with the work, for on August 30, 1798, the following advertisement appeared in the Time Piece, as well as in the Charleston City Gazette:
"The interesting travels of John Ledyard, with a summary of his life, are now in the hands of the printer.
"It shall be printed on fine paper with new type ornamented with a full length portrait of the author in the attitude of taking leave on his departure for Africa. Page octavo, handsomely bound and lettered. Calculated to contain between 400 and 500 pages. $2 per volume."
The volume, whether from a failure to secure subscribers or other reasons, was never published.
The partnership of Freneau and Menut was dissolved September 13, 1797, and shortly after, the imprint of the paper was changed to read "Published by P. Freneau and M. L. Davis, No. 26 Moore Street, near Whitehall." On January 3, 1798, Freneau made a visit to Charleston, taking passage in the sloop Katy, and arriving after a rough voyage of thirty-one days. During the following month he was the guest of his brother, Peter, and in the words of his daughter, of "his many friends there, among whom were Charles Pinckney, Governor of South Carolina, Charles Cotesworth Pinckney, General Bull, Edge, and many others where he was as much at home as at his brother's." He embarked from Charleston March 7th and arrived in New York after a week's voyage.
The affairs of the Time Piece were in a critical condition. A part of the subscribers lived at a distance from New York and the expenses were large. Freneau was unwilling to run further risks, and a few days after his return from the South, he withdrew from the firm, having been editor of the paper just one year. He thereupon retired with his family to the little estate at Mount Pleasant, where he made his home for the rest of his life.