Letters and Literary Memorials of Samuel J. Tilden, v. 1

by Samuel J. Tilden

O'SULLIVAN'S PLAN AND ESTIMATE IN REGARD TO THE "MORNING NEWS."

"July 13, 1844.

"Outline of plan of arrangement for the paper between S. J. Tilden and J. L. O'S.—proposed by me.

"J. L. O'S.

"1. The entire concern to be owned in equal halves by S. J. T. and J. L. O'S.

"2. Any disagreement of opinion ever arising, if requiring a decision, and irreconcilable by discussion, to be determined by reference to B. F. B. or some other friend, unprejudiced in the matter.

"3. In case of either party ever desiring to withdraw, the other to have the refusal of the purchase of his interest, on equal terms with those offered by any one side, or of any portion of the same at proportional rate.

"4. In case of failure of the enterprise and both desiring to give it up, the materials purchased to be vested in trust in (query—the Chairman of the Gen. Committee—or Young Men's Gen. Committee?—or B. F. B.?)—for the benefit of the Democratic Party. This is to be determined within six months. If one desires to give it up and the other does not, at the end of six months, or before, the whole property then to become absolute in the one remaining.

"5. Neither to place the firm under any debt or obligation without the consent of the other.