"New York, Sep. 8, 1846.
"6 ½ O'clk. P.M.
"Dear Tilden,—The long agony is over—the Morning News is dead—dead; no time to say more.
"Truly y'rs,
"Clement Guion."
The public interest in the history of the Morning News, of which Mr. Tilden and John L. O'Sullivan were joint proprietors, may be said to have terminated with the execution of the document of which the following is a draft, found among Mr. Tilden's papers.
CONDITIONS ON WHICH TILDEN RETIRED FROM THE "MORNING NEWS"
"S. J. T. retires—surrenders all his interest—is indemnified against its outstanding liabilities.
"J. L. O'S. and H. G. L. (H. G. Langley) rearrange their proportion of ownership. Hereafter to own equally. The difference of capital to be equalled by credits to H. G. L., the necessary amount on his advances, existing or prospective.
"H. G. L. contracts to devote himself faithfully to the business and interests of the paper—to conduct with the utmost energy and fidelity the procuring of advertisers.
"Failing to do this, he is to retire, giving O'S. all reasonable facility to substitute some other persons on reasonable terms of sale. All disputes and differences of opinion as to these stipulations to be left to the decision of——"