"MY DEAR M'MAHON,
"Thursday evening.
"I have thoroughly considered and reconsidered the subject we talked upon today. Nothing on earth shall make me risk the possibility of the Prince's goodness to me furnishing an opportunity for a single scurrilous fool's presuming to hint even that he had, in the slightest manner, departed from the slightest engagement. The Prince's right, in point of law and justice, on the present occasion to recall the appointment given, I hold to be incontestible; but, believe me, I am right in the proposition I took the liberty of submitting to His Royal Highness, and which (so far is he from wishing to hurt General Lake,) he graciously approved. But understand me,—my meaning is to give I up the emoluments of the situation to General Lake, holding the situation at the Prince's pleasure, and abiding by an arbitrated estimate of General Lake's claim, supposing His Royal Highness had appointed him; in other words, to value his interest in the appointment as if he had it, and to pay him for it or resign to him.
"With the Prince's permission I should be glad to meet Mr. Warwick Lake, and I am confident that no two men of common sense and good intentions can fail, in ten minutes, to arrange it so as to meet the Prince's wishes, and not to leave the shadow of a pretence for envious malignity to whisper a word against his decision.
"Yours ever,
"R. B. SHERIDAN.
"I write in great haste—going to A——."
The other Paper that I shall give, as throwing light on the transaction, is a rough and unfinished sketch by Sheridan of a statement, intended to be transmitted to General Lake, containing the particulars of both Grants, and the documents connected with them:—
"DEAR GENERAL,
"I am commanded by the Prince of Wales to transmit to you a correct Statement of a transaction in which your name is so much implicated, and in which his feelings have been greatly wounded from a quarter, I am commanded to say, whence he did not expect such conduct.