"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. "6. The business machinery to be managed by a Chief Clerk (Guion), at a salary of $--, and 1/10 of profits. "7. The estimate of profits of the concern to be made after the allowance of editorial salaries. S. J. T. and J. L. O'S. to be entitled to draw a sum not exceeding $30 a week apiece, for editorial labor and time. Each to do this at his own discretion, and according to his own estimate of a reasonable compensation for his labor and time. If hereafter, from regard to health or other cause, either should desire to withdraw for longer or shorter period from active participation in editorial charge, the other remaining in charge to be entitled to an editorial salary of $2500 per annum. In case of death of either, the other to inherit his share, subject to an annuity for ten years, according to direction of the deceased, amounting to one-third of that portion of the general profits which would otherwise have been divisible between the two--the salary of $2500 in that case being allowed to survivor for editorship. "No other points now occur to me requiring provision. "J. L. O'S. "It is possible that Mr. Waterbury may desire to have some connection with the paper, which will be in that case perfectly agreeable to me. The amount to be allowed him for his services in it, in that event, whether in the form of a certain proportion of profits, or part salary and part proportion of profits, I leave to be fixed by you. I should like also myself to employ my brother in it, if as clerk and general aid his services should appear desirable, his compensation being fixed between us, ranging above a certain small minimum, according to his services and the ability of the concern. "J. L. O'S." TILDEN TO---- "NEW YORK, _April 25_, _1844_. "MY DEAR SIR,--I returned three days since, and have been trying to get an opportunity to write to you without success until now. The prospect of overcoming the pecuniary obstacle appears favorable. A few days will decide the question, when I will write to you more particularly.