s always a heavy drain on my
income. My domestic duties made it impossible I could give any attention
to the business department, and I was glad, at the close of the first
year, to transfer a half interest to Mr. Riddle, who became equal
partner and co-editor. At the end of the second year he proposed to buy
my interest, unite the _Visiter_ with his weekly, and pay me a salary
for editing a page.
Had the proposal been made directly to me, I should have accepted at
once, but it was made through my brother-in-law, William Swisshelm, who
had been clerk and business manager of the _Visiter_ for eighteen
months. He advised me not to accept; said the paper was netting fifteen
hundred a year, and that if I would retain my interest he would purchase
Mr. Riddle's, get type, have all the work done in a separate
establishment, and make it a decided success.
I was afraid of this arrangement, but was anxious to keep up the paper
as a separate publication, and agreed on condition that he would assume
the entire financial responsibility, keep my interest at Mr. Riddle's
valuation, and leave me no further risk than my services. If there were
profits, we would share them; if none, I got no pay, as usual, but sunk
no money. To make the changes he desired, I loaned him money until I had
most of my small estate invested, and supposed the paper was prospering
until suddenly informed that the sheriff was about to sell it. We
transferred it to Mr. Riddle, with my services two years in advance, to
pay the debts, and I wrote for the New York _Tribune_, at five dollars a
column, to meet my personal expenses, as my income from my property was
gone.
I forget at what time the _Visiter_ was united to the weekly _Journal;_
but very soon after the presidential campaign of '52, I learned that my
late partner had endorsed several notes which were not likely to be paid
by the persons who gave them, and that one of these was already entered
as a lien against his interest in the family estate. We had had no
settlement, so I went to my lawyer, William M. Shinn, who said that the
entire interest of my debtor in his father's will was worth less than my
claim since his death, without heirs, before his mother transferred his
share to the other heirs. He advised me, if possible, to get a deed of
that share as the only security for which I could hope. I directed him
to prepare it, went immediately to the office, saw my late partner, and
told him that if he
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