& O.line, he declined my offer, protesting against the entire arrangements touching that line.
"Having done all I could and much more than I was bound to do for the benefit of those gentlemen, I shall not permit their jealousy to disturb me, but I am anxious to have them understand the exact position I am to occupy in relation to them.

I understood your purpose to be that they should share in the benefits of the extension, whether legally entitled to them or not, yet nothing has been paid over to them for sales since made.

All the receipts, except a portion of my commissions, have been paid out on account of expenses, and to secure an interest for you in the N.O.

& O.line." It is easy to understand that the Vails should have been somewhat suspicious when little or nothing in the way of cash was coming in to them, but they seem not to have realized that Morse and Kendall were in the same boat, and living more on hope than cash.

Mr.Kendall enlarges somewhat on this point in a letter of June 22, 1855:-- "Most heartily will I concur in a sale of all my interests in the Telegraph at any reasonable rate to such a company as you describe.