In relation to the account of Brownson, Donahue claims he is in bankruptcy and can make no preferences whatever. All must share alike. He is endeavoring to get his creditors to accept a composition of 20 per cent in settlement of their claims against him. Most of his creditors here have already signed to that effect. Donahue trusts his New York creditors will have no hesitation in signing also. It is the best he can do. If his assets were disposed of by forced sale his creditors would not realize 10 per cent of their claims. Donahue hopes Pustet will agree and that their future business relations will in a short time compensate for the loss sustained. Found among the Henry Brownson papers. :: III-3-a A.L.S. 2pp. 12mo.