He only requested that, whatever we might suppose from
anything that might occur afterwards, we should keep strictly to
ourselves that we were to be the publishers. The terms he was empowered
by the author to offer for it were:
1. The author to receive one-half of the profits of each edition; these
profits to be ascertained by deducting the paper and printing from the
proceeds of the book sold at sale price; the publishers to be at the
whole of the expense of advertising. 2. The property of the book to be
the publishers', who were to print such editions as they chose. 3. The
only condition upon which the author would agree to these terms is, that
the publisher should take L600 of John Ballantyne's stock, selected from
the list annexed, deducting 25 per cent, from the affixed sale prices.
4. If these terms are agreed to, the stock to the above amount to be
immediately delivered, and a bill granted at twelve months. 5. That in
the course of six or eight weeks, J.B. expected to be able to put into
my hands the first two volumes printed, and that if on perusal we did
not like the bargain, we should be at liberty to give it up.
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