"NEW YORK, _Nov. 22, 1850_.
"Whereas, I have this day drawn a draft at three months on C. A. Secor
in favor of Messrs. Wright & Betts for about sixteen hundred and
fifty dollars, and the same has been accepted by said C. A. Secor, I
hereby authorize and request you to hold twenty shares given stock
in the Balance Dock Company (out of the forty-two shares of which
the certificate is in your hands, with my power of attorney to make
transfers of the same dated March 14, 1850), as security for the
payment of said draft; said twenty shares to be sold for payment of
same unless satisfactory provision for its payment be made by me within
one week prior to its maturity.
"_To S. J. Tilden, by_
"J. L. O'SULLIVAN."
"I hold a certificate of twenty shares of stock in the Balance Dock,
with a power of attorney from J. L. O'Sullivan in regard to the same,
which have been deposited with me by Messrs. O'S. and Secor, and I
accept the trust so far as the said papers may enable me to carry it
out.
"S. J. TILDEN."
"NEW YORK, _Nov. 22, 1850_."