HIS LIFE, POEMS AND SPEECHES.
155
The trustees of the property decided that the Pilot should be kept intact, and accordingly disposed of it by sale to the Archbishop of Boston, and John Boyle O'Reilly. In announcing this transfer the Pilot made the further gratifying announcement:
"The Most Rev. Archbishop Williams and Mr. O'Reilly, the future proprietors, hope to be enabled to prevent this terrible loss from falling too heavily on the poor people. With continued success for the Pilot, the purchasers intend to pay the depositors every dollar on their books."
This voluntary obligation was carried out to the letter, the $73,000 being paid, in ten annual installments, to the depositors.
