In this manuscript letter Clyatt discusses in some depth the Social Reformer newspaper. He writes that he received "a great many letters of approval" and that he believes "[edition] number 3 is as perfect a newspaper as any published in London on that day" before detailing the distribution of the first three editions; explains of the caution felt by a Mr Hobson who "sold only one of [edition] No.2 and it is evident that he is afraid of promoting the sale lest he should impair the [sales of] New Moral World".
Detailed discussion of financial matters related to the Social Reformer follow, with Clyatt insisting that Owen must pay him the "remaining £50 to make up the £100 for the ten works [editions]" as has paid the printers for 4 weeks; explains the breakdown of costs incurred thus far.