Nov 23, [?] From:        To:     
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Darrow, Sissman, Popham & Carlin
1310, 140 N. Dearborn St.

Clarence S. Darrow
Peter Sissman
George M. Popham
Victor S. Yarros
William L. Carlin

Central 925

Nov 23rd

Dear Paul

     Yours just received[.]  When I took up Brazilian Traction & Anaconda I sold the American T & T at 103.  I now have  

100??U.P. Comm-??124?
100??Rock Island Pref B-??71
100??C. & N.W. Common-??69
100??Soo Line ? Common-??68
100??Brazilian Traction-??25

I owe $12.000

Leaving Equity of 28 200.

     I have been thinking of the same thing.  Dont want to owe more than 50%[.]  Rather think your Chilli bonds are about as high as they will get for a while.  I hope to pay 1000? more next month and expect to pay at  least $1000? in [Jan ?] [.]  Am promising to take up $500? a month of the bonds Lutz has & have taken over.  Also have $500. bond of N. Dakota  [?]  other stuff not good for collateral at the bank[.]
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Sorry to hear about Blanche, but we have hope she ought to be able to pull out all right.  The Oct. report was very good and I am in hopes things will soon be better there.  I wonder what has become of your hearing before the commission[.]  
    Glad you saw Francis[.]  Dont suppose there is a chance for him now, but there may be sometime.

Love to all


Write me what stocks you are thinking about[.]  Havent seen any reports of the Soo Line but it is owned by Canada Pacific & ought to be good[.]  It is paying 02% & about the lowest on the [?]. bought it for 67