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Darrow, Sissman, Popham & Carlin
Lawyers
1310, 140 N. Dearborn St.
Chicago

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

Telephone
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??Anaconda-??45
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

C.S.D.

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