Aug 23, [1911] From:        To:     
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The Owl
San Francisco    Los Angeles
Southern Pacific

Aug 23rd

Dear Paul

     Your letter came today & I was glad you wrote so fully.  I am going up to San Francisco this evening & to send this line on train.  I presume in a short time  I will send you the money for the mortgage unless Mrs.[Sokesfs ?] takes all or a part.  I wont buy any thing here.  I think you are right interest is about the safest game.  Guess in a short
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while I may take it.  I was figuring more on Jacobs but he left rather unexpectedly so I will cut it out.  Is he all right?  I am sure he would always help us on any thing.  I am  glad to get a full report & suppose we have no right to [?] but I would xxx rather have you where the chances are better there [?] not much growth in the business there.  I still think that through your relations with Connelly, & the help of Baeker [?] [?] some sort of a deal could be made.  Suppose for instance a long lease at $500? a month or thereabouts  with a? contract [secured?] that they take it in 10 yrs at 75000? or 100 000 above bonds or some scheme? Any how it would save from 500 to 1000? a month  to operate the two together.  Try a talk with Conally & see if it can be figured out.  I am not working
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very hard, the fact is I dont see much to be done? I never was in better health & all things considered am having a good time.  When I get through with this I can take a vacation.  I wont need any money out of the gas Co. for at least two years from now & will not be obliged to have it then.  Still I want to it to do well & of course no more should be put in than is necessary.