Aug 4, [1927?] From:        To:        
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Law Offices
Darrow, Smith, Cronson & Smith

Clarence Darrow
William W. Smith
Berthold A. Cronson
Milton D. Smith
William L. Carlin

Chicago Temple Building
77 W. Washington Street
Telephone Central 4151

Aug 4th

Dear Paul

     The other two bonds were loaned to Fred Hamerstrom 5 Woodside road Winchester Mass.  I think he has them hypothecated with a bank & very likely can not get them out without the amount is payed.  You had better write to Fred about it and find out the situation and fix it so that you can get them when you need them.  Fred as you know is thoroughly honest and a good  business fellow but has been damned on luck.  Your letter just caught me as I was leaving.