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Oct 4, [1929] From:        To:        
 
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Hotel Metropole
London, W. C. 2.

Gerrard  8121.

Oct 4th

Dear Paul.

     Yesterday I received your letter of Sept 30th indicating that you had sold some stuff and would sell more.  I am hoping that you burned the safes after my second cable.  I noted the slump yesterday & cabled you this morning to use all or any part of the stuff you have that is in my name in your safety deposit vault.  I want you to do this, probably some of mine should be sold rather than some of yours.  I have no confidence in the market.  It has been going up for several years and every body is crazy and most of them will lose their money.  No doubt many of your bonds will not fall much, but I know you have a considerable amount of steady stuff.  You should owe very little in these times and I presume you realize it now, so far as I am concerned, my stuff has not  
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gone down very much.  Including about $60 000, that Ruby has I have at this price what amounts to 225. to $240 000, worth, and we can save something out of it all so we will be all right.  One trouble with people is that they cant realize that things are going to pieces and instead of selling xxx enough to be perfectly safe they sell a little at a time in a falling market[.]  xxx  There cant be any doubt about the thing.  I think it will be at least a year before it stops going down so I hope you will clean up thoroughly then there will be no more worry.  I feel as if I should go back home but unless you wire me I probably wont be there before Dec 1st.

Hastily

C.S.D.
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Paul  Darrow
111 W. Jackson Boul
Chicago
Ill                                                      
U. S. A.

Amalgamated Bank
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Hotel Metropole
London, W. C. 2.