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Dec 21, [1929] From:        To:        
 
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Hotel Majestic
Cannes

Dec. 21st  

Dear Paul

     The market seems to be steadily going down and it may put you into trouble.  You can just as well sell what I have at Noyes and use it if it will help you ? also some of the bonds that you bought last.  And for that matter any thing I have.  Ruby will still have the bank stock ? about 250 Pa & 150 Share of Indiana.  I was glad that you got some money from Greeley & the Amalgamated and hope you may get some more from there, or elsewhere.  It is too easy to catch one with what you owe.  I dont believe that the markets will go up for along time.  Things are high and I would guess that the people in America are very discouraged and [earnings ?] are falling off.  Keep this in mind when you think of buying.  I think you had better not buy any more for me.  We may need all the money later.  I shall probably be back early in March.  Wish I was there now.  Still this is a beautiful spot and the weather is warm and the Sea and the Mountains are fine.

C.S.D.

Be sure and get my time extended for filing tax return ? also Ruby?s.  I make a separate one for her which saves quite a bit[.]
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Cannes

                    
Mr. Paul Darrow
111 W. Jackson Boul?d
Amalgamated Bank                                                          
Chicago
Illinois U.S.A.
                                                      
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Hotel Majestic                                
Cannes