Apr 12, [1931] From:        To:        
      Click on image to enlarge

Cable Address, Murahill
Telephone Lexington 2300

Murray Hill Hotel
Park Avenue, 40th to 41st Streets
New York

B.L.M. Bates,  Proprietor
G.T. Sandalls, Manager

April 12

Dear Paul

     Yours received.  I feel that stocks are all too low, I think we are all right and are satisfied to have you hold on.  There is no reason why you should not use the $1000? check.  If you need to use $25000? you can put my the stocks & bonds up with 1st Natl Bank or borrow at Central trust[.]  We might just as well see it through[.]  Glad you are getting acquainted with Sidney [here?][.]  He is a bright fellow and all right.  I will be home on May 12th .  Have been coaxed with staying for a radio trial of Aaron Bur April 26 ? May 3rd and May 10th at  9:15  Chicago time[.]