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Apr 12, [1931] From:        To:        
 
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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[.]

C.S.D.