Apr 25, [1931] From:        To:        
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Cable Address, Murahill
Telephone Lexington  2-2300

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

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

April 25

Dear Paul

     Got your letter this morning.  The market looks [?] to day at the close[.]  Have talked with some who think that support is coming in early next week but I don?t see how any one knows any thing about Any how a good talk with Sturgess and then whatever you do is O.K.  I hope you wont worry about it[.]  I think I am going to get some rather good money out of the movey matter.  There are several other things they want me to do which I want to do but I am waiting for this to be shown which will be xxx released in July.  Then all the publishers want my memoirs and they seem willing to make advances and expect a big sale and good money for serial rights.  I shall have them ready in the spring ? probably.  Of course I dont count on much until it happens but I have no fear that things will come out right for both of us.
     Do what you think best about unloading
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a substantial amount of stuff.  I am inclined to think that it took something like this to make us stop gambling and I hope it will.  Shall be back May12th or 13th.  Am going to make two talks on my way home and shall also get something here.  So I will probably have something when I get there that can be used if there is 2000 or xxx so in the bank to spare and it will help better take it.


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P. S.

Since writing the rest of the letter I have concluded to send you the enclosed check to be used in reducing indebtedness.  I dont know just what I have in bank but I think that this will leave me $500? which is more than I need as I shall get some money here before I go[.] You had better send me a line as to the condition of my Acct before or after using the enclosed.  Sometime the hole will be stopped up if we can hold out.  Probably I will not have much more to count without selling or borrowing till around Oct. when I hope it will begin coming in again.  Hope you are not worrying too much.  It will be over & forgotten some time[.]