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Apr 8, [1932] From:        To:        
 
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Alexander Young Hotel

Honolulu
Hawaii

April 8

Dear Paul

     The market certainly looks [?] but there is Nothing that I see but to hold on.  When I left we had some bonds left to use.  And I will probably have at least 12500.  When I return which will not be later than May 5th  probably May 1st .  Any how you can keep a line on the paper-  I think it wont last so long as I expected and I believe I will win.  Every one is very nice to me here and I am taking it quite easy.  I dont need to say that no money should be used for any thing but your debt until I get home at least and I think not even then[.]

Hastily

C.S.D.