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Apr 30, [1932] From:        To:        
 
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Alexander Young Hotel

Honolulu
Hawaii

April 30

Dear Paul

     Enclosed find Draft.  Do as you wish with it.  only dont buy any thing.  It may be that the market is so bad that it would be better to xxx keep the money than pay it on your account, but whatever you want to do is OK.  I shall be back not more than a week after this is received.  We are both well.  A little disappointed in the market, but came out well at that.  

Hastily

C.S.D.

Dont think you had better send any money to Fred.  Leave it until my return[.]