Clarence Darrow to Paul Darrow, August 11, 1911
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Clarence Darrow
Higgins Building
Los Angeles
Aug 11
Dear Paul
Jacobs came in yesterday. He intends spending several weeks in this section and looking for a real estate speculation. I think he is a very [?] gambler and it occurred to me that if he found something good I might put something in with him— What do you think [?] if so we had better not take up the mortgage right off as the saving in interest is not great.
I have examined the report which you sent, it is not very optimistic. It seems to me that Greeley wont make us very rich, & that there is not much chance to increase this profit without reducing expenses & I see only two ways to do this ? first getting a lower freight rate— next cutting down the cost of superintendence. This can only be done
by uniting with the Electric? If that could be done the two could probably save $500 a month at least in expenses, probably more[.] But we cant unite except by selling out. It seems to me that as soon as Connelly is able you ought to take the matter up with him & see what he can do? It might involve you making about a two years contract to manage both? at any rate I think you ought to try, for really you should soon be in a larger field & I would like you nearer me. Of course I know that every thing is done there that is possible but the town is not big enough for you. I dont worry about this any more for we are all right now? but still I think you ought to look into it.
C.S.D.