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Written at Hadley Field
New Brunswick N.J.
January 18, 1932

Dear Billy,

Don't get shocked because I answer so quickly. The opportunity presents itself and I'm taking advantage of it that is all.

I have no news except to report that all the family are now well. The two ladies, the younger matron, the kid, and the old old man are now OK as it were.

The taxes are pain in the neck anytime and this year only more so. The thing that really gets me is that like old Mass State tax the Fed this year stings you if you win, and also nicks you if you have great losses on one class of income but show a dollar to the good on a another class. I just don't understand it that is all. And also the houses are no longer worth what they used to be but do they come down in assessed valuation? Hell no, one has to pay to let the grafters keep going that's the way it goes.

I wouldn't pay any taxes to the Fed Govt until the last gun because with this damfoo; lamed[[?]]ck Congress still in session i[[?]] session they are apt to do anything and make it retroactive on 1932 income. So it is perhaps best to wait until the first of March anyway. Of course in you letter you refer to some items that while I ought to recall them I really forget, so when return is safely under the bridge, why not send me the retained copy for perusal to come to know just how clever with the bottle of hooch our William really is.

When last brought up you were going to have Hen or someone tear down the old blacksmithy. Is that still on cards before the April tax date?

Hope Hen is OK by now. Tell him so for me please.

I have to laugh at the reticense of mother in regards to the O'Brien kids and their doings. Not one word have I asked, nor has one word been offerred about the work schooling or otherwise of the cl[[?]]n. I bet the kids really put it over and over on Lill and mother--only they either don't know it or won't admit the fact. 'S funny all right:. 

See where the Canuck exchange recently reached nearly 90. Not so worse considering you got on the right side of the last dip.

Gosh but that income statement of the Trust looks raggeddy Anny. All going out and nod[[?]]ing coming in. As for Henry--I just can't see what he is heading into with those

[[?]] I see it for