Viewing page 120 of 185

This transcription has been completed. Contact us with corrections.

As to your question in regards to simple liquidation: we can[[strikethrough]] d [[strikethrough]] work on cash assets for year or two more without drawing from income of rents or interest on account of the money put on deposit for that purpose a few years ago. 

The only thing that worries me a bout a final windup; if it could be done, is, that if we cannot get out of this dammed corporation taxation, with the depreciation allowed yearly and were able to despose of some of the property the tax would be very heavy, as each your cost price will be less on account of the depreciation allowed. 

I suppose Elke Card was forwarded as requests, I called Sec'y on phone on receipt of your letter of April 5th. 

Your Brother, 
Bill.