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June 20, 1920

Dear B&S -

I am sending you a few papers which I ommited to enclose in my recent scrawl, plus a bit of information.

[[left margin]] I took over the fmr Permit Grays May 1, 1920 [[/left margin]]

Major Chambers returned here yesterday from a trip including Dayton, Wash,,N.Y., etc. He has resigned and is now waiting a week or so for his discharge. He told me that the Aircraft Sales People and the Big Handley-Page Hartz combination have all the money behind any aeroplane possibility today. The Manufacturers' Aircraft Outfit of Ny. are peeved as the deuce because of the dumping of all those English planes and motors on this side. They are trying to put in a Congressional Bill which prevents such air supplies from being sold at less than machines and motors sell over here. But Chambers says the bill will never get passed. It seems a good idea anyway to have even an English controlled concern start things going to the making of aerodromes and air routes. The machines they use and those they sell will be washouts within a year or so, and then the Amer'n manufacturers can spread out their own products.

Chambers also tells me that the Interallied are out of business, the $30,000,000 H.P. outfit having either bought threw out or put them out of the running. Hence the price of brand new Avros, S.E.5s (slick for stunt exhibits) will sell in New York soon for $1500. If there is a grain of absolute truth in tis last sentence then we are out nothing by waiting to get the lowest possible price on our machine.

I know we want to get going and I am with you in undertaking the purchase of the Weston machine as you have already bargained for. It would not be a bad thing to get into touch with Aircraft Sales Corp. and have their latest F.O.B N.Y price, however.

My morale is admittedly low. So is yours I judge. I can't be at rest for several more months, and you both seem equally uncertain about B.B.&S getting started rightly. Lemme caution you that it is the consensus of opinion everywhere that you can't make a success of the commercial game unless you have enough capital to fall back upon in case of a crash before the first bus is paid for. I expect you are closely looking after this point of view, and if you consider you are going to be discouraged in the le st about our success, then for the love of pete lets call all bets off. I'd give anything to be with you on the ground, as I have of'n reiterated. I have my reputation at stake and so have you two, besides the chance of losing the work that's been done by you in the last four or five months. I wish you luck and wisdom in your choice as to action. Keep me fully posted on developmants and if you do decide you can't go forward please le tme have a list of what it has cost anyone to bank on us. 

Dammit, it ought to be put over. Damn the sleepy spirit of Fram.Don't  they know they have a swell chance to make the town the leader in [[illegible]]

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