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2.

in Loeb's mind.

He has been back at 51st Street officially since July 1.  What we discussed before your departure I shall not knowingly repeat.  But shall try to carry on from there.  One basic fact we can repeat, however, is that I see eye to eye with you that a business can be run only on a business basis.  Naturally, I have been completely upset and incensed at Loeb's actions during his tenure at the World's Fair.  And upon his return to our red plush headquarters, I spoke my mind completely and thoroughly - probably for the first time.  Through some strange quirk of the mental processes, however, he connected my verbal indignation with you - that I was speaking for both of us.  After a cooling spell, however, I completely disabused his mind on that score.  At no time during these many verbal battles, did I bring into the picture any personal feelings.  The entire matter was spoken of completely from the point of view of Design Associates.  They tell one that "confession is good for the soul" - that may be true, for I felt like a new man after these various inspired verbal blasts.

Frankly and honestly, I am extremely happy that you