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London, June 8th. 1904.

My dear Father,

I have just received your letter of may 30th. . You seemed to think at that date that Mr. Dillaway was the real cause of my wanting to go into [[strikethrough]] Buise [[/strikethrough]] business , but I ask you to look over my letters written before his arrival in this country ; you will then realise that he had nothing whatever to do with my decision  which I came to solely under circumstances that I will explain when I see you , I was influenced by opportunities  too valuable to be lost  I have hitherto written with great reserve my opinion of Mr. Dillaway as my position was rather awkward; I however tried to help him, but his methods and manner made it difficult for me to do so.
 
  Your letter states that M. Dillaway came over here to place, or to interest parties in  your Seaboard Air Line Equippement [[sic]] Bonds, and incidentelly [[sic]] look up the matter of forming a connection with some Banker, who might sell securities for you in the future . He certainly floundered around the city like a fish out of water  proposing to  place your interest in the hands first of a small Broker then of a powerful Bank which I imagin e [[sic]] you would not have found to your best advantage  I can say thaf [[sic]] he never tried to place the Seaboard securities at all . He talked big in Coppermines and other large schemes . I tried several times ( being asked to do so by De Friese) , to get him to present that Seaboard material , but he refused to do so point blank , saying that De Friese and Ellert of the Dresdner Bank had advised him not to place any of thes[[e]] securities [[underlined]] untill he had established himself here; [[/underlined]]
I must tell you that Mr. De Friese has stated clearely [[sic]] that he had asked Dillaway the direct question as to whether Dillaway had anything to offer and was answered that at present ther e [[sic]] was nothing .