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116

#915 Union Trust Building, 
Detroit, Michigan, 
May 13th, 1901.

My dear Mr. Smith:--

Your kind letter of the 11th instant is received and fully noted. Accept, please, my thanks for your remembrance. 

The enterprise mentioned in the circular returned herewith is, undoubtedly, a good one. The one important question in my mind is that of its management, and, until the officers are actually selected, I do not feel like becoming a subscriber. The same matter was brought to my attention by the leading banker of Michigan, a warm personal friend of mine, through whom a very small number of gentlemen here were given opportunity to subscribe for some of the stock. After thinking the matter over, the concensus of opinion was that the success or failure of the scheme would depend very much upon the choice of the managers. We all felt, and still feel, that we should like to be personally interested in the matter, providing the organization was properly officered. The gentlemen who submitted the scheme to us understands our wishes, and has arranged for stock, subject to the above mentioned

Transcription Notes:
Concensus = consensus