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hate to see men like him paving the way to make America some future day resemble Spain of today.

What a fine showing the State Bank is making.  I fancy that one of the leading motives in George Russel's desire, is to pay a handsome return on the increased capital as early as possible.

I am not sure that his policy is a bad one in times like the present, the nimbler, the quickly returning dollar seems to many, worth twice as much as the two dollars locked up in the reserve vault.

I may be influenced toward large dividends by the ease with which I find it possible to spend money.

Since writing you last I have drawn £50 only making total to date £2600,
but in my quest for fine things, I found recently that my friend Myers of Obach & Company had recently purchased