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86 Hotel Continental 3 Rue Castiglione 1st Arrd. PARIS [[image]] TELEGRAMMES; CONTENTAL-PARIS TELEPHONE NO 243-91 NO 133-33 Paris May 22 1905 Dear Colonel Hecker: Your full letter of the 7th inst concerning the purchases of Free Press stock was received and enjoyed. Thank you for having written so fully. In an earlier letter I referred to the matter, but only briefly because of lack of time. Let me now say that while the transaction involved many exasperating experiences to you and carries with it considerably less prospects of financial profit, I still believe 115