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93

(7)

ROYAL HOTEL,
BRISTOL.

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TELEGRAMS,"BANQUET, BRISTOL."
TELEPHONE No 491.

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rich - but individually his case is a bad one and he should be punished. This however, is not likely under Buhl-Whitney administration—that sort of management which holds money more precious than honor! Which State Bank official is responsible for turning over the collateral to Smedley? It is strange that it should have been allowed to run on so long and most unfortunate all round. 
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I am glad the Trust Co is keeping an eye open in the interest of the Detroit Dining Club Bond holders. Campus will stand watching!

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