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to the personal whims of an ignorant demagogue? If he had knowledge of that which he fancies or a reasonable plan of distribution of his own surplus wealth I would listen with respect, but I want no ignorant would be philanthropist of his calibre to teach me charity or manipulate my honest income. So, I favor the acceptance of his resignation if offered, or its invitation later, say at the end of the current fiscal year. Or, I will join you and Truman in selling him my stock at 200. It can, easily be made to earn $250.000 or $300.000 a year on an output of 500.000 cases which will be manufactured this season. In fact, the stock of one million dollars under good management should be worth four for one within two years - say three at the most. If our board would insist upon proper business regulations Thum would, if considered, resign on, who knows, but that his scheme is to bear the stock and eventually bestow it upon himself in his kind of socialistic fashion - stranger things befell the early Christians. We left N.Y. in a raging snowstorm 3.40 P.M. Thursday last, Because of threatening barometer anchored inside Sandy Hook staying there all night. Friday, morning crossed the bar in a sale. Friday a fine dose of