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613

(612)

(F.J.H.--2)

year, and this we ought to accomplish. Our expenditures for improvements in the sixth year have amounted to nearly $100,000.00, and I fear we will have to spend nearly three-quarters of this amount next year. Our reminder of this year's earnings will provide fully for the improvements, so if we can earn $500,00.00 during the seventh year, we will have the whole of that at our disposal for dividends and interest. We have had no inquiries for cars during the last two or three weeks, and the demand is much less than we had hoped for.

Aikman has attended to the circular received by you from the Citizens' Committee in accordance with your desires.

Yours very truly, 
Charles L. Freer

Col. Frank J. Hecker,
C/o War Dep't
Washington, D.C.

Transcription Notes:
---------- Reopened for Editing 2023-09-20 20:10:09 ---------- Reopened for Editing 2023-09-26 23:47:39