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^[[88]]

[[preprinted]]
THE COBURG HOTEL,
CARLOS PLACE,
GROSVENOR SQUARE. W.

TELEGRAPHIC ADDRESS,
CHATAIGNE, LONDON

TELEPHONE NO 1719 Gerard
[[/preprinted]]

Your good letter of May 15 is received and enjoyed. I am glad that the transfer of Free Press stock was finally accomplished without frictions or unpleasantness.

Yes, Campan is slow but, I hope that 'ere this he has paid off the bonds.

I am glad of your declination to trade Alger-Sullivan Stock for State Savings Bank. I have as much of the latter 

^[[1172]]