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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]]