July 8

P. S. No, I suppose I am wrong in suggesting that you wait a moment

before discharging your L. A. L. agents--in fact I didn't mean that. I

judge your only hope of salvation is in discharging them all at once,

since it is their commissions that threaten to swamp us. It is they

who have eaten up the $14,000 I left with you in such a brief time, no

doubt.

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