ty and regrettable things to other
people, I am not a bit likely to write such things to you. I can't
believe I have done anything so ungrateful. If I have, pile coals of
fire on my head, for I deserve it!

I wonder if my letter of credit isn't an encumbrance? Do you have
to deposit the whole amount it calls for? If that is so, it is an
encumbrance, and we must withdraw it and take the money out of soak. I
have never made drafts upon it except when compelled, because I thought
you deposited nothing against it, and only had to put up money that I
drew upon it; that therefore the less I drew the easier it would be for
you.

I am dreadfully sorry I didn't know it would be a help to you to let my
monthly check pass over a couple of months. I could have stood that by
drawing what is left of Mrs. Clemens's letter of credit, and we would
have done it cheerfully.

I will write Whitmore to send you the "Century" check for $1,000, and
you can collect Mrs. Dodge's $2,000 (Whitmore has power of attorney
which I think will enable him to endorse it over to you in my name.)
If you need that $3,000 put it in the business and use it, and send
Whitmore the Company's note for a year. If you don't need it, turn it
over to Mr. Halsey and let him invest it for me.

I've a mighty poor financial head, and I may be all wrong--but tell me
if I am wrong in supposing that in lending my own firm money at 6 per
cent I pay 4 of it myself and so really get only a per cent? Now don't
laugh if that is stupid.

Of course my friend declined to buy a quarter interest in the L. A. L.
for $200,000. I judged he would. I hoped he would offer $100,000, but
he didn't. If the cholera breaks out in America, a few months hence,
we can't borrow or sell; but if it doesn't we must try hard to raise
$100,000. I wish we could do it before there is a cholera scare.

I have been in bed two or three days with a cold, but I got up an hour
ago, and I believe I am all right again.

How I wish I had appreciated the need of $100,000 when I was in New York
last summer! I would have tried my best to raise it. It would make us
able to stand 1,000 sets of L. A. L. per month, but not any more, I
guess.

You have done magnificently with the business, and we must raise the
money somehow, to enable you to reap the reward of all that labor.

Sincerely Yours

S. L. CLEMENS.

"Whitmore," in this letter,