Show him this. It is 300 shares Oregon Trans-Continental. It cost me 73. It is now worth 15 or 16. If sold at that, it would leave me 500. If it goes down to 10, I shall be called on for additional “Margin.” Dean Sage bought it for me a year ago, just as I had sworn off permanently from stocks (speculative ones.) It went up to 98—he was very sick at the time, & so gave no orders to sell, & so I got caught.

Ask Sage if he can help you to any points. If he can’t, go ahead & keep it or sell it, just as you please. I am perfectly indifferent as to what figure you sell at, or how long you keep it. I’ve had enough, & don’t wish to ever look at a stock report again.

I shall be down next Tuesday, & can see you either at the Brunswick or at Laurence Hutton’s house (229 W 34th) in the evening. I think the latter. Yes, I mean to stop there.