May 7 Wednesday – Frederick J. Hall wrote to Sam apologizing for not sending the daily reports.

The bank wants the amount made out in three $5,000 notes and one $10,000. We then give them a check for $9,000.00 or an agreement not to draw our account below $16,000. They discount the notes at .06% and as we only use $16000.00 of the amount they really get what is equivalent to .08% [MTP]. Note: the percentages, although written as hundredths of a percent were whole, six and eight percent.

Henry O. Houghton wrote to Sam from Boston. This is a letter of introduction for Charles W. Felt of Northborough, Mass., a man for 30 years “actively developing typesetting and justifying machines.” Houghton thought it “not improbably that Felt “has some ideas that may be valuable” (encl. in Felt May 10) [MTP].