October 14 Friday – Ralph W. Ashcroft wrote two letters on Koy-Lo Co. letterhead to Sam. The company was connected with The International Spiral Pin Co. “In accordance with our conversation over the ‘phone yesterday, while you were in Mr. Rogers’ office, I have offered the $2,000. of shares in International Sprial Pin co. to Mr. Stanchfield, and he has accepted them. / This, therefore, cancels the option extended to you on them.”

In his second note Ashcroft enclosed “a copy of the Butters matter”. “I will come to the hotel to-morrow evening, if possible, to see you, and go over it with you” [MTP]. The enclosed is a four & half page double-spaced typed statement, titled, “STATEMENT of R.W. ASHCROFT / in regard to S.L. Clemens’ purchase of shares in the Plasmon Company of America”