To Fred J. Hall, in New York:
FLORENCE May 30, '93
DEAR MR. HALL,—You were to cable me if you sold any machine royalties—so I judge you have not succeeded.
This has depressed me. I have been looking over the past year's letters and statements and am depressed still more.
I am terribly tired of business. I am by nature and disposition unfitted for it and I want to get out of it. I am standing on the Mount Morris volcano with help from the machine a long way off—doubtless a long way further off than the Connecticut Co. imagines.
Now here is my idea for getting out.
The firm owes Mrs. Clemens and me—I do not know quite how much, but it is about $170,000 or $175,000, I suppose (I make this guess from the documents here, whose technicalities confuse me horribly.)
The firm owes other sums, but there is stock and cash assets to cover the entire indebtedness and $116,679.20 over. Is that it? In addition we have the L. A. L. plates and copyright, worth more than $130,000—is that correct?
That is to say, we have property worth about $250,000 above indebtedness, I suppose—or, by one of your estimates, $300,000? The greater part of the first debts to me is in notes paying 6 percent. The rest (the old $70,000 or whatever it is) pays no interest.