TILDEN TO DAVID DOWS

"Personal and confidential.

"No. 15 Gramercy Park, New York, April 22, 1881.

"Dear Mr. Dows,—I recollect that some time ago you casually mentioned that you were a considerable holder of N. Y. Elevated R. R. bonds, and I replied that I held all I ever had; whereupon you reminded me that you knew how many I collected interest on in January.

"It seems to me appropriate to the cordial friendship existing between us that I should tell you that my situation in respect to that investment has changed. I desired before I should go into the country, and especially if I should decide to go abroad, to revise my knowledge in respect to that investment; and before I had completed my investigation it seemed prudent to reduce my interest or dispose of it altogether. I have substantially done the latter.

"I called at your home last evening, but not finding you, and not liking to leave word asking you to call upon me this morning, I send you this note.

"Very truly yours,
"S. J. Tilden."

DAVID DOWS TO TILDEN

"April 22d, 1881.