Buffalo, N. Y., January 23, 1905.

Dear Sir: I herewith enclose you copy of a letter just sent to Mr. Donohoe, also to the editor of ——

Yours respectfully,

——

(COPY)

January 23, 1905.

Mr. Denis Donohoe,
Financial Editor, New York Commercial, New York City.

Dear Sir: With considerable pleasure, satisfaction, and conviction, I have carefully read all the articles on "Frenzied Finance," by Mr. Lawson, and from my limited knowledge of affairs, gained by fifteen years of active life, am of the opinion that he has been telling facts, although at times they are clothed in the language of a writer of fiction.

I have been waiting and confidently expecting, during the past six months, that some able, honest, unbiassed, and free-handed man would take up the discussion against Mr. Lawson, and in this way aid the people in viewing the entire subject with all possible side-lights, so that when public opinion shall be finally formed, as surely it will be in the future, it may be as nearly right as possible and only the guilty suffer. It was, therefore, with a high degree of exultation that I purchased —— of January 19th, upon the first page of which in bold type appears: "Lawson Answered—the Truth About Frenzied Finance." At the sight of these words I said in almost audible tones: "Now we shall hear the other side, or at least learn what Mr. Lawson has omitted, if anything."

I have just finished reading your article in said issue of ——, and as you now pose as a public writer and benefactor, you of course will welcome frank, honest criticism. After reading and rereading your said article, I am, against my desire, forced to the following conclusions: