Why is the Modern Fictionist like a Dog-Fancier?—Because he is so fond of short tails.
Transcriber's Note
Page 46: Friendship. The mutual dislike of people on intimate terms. Or, a euphuism for love.
The letter writer ('Marjorie') would appear to have confused 'euphuism' and 'euphemism', perhaps tongue-in-cheek deliberately on the part of the contributer?