Yours very truly,
J.H. Kennelworth.
Robert's second letter to Mr. Kennelworth:
January 24, 1927.
My dear Mr. Kennelworth:
I have read your letter with a great deal of interest. I appreciate your fatherly advice and know that you have my interest at heart. I appreciate your telling me of your experience in speculation and know that this can be the only result where people only guess at the market, or follow tips. I have secured some books from New York and read a great deal about the market, and I feel that I already know that there are many pitfalls in the game of speculation, but if it can be made a science and followed according to the rules laid down in the Bible, success and profits are sure.
Sir William Crookes said: "To stop short in any research which bids fair to widen the gates of knowledge, to recoil from fear of difficulties or adverse criticism, is to bring reproach upon science." I feel that I have my own life to live; that I must have faith in myself and above all, have the faith which is instilled in me through the study of the Bible. I must neither fear difficulties nor criticism. I must put my theories and my discoveries to the test. The only way that I can do that, is to follow what I think is right.
I have already made arrangements and sent my money to a broker in New York, and have today bought 200 bales of July cotton at 13.80. I am going to hold this cotton. If it goes up, as I am sure it will this Spring and Summer, as my profits accumulate, I am going to buy more on the way up.
I believe in what the Bible says:
"Prove all things and hold fast to that which is good."
Jacob said:
"I have read in the tables of heaven whatsoever things shall befall both of you and your children."