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Stanford. November 19, 1899.

My dear mother:

Your letter brought interesting news, particularly that part relating to Smuk & Paul. I hope Claude will exercise Smuk "in due season."

I am sorry not to be able to accept the position offered by Mr. Mello; but I do not think I shall lose much by it. Perhaps, a little money, but what is that contrasted with an education? Money is very essential to acquire an education, but since I have accumulated enough money to carry me through College, there is little need now in sacrificing the time to accumulate more.

I am the wonder & envry of my friends I have been called everything from a corrupt politician to a bloated capitalist