Mr. Fred Ellsworth,
Alumi Assoolation.

Dear Pred:

I acknowledge receipt of your letter of the 2nd
instant. @ pat

You mention that the $750 bond nets only 23% and
that it would require twelve years to mature. I didn't
know that there wes any difference for organizations,
foundations, and the like. But even so, twelve years
is only two more years and I think it would be better
to buy the $750 bond. I would be willing to’ make up
the difference ($63.21) if your committee is Willing. |

Of course, if this is not agreeable with you it
is perfectly all right with me. I thought the $1,000
ce However ,
that is up to your committes.

Director of Physical Education,
Varsity Basketball Coach.