The Wheeler Kelly Hagny Trust Company Wichita,Kansas December 4, 1937. Mr. Forrest C. Allen, University of Kansas, Lawrence, Kansas. Dear Phog: When I saw you in Lawrence last Thursday you told me that negotiations were on to refund the bonded indebted- ness of the Kansas University Physical Education Cor- poration. If 1 remember correctly you remarked that a meeting was being held on that date. Will you please advise me whether anything definite has been done up to this time. Also, are you free to disclose the name of the firm who have made the under- writing proposition. Just off hand I would guess it is Estes & Company at Topeka, who have been rather active in trading the bonds the last few years. I shall greatly appreciate hearing from you in this connection, and with best regards remain Yours very truly, WAM: C W, A. Me Kinney ‘Preasurer.