O15 ‘Wo. Fox Buslding TOM PLATT VAndike 4858

 

February 14, 1940

Mr. John A, Rush,
121 So. Hudson Ave.,
Los Angeles, Calif.

Dear Judge:

I am enclosing you a copy of the 10-yr. plan we
put in force at Calif. Delta in order to secure sufficient
funds with which to purchase a property.

I might say that after the first year we ran ahead
of the figures from that year on through the 10th, so that
the figures you can consider as conservative.

We insured five of the young men on a lO-yr. basis,
and the young men who took out the insurance permitted the
premium he would receive for same to go on an extra policy
which gave us about $28,000.

We asked each man in the house and all alumni to
pay into this fund at the rate of $1.00 a week for five years,
amounting to $260.00 -- that is the manner in which the money
was raised.

I might say that each year now I invest anywhere
from $5,000 to $6,000 toward the building of a new home, and
in 18 years we have raised practically $80,000 cash.

Any further information I can give you would be
glad to do so.

With kind regards --

Sincerely an ternally,

ACP:CB © Tom Platt

Los Angeles, California.