Letter from Dr. Alfred E. Stearns to Mr. Thomas Lee, October 16, 1916

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Title

Letter from Dr. Alfred E. Stearns to Mr. Thomas Lee, October 16, 1916

Subject

Letter from Dr. Alfred E. Stearns to Mr. Thomas Lee, October 16, 1916

Description

Typed letter sent from Dr. Alfred E. Stearns to Tommy Lee about Lee's financial situation. Enclosed $60 check. Worries over Lee's finances. Account is overdrawn and some bills have not been paid. Wonders if Lee taking control of finances would be better. Plans to take loan from bank on Lee's behalf. States bill from Yale is canceled.

Transcription

My dear Tommy:

I have your note of the 14th inst., and am enclosing herewith check for $60. as requested.

Frankly, your financial situation disturbs me greatly. Before drawing this check, I find that your account is about $20. overdrawn. At present you are about $80. behind the game, and some of the loans which I was obliged to make from the bank some time ago has not yet been fully cancelled. That tutoring bill of over $200. made a big hole in your account, and seemingly for no good purpose at that. Under the circumstances I am wondering if it would not be better for you to handle your own accounts entirely apart from me. I can’s [sic] help feeling that if you had to the deficits yourself and make proper provision to take care of them, you might devise some better way to make your ends meet. As it is, I see no other way of escape then to make an additional loan in your behalf at the bank. That, of course, is expensive business at best.

I received a note of apology from the Yale bursar I wrote explaining that you were no longer enrolled in that institution. The bill against you was promptly cancelled in consequence.

My best to you, as always,

Faithfully yours,

Creator

Dr. Alfred E. Stearns

Publisher

Phillips Academy

Date

October 16, 1916

Rights

All Rights Reserved By Phillips Academy

Language

English

Type

Correspondence

Collection

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