Letter from Dr. Alfred E. Stearns to Mr. Thomas Lee, January 20, 1915

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Title

Letter from Dr. Alfred E. Stearns to Mr. Thomas Lee, January 20, 1915

Subject

Letter from Dr. Alfred E. Stearns to Mr. Thomas Lee, January 20, 1915

Description

Typed letter sent from Dr. Alfred E. Stearns to Tommy Lee about Lee's finances. Sent current account. Explains initial deficit has been made up. Explains $700 bank loan. Hopes Lee keeps expenses low.

Transcription

My dear Tommy:

At last, and with many apologies, I am sending you the transcript of your account to date, made up from the time of my return from abroad in the fall of 1913.

When Mr. Sawyer turned over the account to me in October of that year, there was a deficit of $118.01 against you. This appears at the end of the account as I have made it up.

You will note that according to the figures there was a balance on hand of $514.28 at the opening of the new year. This is due to the fact that I borrowed $700. in November, which is included in the general account. Consequently you are really behind to the extent of about $170. I imagine that this must be a hard year for your father, as it is for nearly everybody else in money lines, and hence I hope you will do all you can to keep expenses at the lowest limit. Not that I am complaining. On the whole I think you have done remarkably well. At the same time I cannot help feeling that your father will be distressed when he finds that in spite of his last remittance there is a balance of a considerable amount still standing against you.

With all good wishes, believe me,

Sincerely yours,

Creator

Dr. Alfred E. Stearns

Publisher

Phillips Academy

Date

January 20, 1915

Rights

All Rights Reserved By Phillips Academy

Language

English

Type

Correspondence

Collection

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