Letter from Alfred E. Stearns to K.T. Tsai, New York, N.Y. October 16, 1924

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Letter from Alfred E. Stearns to K.T. Tsai, New York, N.Y. October 16, 1924


Letter from Alfred E. Stearns to K.T. Tsai, New York, N.Y. October 16, 1924


16 October 1924.
Mr. K. T. Tsai,
c/o Wah Chang Co.,
50 Church St.,
New York, N.Y.

My dear K. T.:

Your letter of October 15th has just reacted me and I have read it with the greatest interest.

Frankly I am confident that you have made a wise decision in Charlie’s case for the definiteness of business training is what he evidently needs pretty badly at this time. I do hope the scheme will work out as wel1 as we want it to.

Please understand that I am still perfectly willing to continue the office of banker for Charlie if you decide later that this is best plan to follow. It does take a good bit of time I must admit and sometimes it has been hard to find that time just when it should have been invested. On the other hand it has given me a close contact with the boy even if the contact has not been of a character always to inspire is happiest feelings towards me, for Charlie, as you know, has been strongly disposed to use up his money pretty fast and I naturally had to try to hold him in check.

The plan of putting him on his own resources and a definite allowance ought to work to his advantage provided he can be made to feel that no other sources of income are open to him. I have always understood that in addition to what was sent tie by your fatter, Charlie could from time to time successfully squeeze out of other members of the family more or less generous remittances which enabled him to weather financial squalls that seemed about to upset his boat. Perhaps I am wrong. Anyway the value of the experiment will be largely nullified of course if money is sent him from other sources and he gets the impression that after all it doesn't count for very much whether he keeps within the bounds of his official income or not.

I am enclosing the check herewith and shall count on you to hand the balance, after deducting what the boy owes you, to him, Please return the receipt also in order that I amy make proper and prompt report to your father.

Are you going to get up this way before you turn your face towards China? I do wish I have another little visit with you. Possibly we could arrange to get together in New York some day for I am occasionally in that part of' the world.

With warmest regards and all kinds of good wishes, believe me
Very sincerely yours,


Alfred E. Stearns


Phillips Academy


October 16, 1924


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