Letter from Dr. Alfred E. Stearns to Mr. K.Y. Tu, April 22, 1931

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Title

Letter from Dr. Alfred E. Stearns to Mr. K.Y. Tu, April 22, 1931

Subject

Letter from Dr. Alfred E. Stearns to Mr. K.Y. Tu, April 22, 1931

Description

Typed letter sent from Dr. Alfred E. Stearns to K.Y. Tu about Tu's finances. States father send $600. Stresses the importance of economy due to situation in China. Explains every dollar is equal to double that in Chinese currency. States Tu has done a good job keeping expenses down so far. Discusses current academic progress and lack of it.

Transcription

April 22. 1931
Mr. K.Y.Tu
438 Columbus Avenue
Boston, Massachusetts

My dear Tu:

l have just received a letter from your father enclosing a draft for six hundred dollars to credit to your account. In order that you may keep posted on your financial status, I am enclosing a copy of the statement which I am sending to your father at this time and which indicates receipts and expenditures to date.
You will note that even with this latest remittance from your father, you have only a small margin left for the immediate future. In his letter to me, your father particularly requests that I should impress upon you the importance of economy at this time in your expenditures, chiefly because of the exceptionally bad situation in the matter of exchange between China and this country. Practically every dollar that your father sends over here now costs him double that amount, so that I know the expense is a mighty serious matter to him at this moment. I told him, however, that 1 thought yon had done very well in keeping your expenses down to date, so that I am not making the above suggestion in any spirit of criticism, but merely to emphasize the necessity, which imagine you yourself appreciate.

I only wish that I felt that you had handled your studies as well as you seem to have handled your money. Certainly this last report that I have received free Burdett is discouraging, as it gives no evidence of the progress and achievement which I had hoped most earnestly might appear by this time. Can’t you stiffen things up a bit in this line?

Ever sincerely yours.

Creator

Dr. Alfred E. Stearns

Publisher

Phillips Academy

Date

April 22, 1931

Rights

All Rights Reserved By Phillips Academy

Language

English

Type

Correspondence

Collection

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