1929 A.B. Moore to J.S. Hunt, re: Sale of Hodge-Hunt to Advance
Mch 30th 1929
Dear John,
Inclosed find note of 550000 to [Mr. J. P Lester] of Stephens, Ark. Also find letter to Hodge Hunt Lbr Co. authorizing the transfer of my Advance Bag & Paper Co’s preferred stock to you. Thought possibly this would be the best way to handle the transfer.
I do hope Mr. Evans will buy the stock little later on and you may make the deal with him. Would like to get [par], but if you think best would discuss it a little.
Will have little more than 50% oak in this timber [am] estimating, and think can ship enough of 2” wagon oak, this fall to pay Mr. Lester possibly 150000 or maybe little more on this note.
Am going to take out a short term insurance policy for 12,00000 in case anything might happen to me during the cutting of this timber, and if see [f–] can drop it another year. Am going to do this in order to be safe.
John, I can never tell you how much I appreciate what you are doing for me.
Yours,
Albert
Mch. 30th 1929
Hodge Hunt Lbr Co.
Hodge, La.
Gentlemen,
This is your authority to transfer my preferred stock of the Advance Bag and Paper Co., amount to $900000 to J S Hunt, for value received.
Yours very truly,
A B Moore