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September 7, 1927
Mr. C. H. Douglass,
355 Broadway,
Macon, Ga. [Georgia]
Dear Mr. Douglass:
Referring to your letter to the T.O.B.A. [Theatre Owners Booking Association] to surrender your 3 shares of stock in return for the cancellation of your commission indebtedness and a cash consideration of $100.00, I wish to advise that I have seen Mr. Reevin in Chattanooga, and with him have carefully gone over your commission account.
I find that Mr. Reevin's figures of $264.70 are entirely correct and I feel that a settlement with you for your stock should be made on the basis of these figures. If we settle in this manner, it would mean that the T.O.B.A. [Theatre Owners Booking Association] would pay you $35.30 cash at the time you surrender your stock. However, in order to get this matter settled, I will agree to give you a receipt for all of your commission indebtedness and pay you $50.00 cash.
I trust you will see fit to accept this compromise offer. In the event you do, I have already arranged with Mr. Stein to take over your stock and he will pay you the $50.00 in cash and pay the T.O.B.A. [Theatre Owners Booking Association] the $350.00 balance due. After a thorough consideration of this matter, I consider my offer a very fair one and trust you will see fit to accept it, and I will be pleased to hear from you at your early convenience.
With kind regards, I am,
Yours very truly,