01252[letterhead]2 J.M.I have placed up-on you so it is nothing for you to fear and if you were to keep the house it would pay its way well for as it is 5000.$ at 8% is 400.$ for [illegible] and 2000.$ at 10% is 200.$ for [illegible] making 600.% a year interest which the house rents for 75.$ per month or 900.$ a year the difference, or 300.$ will more than pay taxes and insurances.Of course if you can spare the 2000.$ it is decidedly the best way to pay off the 10% paper. The 3 acres came in this way Paul Gardor owned a 6 acre tract of land, I said to him I will pay your prior for 3 acres 6000.$ if you will give me a contract on the other 3 acres at the same price to run until October 1886 if I sell it [[stricken word] before that ime I will give you (Paul Gardor) our half of what I got over 2000.$ per acre for the 3 acres which the contract is Jan. This is the whole scheme of the 3 acres as clearly as I can give it in this manner, when your "desparate" another lower over and I will show you all about it. Love to all. Truly Walter Brown
Kansas City, Mo
1887 Jan 11
Original letter dimensions: 25.5 x 21 cm.
Reel 05, Image 0760
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