John Muir Esq.MartinezCaliforniaDunbar.29th April 1894Dear Sirre D. Gebryes TrustI have to apologise for delay in writing you with the proceeds of sale of the £1260 Glasgow & South Western Railway Debenture Stock. When I wrote you on 4th January the stock was low and I thought it better not to sell until the halfyearly dividend was paid in February, as there was a chance that it would recover. This has not turned out as I expected and the Trustees have had to sell at £152 1/2, £151 1/2 and £151 3/4. Since the date of the last sale the price has advanced very little.I have had great difficulty in getting a settlement with Mr. Combe, and as he insisted on the price of the stock being paid to him personally, it has been a matter of great anxiety with Mr. Buchanan and myself as to the final settlement. He is very old and very deaf and it is with great difficulty that a conversation can be had with him. At the last meeting I had with him he insisted that he was entitled to be remunerated for his services, and stated that he intended to keep the last halfyear's dividend. I wrote him very plainly on the subject and did not mince matters with reference to his conduct all through and I quoted from your letter to shew that he had kept back the dividend from the very first, and that his entry in the Minute Book shewed that01808
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