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4/26/1882
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April 26, 82 [1882] -- Mrs. Sarah Phelps, -- Your favor of 25th at hand. May 1 -- st -- is the end of our fiscal year but we have not made an inventory yet. Our profit will be about the same as last year. See my letter June 29, 81 – We shall still [owe] May 1st $70000.00 -- A dividend of 7 -- prc -- only will be declared payable on or before July 1 -- st -- The next dividend I think will be much lower. -- We have earned much to have --  
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