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3/1 2018
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-- Note: The first three lines are too faded to transcribe. e.g. -- -- at the meeting and it discourages others to make you fall back. I most certainly expect the money and have paid off as directed at the time of the [meeting] ‒ some demands that should not otherwise have [been] paid ‒ and this month [being] a dull one our sales fall [off] so I shall not have my usual amount of Bills Receivable to use next month which puts me in a bad predicament. As the matter now stands the stockholders and directors -- -- Note: The final line is too faded to transcribe. e.g. --