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The BOOKER T. WASHINGTON Papers To Melvin Jack Chisum [Tuskegee, Ala.] August 3, 19~4 Dear Mr. Ch~sum: In reply to your letter of July lath addressed to one care of Tuskegee Institute but which was sent to me in the North, ~ beg to say that ~ appreciate most sincerely the privilege and the on portunity of subscribing to some of the capital stock of your newspaper when it Is incorporated, but ~ am very sorry not to be in position to make the investment at this time, because I have not the money to spare; but another, and as important reason is that I have positively declined to take stock in any given newspaper property for reasons which must be more or less obvious to you. Thanking you for your very kind letter, ~ am: Yours very truly, Booker T. Washington TLpS Con. 497 BTW Papers DLC. To Paul Drennan Cravath Tuskegee, Ala.] August 3, 19 ~4 My dear Mr. Cravath: ~ am feeling exceedingly anxious conceiving the future of Fisk. ~ have seen Dr. Jones twice since our meeting, and ~ very much fear that Dr. Jones has finally reached the conclusion that he ought not give up his present work for sometime at least. In a talk which ~ had with him as ~ came through Washington a few days ago, he did agree, in case he did not accept the presidency, that he would be willing, without expense to the university' to spend three months on the grounds helping the present officers or the new president get the university into better shape. As Dr. Jones is a very tactful man, think this offer is worth considering very carefully. In the second place, ~ got him to agree, if we desire, to become a member of the board of trustees. One other thing. There is a gentleman at the head of the A. M. A. school in Macon, Ga. about whom ~ have heard rather favorably. Dr. H. H. Proctor thinks he is the man for Fisk. Dr. Jones, without know~o6