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AUGUST 190 1 throughout the country are waiting to see the business built up before taking Stock, not realizing that WE NEED THE MONEY NOW when the concern is in its infancy. Within ten days we need at least Moo which will successful tide us over the dullness; as October is the beginning of our fall campaign, which I have outlined extensively. It would truly be a blow to the Negro's professed advancement for our enemies to believe that the race is not far enough advanced to appreciate a high-cIass periodical, run upon the lines we have followed in the past year. Fully one third of our subscribers are white. (~) You can save us by an investment of $500. (2) A loan with interest upon the Company's note or (3) giving us notice of a backing for that amount (without expending a cent). This (3) statement would suffice by giving us more time in which to receive delayed receipts from Agents. Rather than consider the complete failure after reaching this advanced stage; would consider allowing affairs to run to the limit and rescue the magazine from the debris (at an expense of $1000) with a change of affairs and to move on from where it left off. Let me know if there is anything suggestible to alleviate this difficulty. You can address me personally as I have not as yet made mention of my appeal to you. To the public, with our finely apportioned offices, surroundings, etc. it appears as a Gibraltar of strength, may it continue so through your advertence of pending difficulties. All communications strictly confidential and I give you my word as a Nan, I believe on oath that every cent received or expended by the Company has been used for (what the Directors thought was) the good of the Company. Our circulation at present, actual output (post-office receipts to substantiate) between ~~,ooo ant! 16,000 per month. Shall be willing to open our books to any Attorney you may name for your benefit. MAY YOU SEE FIT TO AID US. We remain, Ever yours for the Race through the magazine. Walter N. Wallace TLS Con. 194 BTW Papers DLC. 185