NEW YORK - MR.9 - 23 W.F. BOGART SAN FRANCISCO EXAMINER SAN FRANCISCO PLEASE DEPOSIT TWENTY FIVE THOUSAND DOLLARS APRIL FIRST AND SAME AMOUNT FIRST OF EACH MONTH THEREAFTER TO BE DRAWN AGAINST BY MISS MORGAN WITH UNDERSTANDING THAT NO MORE THAN THAT AMOUNT WILL BE REQUIRED MONTHLY TO COVER OPERATIONS ON RANCH INCLUDING MATERIAL AND ARCHITECTS FEES. KINDLY ACKNOWLEDGE. W.R. HEARST