a January ~ 16,1940, é lit, and iirs, Jos, E, ‘Olsen, 42762 La Canada Bivdse, : ff La Canada, Cal Ral eDe ivi Dear Carrie and Joe} ial nave not replied to Joe's recent letter sooner because I wanted to wait until all of the Company statements for last yeoe wel 6 made up in order to send Carrie's statement with my reply. You will real -L5e that it takes some time to make up all of these statements since there are so many of us. * ees | > we a + a tage of w Fe | Railroad years “ 7 & dn %, *) ve elie bie | ies ot whan ‘ — whe il a You will notice that Carrie has a credit balance representing dividends from her portion of the Union $215.00 Pacific |?" * agzO, J stock am which malling a I bought check for for all this anount., hich we are for each one to buy his or "her ‘galt quota of Bonds. J an ‘enelosine * not: ce which we are stockholders, JI would Value GO dO bonds of these SO. suegest that le Sg ‘vel 28 of us about two recommendine is United States Sevines sending out to our Carrie buy $10 ,000,00 maturity Lone as her income adequate of aa} Thy is ¢ go ag. : ie wart the & dissolving ithe, oS a P ct on , the 4 think this world be a good idea, LU evervone chae. “axes Will become hicher a ate % , 2 oF cd iis 4% *. P.-4 s, %. % be iio nam rm atte i Kd s 28 and de 7 a it & » , CT haw Browning-Olsen Trust, the Oninion of mos higher, There 15 dad» “ 4 Lan omen & > ma = . rs... f en ~~ A " one objection to this, however, which I can'see and that is that Joe is a beneficiary of the Trust and would, after dissolution of the Trust, have a certain amount of Company stock in his name, This o would be contrary to our lone standing policy of keeping the Company stock in thé names of blood descendants of our fathers as long as possible, All of the other brothers and sisters with children have transferred considerable amounts of their company” stock directly to their children in order to reduce their taxes 8O far the nee sessity has not arisen for having any Legal ee» appointe ed, the income from the stock in the names of the various — chi 1dren being deposited to savines accounts in each child's name, ‘ I will be might offer, and take happiness for the new glad to have any rq a Ve bdd ENC 6 bch io 1S.e to . wLACceEre Ly TTA The a trey suggestions this‘ opportunity year, apd 9 wish you which all you creat