June Hi. Gordon Baxter, Schole field, Wells Orden, Dear Uteh Loe 86,1940. & Baxter, a Gordons: of shoteuns, situation as Because of the war havine out off our supply it would seem timely to review the tax effected by this incident. It is only e question of time before the Arms Company will be running into losses, With careful handling there may be enough guns on hand to show a little gain for this year, The loss should be very little in any event. The large part of soon as the stock it is the is force has received its largely shipped, others notice and, as will be laid off. the intentions shop to continue service for several years at lesst. <A good supply of perts was obtained before the German ettack. The object in continuing this service is for the purpose of attempting to preserve at least a part of the coodwill of the Browning Arms Company. The result of this operation will probably show a loss and it might therefore be advisable at the proper time to disincorporete the Arms Company and thereby cet the benefit of the loss in the parent compan in this connection, consideration must to the status of the excise tax case now question is the effect the extinction of Company other moy have factors on elso the of oteate which we of Utah are not be sciven There may obndine, Another the Browning Arms taxation. eware. We would like very much to have you _ onsi deration and thanking you, ivi sable. dieau es Youre it with very } + truly, That this her » hg 4% be