r.S.ROYSTER GUANO COMPANY

GENERAL OFFICES, ROYSTER BUILDING

NORFOLK, VA. January 27th, 1921.

F. S. ROYSTER, PRESIDENT.

C.F BURROUGHS, VicE PRESIDENT.
WM. S.ROYSTER, 2NDVICE PRESIDENT.
A.L. GRIFFIN, 3rp Vicr PRESIDENT.
C.S.CARR, TREASURER.

Mr. C. A. Johnson, Secty. & Trease,
f. S. Royster Mercantile Co.,
Tarboro, Ne Ce

Dear Clarence:-

I have yours of the 26th, and note that Clark
has written use

I simply wrote him that I would expect him to
pay us not less than $25,000.00 by the first of February.

It will make no special difference about holding
the annual meeting on time. It will keep until I come back, by
Which time I hope you will have made some substantial collections.

If George Howard expects to go to Richmond in
behalf of Ruffin, I beg to advise that Mr. Jackson will be in
Pinehurst next week. I have had several letters from him this
week, as I expected to have seen him next Tuesday when pessing
through Richmond. I sincerely hope that your friend fuffin can
menage somehow to pull thmugh without our having to advance hime
Suppose you were to sell him fertilizer this Spring, how would
you manage to secure yourself? It would be a great risk if you
did so un=securede I do not see how he is going to get an
advance without & blanket mortgege.

I hope you will get all the charges in your tex
account possible, to reduce ite You know whet the lew is on this.
You cannot put a 1320 account in as lost, until you have exhausted
all possible means of collecting it. Possibly you may be able to
bring in some of your last year's accountse

Yours very truly,

Cas pe