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To Mrs. George C. Marshall, Sr.
March 7, 1921 Washington, D.C.
That there may be some written record of our business relations in case anything sudden should happen to me, I am writing to advise you that I purchased for you, in my name, on the 4th inst., fifty (50) shares of Pure Oil stock at $33.00 per share.
The transaction stands as follows: To facilitate the purchase of the stock I took one hundred (100) shares,—fifty for you and fifty for me, and signed a note at the Second National Bank here, for $3315.00, which covers the cost of the shares plus the brokerage commission. In addition to my note the bank holds your two bonds as collateral and will also hold the hundred shares of stock as collateral. The loan is at 7%.
My intention is to hold your fifty shares until they increase somewhat in value, and more particularly, until your bonds increase in value. At present they (bonds) are worth exactly 77% of their original value. I think there is a possibility that by summer they may be worth about 85% of par, and the shares of stock should also increase in value proportionately. When this developes I will sell twenty-five (25) of the shares and transfer twenty-five (25) more to you, remitting the balance from the transaction in cash, after the sale of the bonds. I will take care of the interest and everything, on the loan and will settle this all when I close out the affair.
As this is a business letter I will not complicate it with anything else, except to say that I leave for Boston tonight to be gone until about the 12th.
With much love, your devoted son
Lily still in Lexington.
I enclose a piece of poetry I did for little Rose Page.1
G. C. Marshall, Jr.
Document Copy Text Source: Marie M. Singer Papers, George C. Marshall Research Library, Lexington, Virginia.
Document Format: Author-typed letter signed.
1. The complimentary close and the last two lines were added in Marshall’s hand. Rose Page, ten-year-old youngest child of Dr. Thomas Walker Page, formerly a professor at the University of Virginia and since 1918 a member of the United States Tariff Commission, was one of the few children living in Marshall’s building. Her descriptions of Marshall and of 2400 Sixteenth Street, N.W., are in Rose Page Wilson, General Marshall Remembered (Englewood Cliffs, N.J.: Prentice-Hall, 1968).
The following poem, handwritten on two- by three-inch pieces of paper, and found in the Rose Page Wilson papers at the Marshall Library, was probably the one Marshall mentions.
A little girl I strive to please
Is very shy, but likes to tease
And tell all sorts of funny jokes
about all kinds of curious folks.
She likes to ride and dance and coast
But better still to butter toast
and smear it deep with honey sweet
and sit and eat and eat and eat.
I think some time along in spring
She’l eat so much of everything
Her dresses all will spread and split
and open out to make a fit.
And then perhaps she’l look right thin
with strips of dress and streaks of skin
I think she’l look real odd like that
With nothing whole except her hat.
Recommended Citation: The Papers of George Catlett Marshall, ed. Larry I. Bland and Sharon Ritenour Stevens (Lexington, Va.: The George C. Marshall Foundation, 1981- ). Electronic version based on The Papers of George Catlett Marshall, vol. 1, “The Soldierly Spirit,” December 1880-June 1939 (Baltimore and London: The Johns Hopkins University Press, 1981), pp. 207-208.