forth. In reading these pages I beg that the footnote on page 112
may be remembered.

The business of Wood and Slater for several years had been the
acquiring and holding of certain corporate properties, some of which
the firm managed. With the exception of one property, a recent
acquisition, the interest of each partner was defined by the
individual holdings of stock. In the one property referred to the
interest was equal but the stock had not been issued.

At the time of Mr. Slater's death he had a joint liability on the
firm account in certain notes which had been discounted at the
firm's bank, and also in a loan made to the firm by the Standard
Oil Company. His individual liabilities were nearly seventy-five
thousand dollars. Only a few of these need be specified.

For several years he had profitable business relations with me and
carried an account in our office, drawing on it at his convenience.
At the time of his death this account was overdrawn nine thousand
dollars. In addition our name was on his paper, falling due after
his death, to the extent of eleven thousand dollars. Another
liability was a note for forty-seven hundred dollars discounted by
a Pennsylvania banker, a personal friend. There was also an agreement
to refund to a friend under certain conditions ten thousand dollars
which he had invested in a manufacturing plant in Connecticut which
Mr. Slater was backing.

The assets consisted almost entirely of the interest in the
corporate properties which the firm had acquired and stock in the
Connecticut concern. There was also a library which realized, when