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Nile Kinnick correspondence, December 1942-March 1943

1942-12-27: Page 02

and correct analysis of price trends. There is no reason why we can't play it as cagy as the next man, if we don't get in too much of an hurry. Now the unimproved 80 just south of grandma's farm sounds good to me. Why don't you make some casual inquiry of Cliff and then contact the California owner. Far be it from me to suggest the proper approach, but it might not be so smart to indicate that I was bound to invest in land. You will understand that I don't hope, or wish, to beat anybody out of anything - the crafty, sooner or later, are taken in their own craftiness. But on the other hand I am anxious that we use common-sense, practical methods and thus strike a good bargain. In my first letter I stated that if you were in agreement with the proposition I wanted you to get into action at once. Very possibly you have already written the gentleman in California. I hope so. Should nothing come of that inquiry please investigate in other directions, making full use of all contacts and advice available to you. Any period of inflation subsequent to purchase would render it more difficult for me to make payment from my Navy salary but easier from the land income. That is correct reasoning isn't it? I gather that you don't believe the strengthening of land prices this far, should militate against our going ahead. That being the case we should try to buy as soon as possible. Let us then consider the proposition feasible and you proceed according to your own judgment not waiting for confirmation from me. I want to maintain undisturbed the equity I have in my car, and the greater proportion of that in stocks and bonds. About $2300 would be the maximum I should want to invest, and $2000 the more preferable figure. Now don't theorize or speculate any longer. Let me know how I can best make the money

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and correct analysis of price trends. There is no reason why we can't play it as cagy as the next man, if we don't get in too much of an hurry. Now the unimproved 80 just south of grandma's farm sounds good to me. Why don't you make some casual inquiry of Cliff and then contact the California owner. Far be it from me to suggest the proper approach, but it might not be so smart to indicate that I was bound to invest in land. You will understand that I don't hope, or wish, to beat anybody out of anything - the crafty, sooner or later, are taken in their own craftiness. But on the other hand I am anxious that we use common-sense, practical methods and thus strike a good bargain. In my first letter I stated that if you were in agreement with the proposition I wanted you to get into action at once. Very possibly you have already written the gentleman in California. I hope so. Should nothing come of that inquiry please investigate in other directions, making full use of all contacts and advice available to you. Any period of inflation subsequent to purchase would render it more difficult for me to make payment from my Navy salary but easier from the land income. That is correct reasoning isn't it? I gather that you don't believe the strengthening of land prices this far, should militate against our going ahead. That being the case we should try to buy as soon as possible. Let us then consider the proposition feasible and you proceed according to your own judgment not waiting for confirmation from me. I want to maintain undisturbed the equity I have in my car, and the greater proportion of that in stocks and bonds. About $2300 would be the maximum I should want to invest, and $2000 the more preferable figure. Now don't theorize or speculate any longer. Let me know how I can best make the money