<​July 28​> My reasons for so doing were these. there are some who wish to purchase lots provided they can get a good title deed for the same, and who would be induced to make purchases and make an effort to raise money for the sake of getting a deed which — — — — — — — effort they would not be so likely to make if we could only give them a bond, this I think will work both to your advantage and ours, and hope that we shall be able by and bye to make some Cash sales. I hope this arrangement with will meet your approbation, altho’ it is a departure from the common rules of business, but was induced to do so from the advantages which will result from it and which I hope will be mutual. The amount of interest paid to after deducting $61.50 which was coming from him to you for rents was eighty four dollars and forty cents told us that you agreed to pay him as much interest for the money as he could get elsewhere; we accordingly (in good faith) allowed him at the rate of ten per cent. Hoping the course pursued will meet your approbation. I am respectfully your obt. servt. Joseph Smith Jr. [HC 4:171]— P.S. you will recollect the verbal agreement entered into by us that the notes for the interest would not be exacted for at least five years. Notwithstanding which we will use our endeavors to meet them as fast as possible, and think that when I have the pleasure of seeing you again, that you will be fully satisfied with the course we have taken and our endeavors to meet all our engagements— J. S. Jr.