One letter to Frederick Wolcott. Gives details of a meeting of the interested parties of the China concern; states that the goods are to be valued at present market prices and divided according to share; feels the price of the goods will rise. Remarks on the war that the principle danger is from internal divisions; he feels the government must be supported and that men must tolerate the opinions of others; notes that the country can survive a foreign war but feels that Civil War will destroy everything. Gives notes on business and family news.