[Letter] Feb.24,1890,Smith College [to F.H. Giddings]

Feb. 24, 1890, Smith College.

Dear Friend,
      The supplementary
note of monograph is
hopelessly obscure. I read it
myself after letting it lie
in retirement for some
months, and if I had
been another fellow, I have
no idea I could have made
out the meaning. I must
try to expand it in a
restatement so as to make
it clear. Let us let it be
for the present and consider
the present question alone.
Is managing ability in
fact governed by a law of
increasing returns? If so is
the analogy to an impossible
kind of land a true one? Is
the rent from something
having a special power of
being a means of centralization
and, so, of economy or gain,
correctly presented in the
draft that I send? These are
the things that I want to be
sure of. May I bother you
once more with them?
The thing seems reasonable to me, but
I don't want to make any inconsiderate
charge on Walker, especially if he is likely
to make a considerate one on me, by way
of return, and tilt me into a ditch.
Excuse my continued bothering you with
it, but there is no one else whose insight
I feel like trusting to whom I also feel
free to apply.

            Yours Very Truly,
                  J. B. Clark