still think that if the theatre would have shown a more liberal policy about the guarantee we might have pulled it out. But we had to do over 10,000 to stay as I am in no position to stand any more drain on my resources and I am out a pretty heavy loss on the venture. When the theatre wouldn't abate a cent on the guarantee they made me give them there was nothing else to do but let the company have their notices. Of course it is no use trying to do anything on the road.
As we are closing next Saturday night and it looks like a business of only about 3,300 this week unless the Sat. business pulls it up a little your royalties of course will be pretty small. This is a personal disappointment to me, as I had hoped and fully expected to be sending you big checks to spend over there but as a matter of fact I will probably have to borrow about $4,000 myself to clean up. If anything goes through to pull us a little way up out of this deep hole I will let you know but present prospects would not warrant any great confidence in it.
I will send you a complete statement in a few days but as you would probably like to know how we stand I will give you a rough idea. I advanced you $1,000 on acct. future royalties the Sat. before you sailed as you will recall everything being squared between us to that date. This left you owing me the $1,000 advanced which we both fully expected would be practically covered by the next week's royalties, but that was the week we had the drop. I figure that the total royalties due you by Sat. night next when we close will amt. to about $750 to $800 which will leave you owing me between $200 and $250 or somewhere around there. Anyhow you will receive the complete box office statement very soon after this and you can remit me the exact amt. at your convenience.
I am sorry I haven't better news, but we are all pretty down in the mouth about this and the only thing we can say is that it is just the luck of the theatrical business and