The Bethesda Spring water business has been put into a stock company composed of men of responsibility and standing. Senator Sawyer, Executive Secretary Windom, Speaker Keiffen, and Congressman Guenther are included in the number. A good superintendent has been placed in charge and new agencies have been established. The capital stock of $200,000. now pays 6 per cent on par value. Most of the stock has already been taken but Lancaster has a few shares to sell to his friends at $60., the par value being $100. By the coming year it is expected to pay 8 per cent on par and possible 10 per cent. This is a good and safe investment and from Trenton's knowledge of the merits of the water he knows the sales will be large. The stock maybe sold any time at par. Lancaster is willing to enter Fenton's name for any amount of stock he may care to take and to answer any questions about the company. He will appreciate an early reply if Fenton desires to invest. contained in James Alphonsus McMaster papers :: I-2-d A.L.S. New York, New York 2pp. 12mo.