Novesmber 17, 195£ 
Mr. Fred Y/aller 
Paramount Publix Corporation 
544 Rest 45rd Street 
New York City 
Dear i!r. Waller: 
L 
Naturally, I am disappointed and very sorry that you could 
not make use of the underwater negative. 
I was under the impression that what we had spent in the 
way of gas, use of boat^ and iiired help, together with my own personal 
time and effort would more than offset any cost of negative and 
developing that would fall to your lot. However, since you have 
kindly sent me the negative — and I am glad to have it — I shall have a 
positive made of it and ao my best to recover what I can of the cost 
of the positive and the negative by means of lectures. As regarcs 
reimbursing you folks, I will have to ask you to be patient. I do 
not intend to make this a sob story, but I was uncomfortably nipped 
in the failure of the Washington Departmental Banx in wldch I own 
fifteen shares of stock and had my savings account. Aside from 
not having any saving s' available and not expecting any great return 
from thein, as stockholder I have been assessed for the full value of 
the stock and must pay that within ‘the next six months. 
As soon as I can get bu^ with a positive and earn some- 
thing on account, I shall be glad to go fifty-fifty with you until 
I liuve paid the full amount to which you feel entitled. I say »*fifty- 
fifty” because I want to use half of my expected eaniin^a to apply 
toward the coat of the positive; the onher half I am only too glad 
to devote to the cost of tiie negative. In aue time I hope to square 
all accounts with you. I am sincerely sorry Uiat I cannot ao it at 
once. 
I think you and Mr. Kellermann for your several kindnesses 
to me and hope that one of these days I can repay you in more ways 
than just reimbursing you for this negative. 
Wich kind regards. 
Waldo L. Schmitt, Curator, 
TtLb:L'ic Division of Marine Invertebrates. 
