Letter from John H. Stone to J. D. Giddings. Stone presents the "facts" of the financial history of the boarding house at Chappell Hill Female College. He and Mr. Carmer, as part of a joint stock company, were appointed a building committee to work on a female boarding house. Mr. Carmer initially rejected Stone's advice to remodel the existing building and set out to build an entirely new one. After purchasing lumber for the new building, Mr. Carmer realized the project would be too expensive and so returned to Stone's remodeling plan. However, the cost of the remodel turned out to be double what the building committee expected. Mr. Carmer failed to collect more stock before he died, and the stockholders have suffered for it. Mrs. Carmer's agent, B. D. Dashiell was sent to collect rent on the building, but he allowed Dr. Connor to delay this payment. Stone says that Mrs. Carmer should not bring any suit against the company but is welcome to sell her claim.