Today's newspapers confirm shocking report heard last night. Imagines loss and ruin to members. Confident that exalted character of PS's uncle will result in uncle being found blameless. Certain that James [C. Stewart], as new partner, could not bear any shame for magnitude of this long-standing problem. Hopes PS's mother will bear up well. Offers to assist Mrs. Stewart financially. Grateful that James had not yet left for Munich before this happened. Margaret is in shock.