Inscription in ink, possibly Gene Fowler, in top left hand corner: "Feb 8, 1933."
Telling Fowler that he promised "M. Rose" to write a "bag full of sketches, songs, dance numbers-all free, all superb, all guaranteed to make his name shine on the street he loves ...", but that he has written nothing; mentioning Selznick and MacArthur; discussing his finances, which despite not being enough, he refuses to sell the foreign rights to the play; saying that Rose Caylor is still writing her muse and that he gave her the flu; requesting that Fowler tells Rowland that he will mail Grosz back to him; adding that Paramount lawyers are upset about Ray Goetz's threats to sue if they produce "The Magoo"; stating that he was approached by a [unnamed] magazine about contributing, but expressed that it can't be anything pornographic, in which he responded with a pornographic drawing; adding that "Orlando Heyward" has returned from Florida; asking if Paramount is going to produce the tale they wrote for "John Let Us Go by Stahl"; concluding that he has started taking up drinking.