Letter from WSC (Villa Cassel, Moerel, Valais, Switzerland) to "Jack" [John S Churchill] in which he expresses regret that he sold shares at the wrong time; reports that he won 260 pounds in the Deauville [France] casino; discusses his travel plans and the constitution of Transvaal [South Africa]; and reports that he has been corresponding with King [Edward VII] and has put "everything on a much better footing in that quarter". Signed manuscript.