I did not mention my experience in the tower, until after I had finished writing the account of it, for the reason that I was anxious that discussion with others should not disturb any of my impressions of the visit with the ghost--at least until after I had recorded them. When the story was completed, I mailed the manuscript to my friend Jacobs, and, in a few days, received the following reply: My dear Mr. Reed:-- I have read your narrative with much interest, and am delighted that a path appears to have been opened that may lead to an explanation of many queer and mysterious things that have happened on my Michigan farm during the past few years. I had no idea that my water tower was the abode of a distinguished spook, and I congratulate you on having met that fine old remnant of a past age face to face. I envy you this honor which I hope I may also enjoy at some time in the future. Of course I have known for a long time about the ghost of Matt Jaeckel. It has been on the place for years and has chased so many people at different times that we have all come to consider it as an old acquaintance, but you seem to have unearthed an entirely new specter. I am afraid that if any more ghosts appear on my farm I will have difficulty in selling the property if I should ever conclude to dispose of it. I was deeply interested in the old robber baron’s spiritual history down to the time of the arrival of the little crew of eminent phantoms in New York. I must confess that I felt somewhat shocked at some of his comments on the business activities of that city. I have a great many friends there who would have materially changed his belief in the moral hopelessness of his modern surroundings if they had been in a disembodied state and in a position to explain many things to him which the shade of Waters apparently ignored. Waters evidently had been a pirate, pure and unadorned--a type of the financial thimbleriggers and wild-cat operators who claw at everything and everybody they can reach. It seems quite natural that his spirit should mingle with the piratical wraithy flock on the steps of the sub-treasury, but I think if the phantom baron’s story is to go out into the world you ought to send some sort of an antidote with it. While it is perfectly true that there is a lot of iniquity in New York just as there is everywhere else, it must not be forgotten that vast enterprises have originated there that have been of infinite value to mankind. I think the observations of the ghost might well be taken as a text, and I am tempted to express some of the thoughts that came to me while reading the story. Of course we cannot argue with a ghost, any more than we can convince a deceased writer that he was wrong, but we may always combat what we believe to be fallacy, whether its author is in existence or not.