Scripto | Transcribe Page

LEFT LETTERHEAD FARJEON, BALLIN & CO. INSURANCE BROKERS 42 BROADWAY NEW YORK /LEFT LETTERHEAD

RIGHT LETTERHEAD TELEPHONE "1011 BROAD" CABLE ADDRESS "FARBAL"

/RIGHT LETTERHEAD

NOTE File /NOTE

RUBBER STAMP RECEIVED MAR20 1908 FOR Answered by /RUBBER STAMP

NEW YORK, Mch. 19th, 1908. CONFIDENTIAL.

Roland F. Knoedler Esq., M. Knoedler & Company, 355 Fifth Ave., City.

Dear Mr. Knoedler:-

In reference to your query concerning the placing of Mr. Frick's insurance, I beg to state that it is not customary in every instance to write a policy where the insurance is for a term of less than fifteen (15) days; as the insurance would expire in many cases before the policy is received and in order to facilitate the work of the Insurance Companies, and to prevent their charging us more than the minimum for such insurance, we accept in lieu of the policy a bill, however, not without having procured beforehand a binder which is good for the term of the insurance stipulated, and in a valid contract when signed by the representative of the Insurance Company as if a policy was procured and issued.

As to the rates that this insurance is written, I could not duplicate them as a whole for so low a figure entirely in the United States. You must recollect your instructions to me were that this insurance must take care of every possible casualty, and if you will note the copy of the contract that I left with you, you will note that this is one which I firmly believe has never been before underwritten for a parallel case in this country.

END OF PAGE 1/2