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June Fourth 1920

JD-A

Dear Mr. Naughton,

    I have pleasure in acknowledging your letter of May 29th advising us of the payment to the Guaranty Trust Company of New York, and have since been advised by that Company of the due receipt of the payment, adn we have duly credited the account.
    Believe me,
    Yours very truly,
    Joseph Duveen

W. J. Naughton, Esq. Estate of H. C. Frick, Pittsburgh, Pa.