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June 30th, 1920.

Dear Sir:– I enclose herewith check of the Executors of the Estate of H. C. Frick to order of the Guaranty Trust Company of New York, for $104,500.00, to cover ninth payment and interest due as per agreement between Mr. Frick and Duveen Brothers dated May 21st, 1918. The agreement is enclosed herewith for the purpose of endorsement. Kindly return same promptly to the office of Estate of H. C. Frick, 1924 Frick Building, Pittsburgh, Pa.

Very truly yours,

To MR. G. T. SCHERZINGER, Asst. Treas., Guaranty Trust Company of New York, 146 Broadway, NEW YORK, N. Y.