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H. C. FRICK PITTSBURGH, PA.

Underlined: REGISTERED MAIL

February 24, 1913.

Gentlemen:- By direction of Mr. Frick, I enclosed Union Trust Company's draft #13735 on Bankers Trust Company, New York, to your order for $100,000, being the net amount payable to your firm per accompanying voucher; also return herewith notes of your firm amounting to $125,000 and $250,000, respectively, against which there was a credit of $200,000 January 1st, 1913, leaving net amount $175,000. Yours very truly,


MESSRS. M. KNOEDLER & CO., 556-558 Fifth Avenue, NEW YORK, N. Y.

4 Enc.