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Guaranty Trust Company of New York 140 Broadway Capital $25,000,000. Surplus $25,000,000. Member of Federal Reserve Board Caple Address: "Fidelitas"

New York. October 1, 1919 Received Oct-2, 1919 H.C. Frick

H.C. Frick, Esq., Post Office Box 109, Pittsburg, Penns.

Dear Sir:-

    Attention-Mr.W.J.Naughton, See'y.
    We thank you for your letter of September 30, enclosing your check for $204,500. for hte third payment due today on account of your agreement with the Duveen Bros., Inc., dated May 21, 1918.
    Enclosed, please find your copy of this agreement, showing the payment duly endorsed, also receipted voucher for your check.
    Very truly yours,
    G.T. Scherzinger
    Assistant Treasurer.

58-152-5-59 (Enclosures)