Duveen Brothers

720 Fifth Avenue New York

March Third 1919.

Received Mar -5 1919 H.C.Frick

JD-A Dear Mr. Frick,

    You will probably remember that a few months ago you asked me whether I had made use of your account for Two Million, Two Hundred Thousand Dollars odd for the purpose of a bank loan, at which time I informed you that I had not.
    The recent death of my Uncle has necessitated various financial arrangements for me to make, in order to enable me to buy our the interests of my Uncle in this business. My Uncle had appointed the Guaranty Trust Company of New York as Executor and Trustee, and in order to enable me to deal with the matter to the interest of all concerned, I have made arrangements with the Guaranty Trust Company whereby the above account has been assigned to them as security. 
    In view of the fact that you inquired about the state of this account some time ago, I feel tht I owe it to you to advise you what has taken place.
    Trusting that this will be entirely satisfactory, and [page missing], believe me,

     Yours very truly,

Joseph Dueen