[COPY] Guaranty Trust Company of New York 140 Broadway Loan Department No. 3263 PLEASE SIGN BELOW AND RETURN THIS COPY [RECEIVED JUL 7 1920 H.C. FRICK]

July 2, 1920. 58-156-2

Estate of H. C. Frick, 1924 Frick Building, Pittsburgh, Pennsylvania. Gentlemen: Attention of Mr. W. J. Naughton We acknowledge receipt of your letter of June 30, enclosing check for $104,500. to cover the ninth payment and interest due on account of agreement between Mr. Frick and Duveen Brothers, dated May 21, 1918. We are returning herewith your receipted voucher, and by separate registered cover are forwarding to you the agreement form on which the above payment has been endorsed. Please acknowledge receipt on the copy of this letter which accompanies the registered package. Yours very truly, G. T. Scherzinger Assistant Treasurer.

Enclosure Reg. Mail

Date Pgh. Pa. 7/7/1920 We (I) hereby acknowledge receipt of the above described securities. Signature Estate of H. C. Frick by W. J. Naughton