LETTERHEAD M. KNOEDLER & CO., 556-558 FIFTH AVENUE, NEW YORK. PARIS, 23 PLACE VENDÔME LONDON, 15 OLD BOND STREET. CABLE ADDRESSES } NEW YORK KNOEDLER } PARIS

} LONDON

/LETTERHEAD

RUBBER STAMP OFFICE OF H. C. FRICK RECEIVED MAY 2 1912 FORWARDED REFERRED ANSWERED /RUBBER STAMP

NOTE Ack 5/2/12 /NOTE

NOTE

See Journal #7 Folio #9 _____________ Journal #6 Folio #387 _____________ Notes & pictures exchanged /NOTE

Mr. F. W. McElroy, Frick Building, Pittsburgh, Pa.

Dear Sir:-

We are in receipt of your favor of the 30th ulto. enclosing our note dated October 31st, 1911 for $125,000, CHECKMARK for which we thank you.

We enclose check No. 209 to the order of Mr. H. C. Frick on the Corn Exchange Bank for $4,774.30, CHECKMARK being interest at the rate of 5% on our note dated April 30th CHECKMARK, 1912, and due January 30th, 1913. CHECKMARK

Very truly yours,

SIGNED M. Knoedler Co Per Henry Thole

Enclosure (1)

NOTE OK INDECIPHERABLE INITIALS /NOTE

NOTE 31 May 30 June 31 July 31 Aug 30 Sept 31 Oct 30 Nov 31 Dec 30 Jan ______ 275 days /NOTE

NOTE 6 | 125.000 _________ 6 | 20.83333 _________ 3.472222

5

_________ 17.361110

275 days

____________ 86805550 121527770 34722220 ____________ 4774.305250 CHECKMARK INDECIPEHRABLE /NOTE

NOTE CK $4,774.30 dep B. J. Co. 5/2/12 INDECIPHERABLE /NOTE