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Juy 31st, 1919.


Dear Sir:-

    In accordance with your letter of March 3rd, to Mr. Frick, I hereby inform you that the second payment under agreement of May 31st, 1918, between Mr. Frick and Duveen Brothers, has been paid to the Guaranty Trust Company of New York.
     Very truly yours,

To MR. JOSEPHN DUVEEN, c/o Duveen Brothers, 720 Fifth Avenue, NEW YORK, N. Y.