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LETTERHEAD M. KNOEDLER & CO., 355 FIFTH AVENUE, NEW YORK. PARIS, 2 RUE GLÜCK. LONDON, 15 OLD BOND STREET. CABLE ADDRESSES } NEW YORK KNOEDLER } PARIS

} LONDON

/LETTERHEAD

April 10, 1903.

Mr. F. W. McElroy, C/o H. C. Frick, Frick Building, Pittsburg, Pa.

Dear Sir:

We beg to acknowledge Mr. Frick's check for $39,400, proceeds of our three months note dated April 11th. You will notice some slight mistake in the voucher, and we therefore return it to you in order that you may send us a correct one.

Thanking you for the check, we remain,

Yours very truly,

SIGNED M Knoedler & Co.

1 enc.