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M. KNOEDLER & CO., SUCCESSORS TO GOUPIL & CO., 355 FIFTH AVENUE, NEW YORK. CABLE ADDRESSES. KNOEDLER _ NEW YORK. KNOEDLER _ PARIS. PARIS OFFICE, 2 RUE GLÜCK.

August 18, 1902.

MR. H. C. FRICK, Frick Building, Pittsburg, Pa.

Dear Sir: I beg to acknowledge the receipt for Mr. R. F. Knoedler, of your check of $1,250, being his share of third five per cent dividend of the Steel Syndicate profit, for which please find enclosed receipted voucher.

Respectfully, C. H. Messmore

Dic. C. H. M. 1 enc.