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Duveen Brothers 720 Fifth Avenue New York

July 6th, 1920.

W. J. Naughton, Esq., Estate of H. C. Frick, Pittsburgh, Pa.

Dear Sir:– We are duly in receipt of your letter of June 30th, 1920, advising us of the payment to the Guaranty Trust Company of New York, of the ninth instalment payment under agreement of May 21st, 1918, between Mr. H. C. Frick and ourselves. We are pleased to inform you that the Guaranty Trust Company of New York have duly advised us of the receipt by them of the payment, and we have duly credited the amount to the amount of the Estate of H. C. Frick. Thanking you for your courtesy, believe us Yours very truly, DUVEEN BROTHERS, Inc. By C. F. Bainas?