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COPY

October 28th, 1915.

Gentlemen:–

I beg to acknowledge and thank you for your letter of 26th instant, relative to your account rendered to Mr. Frick July 26th, 1915, amount to $656,130.00. The information contained therein was just what I wanted. I beg to confirm conversation with your Mr. Max Bruell to the effect that I expect to be in New York Monday, November 1st, to deliver to you Mr. Frick's check covering payment of the above account in full.

Very truly yours, Signed: W. J. Naughton

To MESSRS. DUVEEN BROTHERS, 720 Fifth Avenue, NEW YORK CITY, N. Y.