View source for Letter from Duveen Brothers to H.C. Frick, 2 August 1916 (page 1 of 5)

Duveen Brothers                                                         720 Fifth Avenue
                                                                                   New York

                                      August Second
                                         1 9 1 6



H.C. Frick, Esq.
New York, N.Y.

Dear Sir:
         
         We take pleasure in handing you herewith enclosed
statement and invoices for various objects of art sold to
you, and statement of expenses in connection with the Fragonard
Room, and purchases made for said room, amounting in all to 
five million and sixteen thousand, nine hundred and 
twenty-eight and 25/100 dollars, ($5,016,928.25).
          We also confirm our understanding that payment for 
the above will be effected by delivery to us of thirty-three
thousand eight hundred (33,800) shares of common stock of the 
Atchison, Topeka &Santa Fe Railway Company, each at $100.00
par value thereof, to be taken as having a value of one hundred
and five ($105,00) dollars per share. Also,
           One million ($1,000,000.00) dollars of Anglo-French
Five Percent Five-year notes, to be taken as having a value of
ninety-seven (97)-(this being at 95 1/2 and accrued interest of 
1 1/2) for each $100.00 par value worth of bonds, and