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^[[checkmark]] S GS/BD October 24th, 1925. Mr. Howard Sachs, C/o Goldman, Sachs & Co., 30 Pine Street, New York, New York. My dear Howard:- You will find, herein, a letter from the firm, and two checks to be credited to our account. I am writing you for two specific purposes: 1) What is this Foreign Exchange Department you are mentioning in your letter of October 23rd ? I do not understand exactly what it means, because there is nothing foreign with the securities you received. The coupons I want credited in dollars, and keep in that currency to our drawing account, and the firm Jacques Seligmann & Co., Inc., New York, is an American concern. 2) What do you think of the securities we have sent you? Should we keep them or sell them in order to buy different ones. Also what would you advise me to buy against forty or fifty thousand dollars of our drawing account. Thanking you in advance, believe me, my Dear Howard, Cordially yours,
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