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MALCOLM N. STONE 
3 SOUTH GROVE STREET 
EAST ORANGE, N.J.

March 15 - 1921

My dear Mr. Pepper,

As I told you on the telephone I sold a good majority of the cover you gave me having received 10 dollars as payment for which I am enclosing my check. I will advise disposition on the balance later - altho the good ones are gone.

  The balance of your stamps with some possible few exceptions are not