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[[Left Margin]] DIRECTORS ROBERT ADAMSON Vice President Central Mercantile Bank & Trust Co. ANCELL H. BALL President Best & Company WALDRON P. BEEKNAP Vice-President Bankers Trust Co. JAMES G. BLAINE President Fidelity Trust Co. of New York J. HOWES BURTON Burton Brothers CLARKSON COWl President James A. Hearn & Son ELIOT CROSS Cross & Cross HARRIS A. DUNN Vice-President American Exchange Irving Trust Company DOUGLAS L. ELLIMAN President Douglas L. Elliman & Co., Inc. EZRA H. FITCH President Abercrombie & Fitch Company MICHEAL FRIEDSAM President B. Altman & Company EDWIN S. FRIENDLY Buisness Manager New York Sun A.V. FROST Vice-President Black, Starr & Frost DUNCAN G. HARRIS Vice-President Brown, Wheelock Harris, Vought & Co. JOHN A. HARRISS, Capitalist WILLIAM W. HOPPIN Attorney at Law ROBERT H. KOEHLER Attorney at Law EMIL W. KOHN Treasurer Theodore A. Kohn & Son JAMES T. LEE President Shelton HOlding Corporation C. STANLEY MITCHELL President Central Mercantile Bank & Trust Co. WILLIAM J. PEDRICK Vice-President and General Manager The Fifth Avenue Association, Inc. J.R. POLLOCK Asst. to General Commercial Manager New York Telephone Company E.CLIFFORD POTTER President Three-Seventy-Five Park Avenue Corporation FRANKLIN SIMON, President Franklin Simon & Company JOHN SLATER Treasurer J.& J. Slater JOHN SLOANE President W.& J. Sloane WALTER STABLER, Comptroller Metropolitan Life Insurance Co. LOUIS STEWART Director GEORGE W. SWEENEY Vice-President Hotel Commodore GAGE E. TARBELL, Real Estate JOHN H. TOWNE Secretary Yale & Towne Manufacturing Co. WILSON H. TUCKER Director Lord & Taylor I.M. WHEELER President C.G. Gunther's Sons ARTHUR WILLIAMS Vice-President Commercial Relations New York Edison Company EDWARD C. WILSON Vice-President Empire Trust Company FREDERIC T. WOOD President Fifth Avenue Coach Company The Fifth Avenue Association 358 FIFTH AVENUE - - NEW YORK OFFICERS JOHN H. TOWNE, CHAIRMAN OF THE BOARD MICHAEL FRIEDSAM, PRESIDENT DOUGLAS L. ELLIMAN, VICE-PRESIDENT HARRIS A. DUNN, TREASURER ANCELL H. BALL, VICE-PRESIDENT WILLIAM J. PEDRICK, VICE-PRES. & GEN. MGR. THOMAS W. HUGHES, SECRETARY TELEPHONE: WISCONSIN 1200 In reply please refer to 6-S May, 21 1927 Jacques Seligmann & Co. Inc. 3 East 51st Street New York, N. Y. Gentlemen Attention Mr. Germain Seligmann Thank you for your annual dues amounting to $50., and for this expression of your continued confidence in the work of the Association. It is this kind of cooperation which makes it possible for us to carry on and to protect the great area over which we exercise a guardianship. Cordially yours M.S. Friedsam M. Friedsam President ILP Enc.1 "To conserve the highest and best interests of the Fifth Avenue Section embracing Fifth,Madison,Park,Fourth Avenues and Intersecting Streets"