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Mr. Germain Seligman   -2-   2/21/56

The Bond Wheelwright Company (an Illinois corporation) and Bond Wheelwright Publications, Inc. (a New York corporation) are now legally out of business.

Accordingly and under the circumstances which you already know about and which I am describing herein, the best I can do is to enclose my personal check to the amount of $40.71, which will have to represent full settlement, account to date.

Immediately upon our being paid for the books remaindered we will remit to you a check for $95.00, being your share of the net proceeds of the books being remaindered according to this letter.

As I have said many times before, I regret the turn of circumstances that precipitated this whole situation, however under the circumstances I feel that I have done the best that I possibly could for all concerned.

Cordially yours,

Bond
Bond Wheelwright

BW:rm