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Jefferson Church.
Prest.

Geo. B.B. Lamb.
V. Prest. 

H.E. Dreier.
Secy. And Treas.

Address All Communications To The Company, New York Office 

Chicago Office,
22 Quincy Street.

Lock-Stub Check Company.,
New (Incorporated.) York.
Main Office and Factory
Bush Terminal 253 36th Street
Brooklyn, N.Y. April 4, 1913.

Miss Dorothea A. Dreier,
C/o Hope & Co.,
Amsterdam, Holland.

My Dear Dorothea:-

Regarding the Vickers' rights, about which I wrote you the other day, Naylor, Benzon & Company advised to sell one- [[strikethrough]] half [[/strikethrough]] sixth of our present holdings, and with this money buy the rights on the balance of our holdings, the result of which will be that we will have the same at the end & make about $1,000.-. They will send you the necessary papers to sign, which please attend to immediately when you receive them, and do not delay, as otherwise you may lose your profit. 

I have also written Vickers, Ltd., as per copy of letter enclosed asking them to mail the subscription form to you, C/o Hope & Co., so when you get this, sign it, and sent it back to Naylor, Benzon & Company, 20 Abchurch Lane, London, at once. 

I have just cabled Naylor, Benzon & Co. about this, so their letter will probably reach you before this does, and to make sure that you will know about it, I will probably cable you also to-morrow. 

You have 3464 ordering shares; if you sell one sixth (1/6) say 577 shares at about 40s/-, the market price. This will give you 23,080. shillings & you will have left 2887 shares (3464 - 577 = 2887). The rights are 1 new share for every 5 old shares, therefore you will be able to subscribe to say 1/5 of 2887 shares or say 577 new shares, the same amount that you sold of the old. These new shares will cost 30s/- each equal to 17.310." which leaves -5.770 shillings equal to a profit of about $1,400.- This may be a little less owing to commissions & the market value of the old shares should they be under 40s/-

[[stamp]] Archives of American Art [[/stamp]]

Transcription Notes:
"d" was abbreviation for pennies in old English currency. It is not a 'd' but 's' for shillings. See ahead p. 36. In those days 40 pennies would be written as 3s/4d. Also the total would not work out to give a value of 23,080 shillings if the 40 were pence.