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#915 Union Trust Building,
Detroit Michigan,
April 4th, 1901.

My dear Mr. Borland:--

I was both surprised and pleased to receive your circular letter of April 1st: surprised that you should have severed your connection with the Guaranty Trust Company, and delighted that you have entered a more active personal field.

Wishing you every success, good health, and happiness,

I remain,

Yours very sincerely,
Charles L. Freer

J. Nelson Borland, Esq.,
Care, C. D. Halsey & Co.,
Mills Building, New York City.