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433 #915 Union Trust Building, Detroit, Michigan, November 26th, 1901. Messrs. F. M. Zeiler & Company, #198 La Salle Street, Chicago, Ill. Gentlemen:-- Replying to your letter of November 25th, I beg to say that the reason your earlier favor received no reply from me was because of the nature of the price indicated. Under no ordinary circumstances would I think of disposing of my stock in the American Trust & Savings Bank at less than better than two hundred. Yours very truly, Charles L Freer