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98 #915 Union Trust Building Detroit, Michigan, May 5th, 1904. John R. Russel, Esq., Care, Russel Wheel & Foundry Co., DETROIT. Dear Sir:- I beg to acknowledge the receipt of your check, to Mr. Freer's order for $62.50, in payment of interest on your note to May 1st, 1904; also a new note for $5,000, running one year from May 1st, 1904, issued to take up the old note dated May 1st, 1903. I take pleasure in handing you enclosed herewith, the old note endorsed paid, and with thanks for your attention, I remain, Yours very truly, JM Kennedy