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915 Union Trust Building,
Detroit, Michigan,
January 29,1907.

J.C. McCaul, Sec'y,
Alger-Sullivan Lumber Co.,
1004 Union Trust Bldg.,
City.

Dear Sir;-
I beg to acknowledge the receipt of yours of even date, enclosing to my order, check for $4,500.00, as dividend on my holdings in the Alger-Sullivan Lumber Company.
Very truly yours,
Charles L. Freer