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470

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No advice in connection with the shipment of things from Cairo, has been received, nor has the Kalebdjian jars come.

To-day, I am paying for the fifty-one frames for the Gravesande etchings which Mr. Griffith's, of the Art Museum, had made; the payment of which, you requested me to make before you went away. Mr. Griffith had to have some of the frames remade, which is the reason for the bill not being presented earlier. He thinks the frames are now very satisfactory, and will be pleasing to you.

The Art Metal Construction Company has completed the instalation of the Kakemono cases which did not work well, and Stephen says they are now very satisfactory?

The cash balance in the Banks is about the same as last given you.

In explanation of the $1,500.00 paid account Mr. Ruelbach's note, I would say that the Magnus Metal Company sold out to the National Lead Company on a basis of one and a quarter National stock, for one share Magnus stock, and this National stock, being taken up by a syndicate of bankers at $96.00 cash, per share flat; so that Mr. Ruelbach will realize $500.00 over the amount you advanced him to purchase the stock. He authorized me to send the original