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#33 Ferry Avenue,
Detroit, Michigan,
January 17th, 1908.

Mr. Henry Russel,
Care, Legal Department, M. C. R. R.,
Detroit, Michigan.

Dear Sir:-
I acknowledge, with thanks, the receipt of your letter of January 14th enclosing Certificate No. A2732 for 257 shares of the Capital Stock of Parke, Davis & Company, the same being complete delivery of the purchase of 357 shares made from you, and for which the following checks have been sent to you: - One for $7,379.00 and the other for $10,000.
There is still to come from you 100 additional shares of the above mentioned stock, for which I am to pay $5,000, and I take pleasure in enclosing check herewith, for that amount, payable to your order.
As named to you over the telephone day before yesterday, I would like to buy 70 additional shares, if you find it convenient to sell them. In speaking with you I mentioned 60 shares as the amount required,