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[[checkmark]] 915 Union Trust Building, Detroit, Michigan, January 12th, 1909. Dear Anna:- On the 1st, inst., I purchased from the Union Trust Company, five Frontier Steamship Company's first mortgage 5% bonds for the estate of George T. Freer. I purchased these bonds on a 5 1/2% flat rate, and their cost amounted to $4,964.50. The money with which to buy the bonds was in the funds of the estate on the 2nd inst., excepting $177.18, which sum I advanced personally in order to complete the purchase. When the next interest is due on the bonds, I will collect it and repay myself the $177.18. The securities in the estate, all of which are now in my hands, are as follows: 25 bonds of the Shenango Steamship Co. of $1,000. par value $25,000. 5 bonds of the Frontier Steamship Co. above mentioned of the par value of $1,000. 5,000. Total securities par value $30,000. The interest on these securities being at the rate of 5% per annum, will amount to $1,500.00 per year. In order that you may know all details of the estate to date, I am handing you herewith, a statement showing the nature of