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205

(X) 

April 12, 1894.

Mr. James C. Biddle,
Philadelphia, Pa.

Dear Sir:

I know the Wyandotte & Detroit RIver (River) Railway Company’s property. Having made a partial examination of it and its equipment, it seems to me a first-class property and extends through a territory which makes the securities predicated thereon a good investment. I know well the owners of the road, Messrs. Swift and Hendrie. They are men of excellent standing in the community, and have built the road, as I am informed, with the intention of holding the stock therein so long as the charter of the road runs.

The bonds are regarded in this market very favorably, and I have no personal interest in the property.

Yours truly,
C. L. Freer

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