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227

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April 27th, 1899.

Mr. John McEwen Ames,
Berwick, Penn'a.

Dear John:-

In compliance with your request made to me last winter, I set aside for you 100 shares of Michigan-Peninsular Car Co. Preferred at -63, the cost to you being $6300.00. I have since received the cash payment of 50% thereon, $5,000.00, leaving a balance due from you for payment of the stock of $1300.00. I have given instructions to have issued in your name fifty shares of Preferred and fifty shares of Common stock of the American Car and Foundry Company, being the quota of stock in that company due you under theagreement [[the agreenment]] on the above 100 shares of Michigan-Peninsular Preferred. 

The American Car and Foundry Company Stock in your name will come to me. Now as regards the repayment to me of the $1300.00 balance due thereon. You can remit to me now and when I receive the stock I will at once turn it over to you, or you may give me your demand note for thirteen hundred dollars, withfive [[with five]] per cent interest and I will hold the stock as collateral thereto. Which do you prefer?

Yours truly,
Charles L. Freer

Transcription Notes:
---------- Reopened for Editing 2023-09-23 11:16:40 ---------- Reopened for Editing 2023-09-24 02:17:06 Corrected "Amos" to "Ames" and changed minor spelling mistakes. ---------- Reopened for Editing 2023-09-24 16:01:34