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May 28, 1957

Dear Mr. Seligman:

I am enclosing herein copy of Mr. Young's letter received today as well as copy of the proposed endorsement. I am also enclosing copy of the paragraph attached to the present policy to enable you to understand the change. I think we could be satisfied with this endorsement although in my opinion shipments by Air between the US and Canada would not be covered and would need a special insurance. We don't have too many shipments to Canada anyway. On the other hand I don't understand the wording of the last line in the endorsement. May-be I see a trap in anything but already but why has the last line to be included: "also excluding other transits incidental to such sendings"? What other transits?- Should you want me to answer Mr. Young's letter please advise and also let me have your view.--

Mr. Courtais finished the Moreau ptg. which was delivered yesterday. I think he did a good job.

Mr. Levitt the accountantinformed me that he has postponed the Fed. audit to June 12 (instead June 4) which is all right with me.-

By the way, from the city auditor I did not hear anymore. I expect him the week but he wanted to call before.-

With best regards,

Very sincerely