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^[[checkmark]]

WJ

Oct. 22, 1920

Messrs. P.W. French ^ Co.
6 East 56th Street
New York City

Dear Sirs,-

We beg to hand you enclosed herewith your note for:

$20,400.--
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against which you have handed us check for:

$5,400.--
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and new note for:

$15,300.--, maturing Feb. 19, 1921.
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Very truly yours,

JACQUES SELIGMANN & CO. INC.,

By