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[[preprinted]]
NEW YORK LIFE INSURANCE COMPANY
51 MADISON AVENUE, NEW YORK 10, N.Y.

DEVEREUX C. JOSEPHS
PRESIDENT
[[/preprinted]]

March 10, 1953

Dear Dr. Patterson:

You are very kind to think of writing me about your change of plans.

What is Tuskegee's loss will be gain for the Phelps-Stokes Fund. I was relieved to realize that you would still be able to put your weight in back of the Capital Funds Program of the UNCF for we need your influence and guidance very much.

I know I shall be seeing you soon. In the meantime let me wish you every success in this change.

Sincerely, 
signature[[Devereux Josephs)

Dr. F. D. Patterson, President
Tuskegee Institute
Tuskegee Institute, Alabama