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[[Letterhead]] 
-YALE-
The Yale & Towne Manufacturing Company
EXECUTIVE OFFICES-NEW YORK

OFFICE OF
F. DUNNING
TREASURER

CHRYSLER BUILDING
405 LEXINGTON AVE
[[/Letterhead]]

July 2, 1935.

Jacques Seligmann & Co. Inc.,
5 East 51st Street,
New York, N.Y.

Gentlemen:

In reply to your letter of July 1st, we beg to inform you that we are not at this time interested in renting space at #9 Rue de la Paix, Paris.

Yours very truly,
[[signature]] F Dunning [[/signature]]
Treasurer.

FD:S