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[[letterhead]] E.R. SQUIBB & SONS, NEW YORK MANUFACTURING CHEMISTS TO THE MEDICAL PROFESSION SINCE 1858 EXECUTIVE OFFICE: LOWELL P. WEICKER VICE PRESIDENT [[/letterhead]] July 8, 1935. Mr. Leon Loeb, c/o Jacques Seligmann & Co., Inc., 3 East 51st Street New York, N. Y. Dear Sir: We thank you for your letter of July 1, and wish to advise you that we are not now interested in acquiring office space in Paris. Very truly yours, E. R. SQUIBB & SONS [[signature]] Lowell P. Weicker [[/signature]] Vice President