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October 18, 1917.

and as yet no reply to the cable has reached me. I felt when cabling that inasmuch as the cost of silver had reached the highest price in over thirty years that you might prefer to leave the $20,000 on deposit to your credit with the Guaranty Trust Company of New York City, which is the large bank with which you did business when last in this country. As soon as I receive word from you I will follow your desires - that is, send $20,000 by cable or place it on deposit to your credit with the Guaranty Trust Company.

Early in November, when I am in Detroit, I will examine the entire shipment carefully and let you know how many of the group I wish for my own collection, and will then write you more fully as to what disposition can be made of the balance.

I enclose a clipping cut from the New York Sun of October 7th which will give you information concerning silver and its extraordinary rise in value.

With every good wish and cordial remembrances to Mr. Pang, I remain,

Sincerely yours,

Enclosure.
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