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M. KNOEDLER & CO SUCCESSORS TO GOUPIL & CO 355 FIFTH AVENUE NEW YORK Cable Addresses Knoedler-New York Knoedler-Paris Paris Office, 2 Rue Gluck November 30th, 1901.

Mr. H. C. Frick, Carnegie Building, Pittsburg, Pa. Dear Sir:- Complying with instruction from Mr. Jas. B. Townsend and as per your letter of October 8th, we are sending today by Adams Express prepaid your painting of the "Protocol of Peace" by T. CHARTRAN to the Charleston Exposition, insuring same in transit and while there for $20000. As requested by you we will charge your account with all outlays in connection with this shipment. Trusting this meets with your approval, we remain. Yours very truly, MKnoedler&Co