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X——, May 18, 19—.

Messrs. Singleton & Price,

C——.

Dear Sirs:—

Replying to your favor of the 15th inst., we beg to say our business relations with Messrs. Sullivan & Co. have been hitherto most satisfactory, and we have a personal esteem for them as men of thorough integrity.

Yours truly,

The Fifth National Bank of X——,

Per H. Fletcher, Cashier.