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We enclose herewith statement of sales to July 1st - this being the date we understood we were to make it up. We have as yet heard nothing from the English copies sent on consignment.

The amount due under this statement is at your orders. Shall we use it to pay the balance of the Heliotype Printing Co's a/c, or pay it over to you, or hold it as against legal expenses? W Maybridge has returned, and last week he called on us and informed us that he should bring suit shortly.

Yours truly

James R. Osgood & Co