Document 85nyrvjQmMjGmJzgeLBQKggjk

The Commercial National Rank AND TRUST COMJtoNY op New York t June /., Fcumr taWoHiwii yMr. f. K. P'itterecn Uetnl: f.c: rrvc CoMpary Vsshi r. t or., 0. C . Peer Mr. Pcttersont Witt refnrenee to our telephong conversation of yesterday aft moon, th- follor.ing It an oreerpt taken fro* letter received from Raw Asbestos Cietributors, Ltd., Spotltnd, Rockdale, dated Vny 2J., 1913* "'re r.f.v* noted your various remarks, but would ir-'orm you that we are acting under the instructions of Metals Resorve Company as to the bank on your ride through which shipping documents anc drafts *:e presented to then. In the absence of instructions from the* tV.t dr--ft a and documents should be presented to them through you, re are unable to take any action." As 1 think you will agree with ae the above supplier apparently is under the misapprehension that you desire all their drafts to * direct ed through the intermediary of Bank of the Manhattan Company, due to the fact tlat your original instructions to this effeet prior l the conclu sion of tie letter of credit arrangements between us were not definitely count.r .sr.ded. As I indicated yesterday, prior to ths present set-up we had the pleesure of handling over 90% of these South African and Rhodesian asbestos imports, including those shipment* originating with Raw Asbestos Plrtributc:i, Ltd. There active relations by ua in former days v.ere due to our close business connection* with many of the loading asbestos im porters such as Johns tfanvills Corporation, Raybestos Manhattan Company, Reasbey 4 !lattl**n Company, Southern Asbestos Company, Union Asbestos 4 iiuober Company, and others. We belisve in all fairness that ws should be entitled to share In handling m* of the Raw Asbestos drafts because of our previous positlen wltd above, la this connection It would be greatly appreciated if you would consider cabling at cur expense or addressing an alraail letter to Raw Asbestos Distributors, ltd., indicating to then that you have no objection to their routing tboe* drafts through ear intermediary, as there is no doubt the company will take no aetlon unless Instructed affirmatively by you. With thanks in anticipation of your courteous cooperation in the above and my warm personal regards,