N.Y. June 23 1902
To H.O. Havemeyer and others, Gentlemen:
The statements submitted, dated May 3,1902, and which reveal total liabilities of $114,565.67, and total assets of $666,964.31, showing net assets of $542,398*44, I hereby guarantee the net result of such to the respective companies to be not less than $500,000.
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