His letter of May 12 announced tthe awarding of Frenaye's allottment of 19,400 francs which at 5 francs 30 will be $3, 660.28 which, after the commission of $9.15 is deducted, will be $3,651.23. According to instructions, he sends this in seven certificates of deposit on the Merchants Bank, New York. Having compared the rate of exchange with that of other brokers, he is sure Mr. Casirier will be satisfied. He asks, both for Mr. Frenaye's sake and his own benefit, that the drafts not be divided between Mr. Chazonenes? and himself in the same mail. This creates an unpleasant rivalry because these drafts come in at only two or three houses of their firm. Thus, Mr. Chazonenes, who has besides a draft for 12,796-53 sent by Frenaye another for 19,000 of the same kind, calls on the same buyers and this cannot be anything but unfavorable. Casirier hopes that Frenaye will understand his remarks. In the papers of Bishop Peter Paul Lefevere . :: III-2-h A.L.S. 3pp. 8vo.