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New York, May 27, 1931
To the Chairman of the Committee on Admissions
of the New York Stock Exchange

Dear Sir:

I have agreed to transfer to

[William

McC.

Martin,

all right, title and interest in my membership[ExRight]intheNewYorkStockExchange,
subject to the approval of the Committtee on Admissions, and the Constitution of said Exchange.

Albert N. Edwards
1 hereby accept the above agreement.




WilliamMcC. Martin, Jr.

Jr.]