Letter from George T. Melvin to B. K. Purdum, 1913

GEORGE T. MELVIN PRESIDENT * . J. MARSHALL CAUGHY ASA A. JOYCE SECRETARY Annapolis Banking & Trust company ANNAPOLIS. MARYLAND. January 13, 1913. Ur. 3. K. Purdum, Secretary and Treasurer, Maryland State normal School Building Commission. Dear Sir: 77e desire to make application that The Annapolis Banking & Trust Co. he designated as a depository of a portion of the £600,000 building fund which we understand will soon come into the hands of the Corranission. '.7e will pay three and a half per cent, interest on whatever amount is deposit¬ ed with us, which we hope will not be less than £20,000, hut as a bond will no doubt be required in this case as is almost invariably required from de¬ positories of public funds, we think the expense of the bond ougjit to be deducted from the interest. 7/e stand ready to furnish an acceptable bond. I beg to hand you herewith a copy of our daily statment, showing the condition of the bank at the close of business yesterday. Yours very truly,