Mercantile NAiHiSii Bank at Dallas 
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Capital, 
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January 25, 1934 
To Whom It May Concern: 
This is to advise that Mr. Peyton A. Ellison has 
done business with us for a number of years. It has been 
our privilege to serve him in many capacities and we are 
pleased to state, based upon our experience, his business 
has been satisfactory in every respect and he has handled 
his affairs with us on a basis of strict business integ¬ 
rity. 
Mr. Ellison came to us well recommended in every 
respect and our experience has been such that we do not 
hesitate to recommend him. He has our confidence and we 
believe that anyone he deals with will have the same exper¬ 
ience that we have had. 
Yours very truly, 
President 
