McCormack thanks Woulfe for his letter and for the kind hospitality Woulfe showed to McCormack's mother. McCormack then discuses investments, and notes that Canadian Pacific is a sound long-term investment in the Canadian economy. With reference to Woulfe's U.S. investments, McCormack informs him of the Foreign Investor's Act that is pending before congress, designed to encourage citizens of foreign countries to invest in the United States. Enclosure not with letter.
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