Autograph Note Signed "Fred Pegram" to J. Penderel Brodhurst, journalist and author.

One page, 16mo, spike-hole, mainly good, complete and clear. "I believe the copyright of my drawings which appeared in the P.M.B. [Pall Mall Budget] belongs to us. I made a distinct arrangement to that effect with regrad to drawings I made for the P.M.[Pall Mall] Magazine, altho' I made no agreement (in writing) either way with the 'Budget', the Manager would, no doubt' be able to tell you."