It doesn't quite look like that anymore. Here's a more modern view.
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Frank B. Eldredge sent this card to Jose Galavisi in Buenos Aires Argentina in 1907. Frank was a little perturbed. It seems he had sent Jose some American stamps in anticipation of an exchange, but Jose had simply returned the stamps.
The message reads:
Your letter with enclosures received
am sorry you returned the sheet of common stamps I hoped you would have sent me a sheet of common Argentine stamps in return or handed it to someone who would. I should like a list of what you desire in USA stamps and also would ask what catalogue you use for medium of exchange. Upon receipt of list from you I will send you what I wish in Argentine stamps provided your list contains stamps I can furnish.