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[[letterhead]] M. KNOEDLER & CO., INC. 14 EAST 57th STREET NEW YORK PARIS. 17 PLACE. VENDOME LONDON 15 OLD BOND STREET CABLE ADDRESS NEW YORK PARIS KNOEDLER LONDON February 24th, 1933. Messrs. Jacques Seligmann & Co., Inc., 3 East 51st Street, New York City. Gentlemen: We have duly received your letter of February 23rd, enclosing your check of $2,200, formal receipt for which we hand you herewith. With assurances of our appreciation, we are Sincerely yours, M. KNOEDLER & CO., Inc. [[^John Cunningham]] JJC:G encl.