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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.