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M. KNOEDLER & CO., INC. 14 EAST 57TH STREET NEW YORK PARIS, 20 RUE DE LA PAIX LONDON, 15 OLD BOND STREET CABLE ADDRESSES "KNOEDLER" NEW YORK PARIS LONDON October 30, 1935 Jacques Seligmann & Co., Inc., 3 East 51st Street, New York City Gentlemen: We acknowledge your favor of the twenty-eighth instant and take due note that you have one-quarter share in the Daumier "Don Quixote and Sancho Panza". Very truly yours, M. KNOEDLER & CO., INC. [[handwritten]] Henry Tholes [??] [[/handwritten]] HT F