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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