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OAL;R

July 1st, 1936

M. Knoedler & Co., Inc.
14 East 57th Street
New York, New York

Gentlemen:
We received your check in the sum of $24.64, being the equivalent of French francs 340.92 at 6.64, your half of the Customs charges on the Daumier water color, "Don Quixote", for which we thank you.
Believe us to be,
Yours very truly,
JACQUES SELIGMANN & CO., Inc.
By:-