This transcription has been completed. Contact us with corrections.
[[preprinted letterhead]] [[image-crest with bear and crown]] Telefon 56771 GRAND HOTEL CONTINENTAL MUNCHEN [[/preprinted]] Dear Germain. I finally saw the Raphael portrait. It is in my opinion a North Italian work & not in too good condition at that. The owner of the Milan portrait was away & not back till Sept 15th, so it was not to be seen, but I don't think we have missed much. Frankly I don't want to go into the Fouquet. I know he is a rare master, but the condition is such - I would not care to father it. Such a picture