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May 5th, 1932.

French Chamber of Commerce,
4 East 52nd Street,
New York City. 

Dear Sirs:

Mr. Germain Seligmann requests me to return to you the enclosed bill for membership of Jacques Seligmann & Co.,Inc., as he has decided on account of present conditions, not to renew it. 

Very truly yours,

JACQUES SELIGMANN & COMPANY, Inc.

(Secretary)

Enc.(1)