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M CT/TP

January 31st., 1933.

^[[checkmark]]

Miss A.B. McNamara,
Office of Mr. Julius Fleischmann,
4001 Carew Tower,
Cincinnati, Ohio.

Dear Miss McNamara:

In answer to your letter of January 30th., I just want to tell you that I wrote to Mr. Fleischmann the other day suggesting that he should reduce the valuations which he put on his tapestries by at least Twenty percent (20%). You will, therefore, probably hear from him in due course.

Yours very truly,

JACQUES SELIGMANN & CO., Inc.

By,