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^[[✓]] N CT ES November 17,1925 Mr. J. J. Nutting, 955 Park Avenue, New York City. Dear Mr. Nutting, We would like to call your attention to a most remarkable late 16th Century Spanish picture which we have recently acquired from a French collection. It is a portrait of a very good looking lady of title in the elaborate dress of the period, and it is painted by Pantoja de la Cruz, who was one of the favorite painters of Philip the Second and Philip the Third before Velasquez. There are about a dozen examples of his work in the Madrid gallery, but our picture is considered to be one of the finest things he ever painted. If you feel that you would be at all interested, we would be very pleased to show it to you at any time you could conveniently call in here. Hoping to be favored with your visit, we are Yours very truly, JACQUES SELIGMANN & CO.,Inc. By