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Prof. Paolo Paolini
38 West 59th Str.
New York City

[[right aligned]] New York Dec. 8 1924 [[/right aligned]]

Jacques Seligmann & Co. 
705 5th Ave.
New York City

Dear Sirs:-

It is my desire that you should be a purchaser at the Sale of my Pictures at the American Art Galleries on the evenings of December 10th and 11th, and therefore I wish to extend to you the offer of credit in accordance with the following terms:

One third of the amount purchased in thirty days, balance in three months with 6% interest from date of sale. 

With my best regards, I beg to remain, 

Very truly yours, 

[[circled]]
[[signature]] Paolo Paolini [[/signature]]
[[/circled]]

[[Large handwritten initials in centre of page]]