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^[[N.Y
Mr. Levy + Mr. R.S. to see
√      RS  RL.]]

OT/ML

Paris, September 27th 1932

My dear Mr. Suydekin,

The failure of business conditions to improve during the summer and early autumn has moved us to decide that in the best interest of your art, it would be perhaps better to postpone the exhibition of your work, until times are a bit more propitious.

Mr. Germain Seligmann and I have talked this matter over quite seriously and we have agreed that with the best interest of your art in mind, that you should be released from any obligation to us, as agreed in the letter you signed May 1932, as we had in mind to start our co-operation already this autumn, with the big exhibition we have planned, we feel extremely sorry that an improvement in economic conditions on which we had counted does not allow us to go ahead with this plan.

We say this with the sole thought in mind, that in fairness to you, you should not be bound to us by any agreement during these difficult times, and in the interest of your art, you should be free to take advantage of any more promising arrangements that might be presented to you.

We have all the most profound respect for your talent, and the greatest confidence in your ultimate recognition, and we will always be happy to do whatever we can to assist you.

We expect to return to New York around the middle of October, and look forward with much eagerness to the pleasure of seeing you and your summer's production.

With best wishes for your health and assurances of our professional and personal regards, please believe us to be,
Very sincerely yours,

Mr. Serge Suydekin
c/o M. Murray Hoffman, 132 East 79th street, New York.