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July 14th, 1937

Dear Sir:

We herewith beg to advise you that we are shipping to you today per Railway Express the water color by Pablo Picasso, "Harlequin" which you purchased through our Paris house.

Asking you to kindly acknowledge the safe arrival of this picture,

Please believe us to be

Yours very truly,



Thomas C. Adler, Esq.
% Adler & Company
Harrison & Queen City Avenues
Cincinnati, Ohio
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