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[[preprint]] TAC [[/preprint]]
Jacques Seligmann & Co Inc.
3 E. 54th St New York


I am pleased to advise you that the Picasso Aquarelle arrived here safely.

Have you an accounting for this picture in New York? The customs took my invoice and while the transaction is known I'm not certain whether it was in francs or dollars.  If agreeable I shall send a draft for 24500 francs to Paris.  ^[[NO!]]

Please advise me
Yours very truly
^[[signature]] Thomas C Adler [[/signature]]

^[[ 245. 38
[[tally line]]
[[double underlined]] $931.00 [[/double underlined]] ]]
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