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July 23rd, 1937

Dear Sir:

We beg to acknowledge receipt of your letter of July 21st, and for your information are enclosing a duplicate invoice for your purchase of the water color by Picasso, showing a balance due of $1,100.00.

If not inconvenient to you, we should very much appreciate receiving payment at the above address.

Thanking you for your esteemed patronage,

Please believe us to be

Yours very truly,




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