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[[underlined]] Comments of Mr. Germain Séligmann [[/underlined]]:

Having listened to part of the conversation, it seems obvious to me what was mainly on his mind was the fact that instead of having bought the tapestry outright for his account, we had made some sort of a deal, possibly by exchanging works of art, so that the $6,000. in his mind, would not have gone to the owner of the tapestry but remained in our hands, and that we had probably thus made a double profit.

Now, due to Georges' reticence or innuendos about the possibility that the tapestry belonged to the firm, Cassel might not only refuse to pay the $300. but might want to switch the whole case to the ground of fraud on misrepresentation of the original facts.