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April 20th., 1942.

Dear Mr. de Schulthess:

With considerable delay I received your letter of February 25th., however your letter of November 28th., never reached me. 

During the time your letter took to arrive here, the Executors of the Clarence E. Mackay Estate had made a new agreement with Gimbel Brothers, by which they turned over to them for sale the items I had written you about and in which you are interested. I was thus put in a rather delicate position as, being still retained as technical advisor by the Estate I could not, of course, buy from Gimbel's and bill you, and on the other hand I had no capacity to deal with Gimbel's and ask them to bill you directly. 

I therefore turned to Mr. von Kienbusch, whom I always find extremely helpful, for advice and he suggested referring the whole matter to Mr. R. H. Youngs, whose name you had given me and who ultimately would make payment for these purchases. I consider Mr. von Kienbusch's advice extremely wise and logical and have written to Mr. Youngs accordingly.

I am sure you will understand the delicate position in which I was unexpectedly put and that by following this procedure I have acted in the only ethical way and to the best of your interests.

Should I be able to be of further help, I hope you will not fail to call upon me. 

Yours very sincerely, 

(Germain SĂ©ligmann)

Hans de Schulthess, Esq.,
Bärengasse 18,
Zurich, Switzerland.

Transcription Notes:
Fixed the address and names. - Not 100% confident with the address and a few spellings of names due to the blurriness of the document

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