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OAL/R February 14th, 1936 Jacques Dubourg, Esq. 45 Boulevard Beausejour Paris, 16e, France Dear Sir: Enclosed please find our check drawn on the Fifth Avenue Bank of New York, in the amount of $310.00 (three hundred and then) in payment in full of a Water color by Boudin, and a drawing by Toulouse-Lautrec, as per enclosed credit note. Kindly acknowledge receipt of the above remittance, and Believe us to be Very truly yours, JACQUE SELIGMANN & COMPANY, Inc. Enc. 2 By:-