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December 5, 1943

Dear Mr. Gray:

In conformity with your conversations of last Spring with Mrs. T. D. Parker, head of our Contemporary American Department, we hereby confirm our understanding to the effect that we will not insure any pictures consigned to that department or to this firm and that, therefore, we are in no way responsible for any loss or damage that may arise in connection with such property.

For the good order of our records, may we ask you to kindly sign and return to us the appended copy of this letter.

Yours very sincerely,

(O. A. Liechti)

Mr. Cleve Gray
Graystones
Cornwall Bridge
Conn.