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WJ:KP

January 25th, 1933.

Edward M.M. Warburg, Esq.,
c/o Miss Emanuel, Secretary to
Felix M. Warburg, Esq.,
52 William Street,
New York City.

Dear Sir:

We received today from the Wadsworth Atheneum at Hartford, their receipt for the PICASSO painting which you so kindly loaned their museum for an exhibition.

As this receipt is made out in your name, we beg to hand you same enclosed herewith.

Very truly yours,

JACQUES SELIGMANN & COMPANY, Inc.

By

Enc.