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The Twentieth Century Fund 330 West Forty-Second Street New York City Trustees A.A. Berle, Jr. Francis Biddle Bruce Bliven Percy S. Brown Henry S. Dennison John H. Fahey Robert H. Jackson Oswald W. Knauth Morris E. Leeds Robert S. Lynd James G. McDonald Charles P. Taft Harrison Tweed William Allen White John H. Fahey President Evans Clark Executive Director Percy S. Brown Treasurer J. Frederic Dewhurst Economist February 15, 1940 Miss Katherine Schmidt An American Group, Inc. 19 West 12th Street New York, New York Dear Miss Schmidt: I feel very guilty about my inability, at the present time, to do anything about the memorandum I promised to prepare for you on the basis of the very helpful information which came with your letter of January 27th. Actually, I am pretty much in a jam because of a prior commitment to complete something by March first. As soon as that is out of the way I shall turn promptly to your memorandum. Also, may I thank you very much for the help you gave me in checking up on the authenticity of the Waugh painting. Although I have not yet had a chance to follow your suggestion, I shall do so very soon. Cordially yours, J. Frederic Dewhurst J. Frederic Dewhurst jfd/ck