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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

April 15, 1940

Miss Katherine Schmidt
An American Group, Inc.
19 West 12th Street
New York, New York

Dear Miss Schmidt,

I am finally able to transmit to you a memorandum, in very tentative form, outlining the possible scope of the investigation of the economic position of the graphic arts in the United States. As you can see, I am quite vague on some points and at other points I have indicated the desirability of additional information if it is available.

Furthermore, I am a little confused in my own mind as to just what limits to set to the investigation. If one views the graphic arts as an "industry," like other industries, it consists of the group of producers at at one end the dealers, galleries, etc. involved in the "marketing process" in the middle, and the buyers and consumers at the other end, i.e., the museum and other institutional buyers and the relatively few individuals who buy original works of art. It would seem that any investigation of the subject would have to cover all three parts of the industry. (But what should one say of such insulary activities as the operations as the operation of art schools, the W.P.A., and perhaps the reproduction of works of art, I.E., prints, etc.)

Another question is the extent to which the survey should be concentrated on the artists themselves, and how much the other parts of the "industry" should be subordinated. It is important to think through the