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MEMORANDUM

Old and Modern Paintings   
Works of Art
Bronzes                    
Silver and Porcelains

JAMES GRAHAM & SONS, INC.
1014 MADISON AVENUE
NEW YORK 21, N. Y.
TELEPHONE: LE 5-5566

Mr. James U. Smith, Jr.
3340 Lexington Road
Louisville, Ky.  40206

Dated: November 13, 1969

The goods described below are sent you for your inspection and at your risk against loss, fire, burglary damage or theft, and shall remain the property of JAMES GRAHAM & SONS, INC., and shall be returned to it on demand. None of such goods is to be sold, nor shall title thereto pass until after JAMES GRAHAM & SONS, INC. shall have been notified and shall approve of your selection and shall have rendered and delivered to you a bill of sale therefor.

2 Watercolors by Oscar Bluemner "Bloomfield Canal, Soho-Loch", Oct. 21, '17 4 1/2" x6 1/2" #OB-800 Sold 11/69 $650 00

"Moon-Rise", 1928 9 1/2"x12 1/2" #16691 To Be Ret'd  Rtd 11/28/69 Uht $2,500 00

AGREED AND ACCEPTED AND RECEIPT OF ABOVE GOODS IS ACKNOWLEDGED