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PAINTINGS BY AMERICAN ARTISTS
          ___________
     Mrs. J. H. Twachtman,
        Greenwich, Conn.
IN ACCOUNT WITH WILLIAM MACBETH, INC.
  15 EAST 57TH STREET, NEW YORK

                        July 1, 1925.

White Sloop, Cos Cob          net $3000.

Mr payment

Martha Twachtman