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OAL:R [[left margin]] [[strikethrough]] Answer later [[/strikethrough]] [[/left margin]] 3 East 51st Street New York, New York July 2nd, 1937 Dear Mr. Séligmann: Paris drew on our account with J.P. Morgan & Co:- check #1103 for $9,000 for which they credited us at 22.475 with Ffrs. 202,275 check #1105 for $6,000 for which they credited us at 22.45 with Ffrs. 134,700 $15,000 Ffrs. 336,975 [[left margin]] file Mr. Peck 13/6/37 [[/left margin]] I am writing these lines under assumption that the sum of $15,000 was advanced to the Paris firm in the nature of a temporary loan. It now appears that the French franc will be reestablished at approximately 4 and the above French francs therefore equalize only approximately $13,479 which would mean a loss of exchange to us of $1,521. I believe, therefore, that Paris should reimburse us with the full amount of $15,000 eliminating thereby this loss of exchange. Very faithfully yours, O.A.Liechti Germain Séligmann, Esq. Suvretta House St. Moritz, Switzerland
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Reopened for Editing 2024-02-08 12:47:08
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Reopened for Editing 2024-02-08 15:32:16
fixed format & typos
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Reopened for Editing 2024-02-18 12:20:02