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February 2, 1946

Dear Mr. Seligman:

Please be informed that we have remitted today to the credit of your personal account with J. P. Morgan & Co., Inc. the sum of $4.750. (four thousand seven hundred fifty dollars) at the request and for the account of Jacques Seligmann & Fils, G. Seligmann & Cie., S.A. Succ'rs., being in full payment of an additional one-quarter share interest in the painting by RENOIR "Portrait of a Young Girl", which they purchased from you.
By reason of this remittance said painting now is owned in equal shares by yourself and Jacques Seligmann & Fils, G. Seligmann & Cie., S.A. Succ'rs.

Sincerely yours,
Jacques Seligmann & Co., Inc.

(O. A. Liechti)

Mr. Germain Seligman
47 East 61st Street
New York. N. Y.

GS

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