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January 24, 1946

Dear Mr. Seligman:

Enclosed please find our credit note and check on J. P. Morgan & Co., Inc. in the sum of $2,700.- (two thousand seven hundred dollars), being in full payment of your consigned price which we understand is your cost of your one-half share interest in the painting by RENOIR "Buste de Femme" (which you owned jointly with Jacques Seligmann & Fils, G. Seligmann & Cie., S. A. Succ'rs) and which has been sold.

Trusting that you will find the above in order,

Sincerely yours,
Jacques Seligmann & Co., Inc.

Encs. 2

(O. A. Liechti)

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

GS

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