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December 10th 1921

Messrs. M. Knoedler & Co.
556 Fifth Avenue
New York

Dear Sirs,-

I beg to acknowledge receipt of your letter of December 9th, enclosing a check to my oder for Frs. 50.000, in settlement of the portrait of George Washington by Charles Wilson Peale. 

I thank you for this remittance. 

Very truly yours,

P.S.- I will pay you my half share in Paris as you suggest. 
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