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[[preprinted]]
THE DOWNTOWN GALLERY
113 WEST 13 STREET - NEW YORK
TELEPHONE - WATKINS 9-1535

REPRESENTATIVES FOR: ALEXANDER BROOK . GLENN COLEMAN . STUART DAVIS . ANNE GOLDTHWAITE . POP HART . MARSDEN HARTLEY . STEFAN HIRSCH . BERNARD KARFIOL . YASUO KUNIYOSHI . JOSEPH POLLET . CHARLES SHEELER . NILES SPENCER . A. WALKOWITZ . MAX WEBER . MARGUERITE ZORACH . WILLIAM ZORACH . AMERICAN PRINT MAKERS

CONTEMPORARY AMERICAN ART
[/[preprinted]]

March 25, 1933

Mr. James O'Toole
Jacques Seligmann & Co. Inc.
3 East 51st Street
New York, N. Y.

Dear Mr. O'Toole:

Thank you so much for sending me the valuable information in connection with the magnificent works shown to me last Sunday.

The drawings still interest me very much as the client I have in mind lives in a state where the banks have reopened.  However, I can do nothing for another week or two in this connection.

On the other hand the Detroit plan has to be postponed.  This week I received a series of letters, one more harrowing than the other.  These convince me that there is no use whatsoever to make any efforts in that direction until conditions are normalized in that city.  I am quoting from two letters.

"Give praises to your lucky stars that you are not living in Detroit.  Six weeks of chaos . . . . Can you imagine over a million people living for weeks but not buying, selling, or paying for anything? I sold some stock in New York and dumped a load of debt over my shoulders and am now ready to take in washing."

"You are fortunate to be living in a city where the banks can straighten out their difficulties for we are going on the sixth week of this holiday and you may believe me when I tell you that it is anything but a pleasant situation. In fact I feel that the bottom has been knocked out of everything. It is unbelievable that so many people in one city can be so completely wiped out."

Much follows after this with definite references to the