of his and Dr. Bredius's letters. I send you also a photograph of a portrait which has been brought to my notice. It is said by Mr. Herbert Horne to be a splendid and perfectly preserved Ghirlandajo. The price asked is £20,000 (Twenty thousand pounds) You remember that Mr. Morgan gave £35,000 for his Ghirlandajo, but then I

am bound to admit his was a far more attractive picture. I will not say what I think of this till I have seen it. Mr. Horne is incomparably the best authority on Florentine art in Europe but I confess I am not altogether overcome by the photograph.

I submit it to you because I like to give you the opportunity of getting any very important piece that comes to my notice but I shall

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