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Letterhead: M. KNOEDLER & CO., 355 FIFTH AVENUE, NEW YORK. PARIS, 23 PLACE VENDÔME. LONDON, 15 OLD BOND STREET. CABLE ADDRESSES NEW YORK PARIS LONDON KNOEDLER

In graphite: File "Paintings Bill Book"

Stamped in blue ink: OFFICE OF H.C.FRICK. RECEIVED JAN 18 1907 In graphite: mentioned ?

January 17, 1907.

Mr. H. C. Frick, Pittsburgh, Pa. Dear Sir: We thank you for your check No. 2009 on the Mercantile Trust Company for $200,000, which with the painting by Jules Breton 1, "The Last Gleanings," is in settlement of our enclosed bill of January 16th for the painting by Rembrandt 117. We enclose your voucher duly signed. Respectfully, Signed: M. Knoedler + Co.

3 enc.