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Sold to Mr. H. C. Frick, No. 2.

1 Painting by Edgar H. G. Degas "The Rehersal", 24 x 18-1/2, $45,000 In the foreground to the left of a large ball-room with three windows is seated a violinist who accompanies the exercise of three dancers. Signed to the right, "Degas". From the H. Rouart Collection, Paris.

1 Painting by Edouard Manet, "Combat de Taureaux", 42-7/8 x 18-7/8, 13,500 This picture is a fragment of a larger painting exhibited in the Paris Salon of 1864, No. 1282. Mentioned in Theodore Duret's book, 1910 on Manet, etc., page 218, No. 52. Exhibited at the Paris Salon, 1864. From the Collection of Baron Vitta, Paris. " " " " J. H. Dunn, Esq., London. Reproduced in J. Meir-Graef'es "Manet", p. 61.

$457,500

New York, N.Y., December 17th, 1914.

    Received of H. C. Frick payment in full of the above mentioned sum of $457,500. by the transfer and delivery to M. Knoedler & Co. of certification Nos. P 55394 to P 55466 inclusive, 100 shares each, and certificate of No. P 55467, 20 shares, issued in the name of N. Knoedler & Company aggregating 7,320 shares of the capital stock of Pennsylvania Railroad Company of the par value of $50. each, the said stock being taken at the rate of $62.50 per share.
    This receipt is subject to the agreement as to the repurchase of said stock set forth in the letter dated December 4, 1914, addressed to "Messrs. M. Knoedler & Company, 556 Fifth Avenue, New York" by H. C. Frick.

M Knoedler & Co.