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COPY in upper right corner, in red ink: from 363B in upper right corner, in graphite: [#18C]

Stamped in blue ink: COPY IN LETTER BOOK.

Messrs. Duveen Brothers, 720 Fifth Avenue, New York, Gentlemen: I have your invoice of June 4th for the articles therein mentioned purchased from you, which come from the Morgan Collection. I have sent same to Pittsburgh with instructions to remit you at once check for ninety-one thousand six hundred ($91, 600.00) dollars, and to pay you, beginning June 1st, underlined in graphite: 1916, one hundred thousand ($100,000.00) dollars monthly until the invoice is paid in full: underlined in graphite: these payments to carry with them interest at the rate of three (3%) percent per annum from June 4th, 1915.

Yours very truly,

in red script: June 30, 1915 Ent Jour folio 164 --- T

in red script: Ent Agreement book folio 35