SANFRANCISCO，CALIFORNIA，U。S。A。

January17，1934

HerrnMartinSchulse

SchlossRantzenburg

Munich，Germany

Martin，DearBrother:

Goodnews!Ourstockreached116fivedaysago。TheFleishmanshaveadvancedanother$10，000。ThiswillfillyourYoungPainters'Leaguequotaforamonthbutletusknowifopportunitiesincrease。Swissminiaturesarehavingavogue。YoumustwatchthemarketandplantobeinZurichafterMayfirstifanyunexpectedopportunitiesdevelop。UncleSolomonwillbegladtoseeyouandIknowyouwillrelyheavilyonhisjudgment。

Theweatherisclearandthereislittledangerofstormsduringthenexttwomonths。Youwillprepareforyourstudentsthefollowingreproductions:VanGogh15by103，red;Poussin20by90，blueandyellow;Vermeer11by33，redandblue。

Ourhopeswillfollowyournewefforts。

Eisenstein