A new Germany is being shaped here. We will soon show the world great things under our Glorious Leader.

MARTIN

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CABLEGRAM

MUNICH, JANUARY 2. 1934.

MARTIN SCHULSE

YOUR TERMS ACCEPTED NOVEMBER TWELVE AUDIT SHOWS THIRTEEN PERCENT INCREASE FEBRUARY SECOND FOUR-FOLD ASSURED PAN EXHIBITION MAY FIRST PREPARE LEAVE FOR MOSCOW IF MARKET OPENS UNEXPECTEDLY FINANCIAL INSTRUCTIONS MAILED NEW ADDRESS

EISENSTEIN

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EISENSTEIN GALLERIES

SAN FRANCISCO, CALIFORNIA, U.S.A.

JANUARY 1, 1934

Herrn Martin Schulze Schloss Rantzenburg Munich, Germany

OUR DEAR MARTIN :

Don’t forget grandma’s birthday. She will be 64 on the 8th. American contributors will furnish 1000 brushes for your German Young Painters’ League. Mandelberg has joined in supporting the league. You must send 11 Picasso reproductions, 20 by 90 to branch galleries on the 25th, no sooner. Reds and blues must predominate. We can allow you $8,000 on this transaction at present. Start new accounts book 2.

Our prayers follow you daily, dear brother,

EISENSTEIN

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EISENSTEIN GALLERIES

SAN FRANCISCO, CALIFORNIA, U.S.A.

JANUARY 17, 1934

Herrn Martin Schulse Schloss Rantzenburg Munich, Germany

MARTIN ,DEAR BROTHER :

Good news! Our stock reached 116 five days ago. The Fleishmans have advanced another $10,000. This will fill your Young Painters’ League quota for a month but let us know if opportunities increase. Swiss miniatures are having a vogue. You must watch the market and plan to be in Zurich after May first if any unexpected opportunities develop. Uncle Solomon will be glad to see you and I know you will rely heavily on his judgment.