Page 5 Advertisements Column 5

Taranaki Daily News, 22 June 1916, Page 5

The announcement was made ill New York a few weeks ago that Mr. J. P. Morgan has disposed of his father's entire collection of forty rare tapestries for a sum exceeding £400,000. The sale is regarded as another evidence that Mr. Morgan intends to disperse all his father's t>rt treasures, which it is estimated that the late financier gathered from every quarter of the globe at a cost of between £10,000,000' and £15,000,000. Since his father's death Mr. Morgan has .sold collections of eighteenth century art furniture and statuary, Fgaronard panels, Chinese porcelains, and several other collections, for an estimated sum of £400,000. Financial associates of Mr. Morgan credit him with raising cash on these collections to be used in meeting the demands of the Allied nations for sinews of war. The tapestries were sold to the .\ T ew York firm of IP. W. French and Co., who declared that the purchase was made as a matter of business, and that the collection was not intended for any European or American collector. The transaction is regarded as the most important in the history'of art sales in America. The collection in itself cannot be rated as the first of its kind in the world, but it can at least be said that it includes the great Mazarin tapestry, wnkh is acknowledged to be the ffneat tapestry In existence. Don't forget, neglected cold leads to consumption, SYKES'S CURA COUGH leads to a cure. It Bd, all itort*..