Autograph letter signed; March 12, 1928, to John M. Weatherwax

Houghton, Arundel. A bit of staining, some smudges. Small bifolium, approx. 7 X 4.5 in., written on three sides. The artist answers an inquiry from one of the editors of the little magazine "Palms," who had written to ask for a color illustration. Rackham replies with seemingly polite disdain: "I am little afraid, however, that your 'budget' would find some difficulty over the idea of a colored illustration," and he goes on to list his estimate of the magazine's potential revenue from subscriptions, the price of his own work and the fees for engraving, coming to the conclusion that the total would be "not so far from 1/3 of the magazine's total income! I usually take my share on a royalty basis - but that would not do in this case, & I should want my fee in advance; & also the engraver's fee if they were left to me to deal with. But very many thanks for wishing for my work. . .