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Rh closed fan, and in the other an overflowing glass of champagne, which tumbles about her in a great cascade of foam. The background is yellow and the girl's dress red, while the upper part of the design is occupied by the arms of Paris and the text in large letters. The draughtsmanship is curious and vivacious, and the colouring conspicuously successful. This poster is not large, measuring as it does, only thirty-two by twenty-nine inches. The "Revue Blanche," though of nearly the same size, is much more complicated. In the foreground is a woman in huge hat and cape, which partly conceal her face, at whom an extraordinarily grotesque street urchin points his finger. The background is composed of innumerable advertisements of the revue, which a man in a great coat and silk hat, with his back to the spectator, is reading attentively. All the figures are in a sort of slate colour. The legend is admirably introduced into the foreground by means of huge white letters. Owing to the curiosity of its decoration, this specimen of Bonnard's work is a most desirable possession for the collector.

It has been the good fortune of Valloton to produce at least one poster which is excellent from every point of view. Nothing more appropriate to the advertisement of a frivolous burlesque than his "Ah! la Pé. la Pé, la pépinièré" could well be imagined. It represents a characteristic audience at a