Harlequin, "I.P." Germany (?), About 1900go was good quality, not to mention the frame.
 

Clear graphics, watercolor , gouache, under glass. Well , the picture quality , this thing is , as a rule - not indisputable ... but in this case decided that a frame bankrupt, the former owners obviously with great respect to the things included . Considered that there is intrigue and dare not buy too cheap - as if from a good collection ...
First letter monogram with a lower probability can be read as "L".

I would read as "I".

Yeah, that's interesting, too, how does this translate?

A Harlequin ugly, and mouth bandaged.

Probably after the operation has not healed yet?

And it can not harlequin and joker?
True it usually is in the mask, and then instead of a mask by a such a gag invented.

And then the word "Harlequin"?
No answer.

For transfer must know which language napisano.Arlekin written in French.
Before him the word with an article like nemtsev.No in German is such a word net.Vozmozhno Flemish word or one of the dialects prevailing in Belgium.
Interior thing of the last century . 's Search bessmyslenno.Podobnye trifles are well represented in the small antique shops and flea markets of Central Europe.

AlexSpb, Good job!

I like it.

I thought I could bandage has to Victor Hugo novel "The Man Who Laughs " and the words to help make sense of Harlequin ..

yes, on the face of the dialect, perhaps Germany, Holland, Belgium, etc.
These things through Google is not found, in these dialects are no articles or publications in the network.
Possible through dictionaries, at random , to check a number of matching words , such as " crying ", " swearing ".

Thanks to all unsubscribed , if only for the good faith attempts to move in the direction of truth.
The owner ( a Belgian ) also believed that the Flemish thing . I have this version of the voice at first hesitated , for a little confused by the German an article ...

If no one does not favor more specific , once again spoke with the former owner , I turn to the dictionary of artists, post photos 2-3 auction in respect of which are sure to make every effort ... Then, perhaps, give up!

here [/URL] word slips feuftsent, but the transfer was still dull ...
Only seufzende - sighing, somehow close in meaning ...