Typed letter from Nancy C. Russell to Bud Mackay, the son of Malcolm MacKay, dated November 29, 1932 asking him for financial advice on '"B" account.'

Pasadena, California. November 29, 1932. Mr. Malcolm S. MacKay, 14 Wall Street, New York City, New York. Dear Bud: Your letter of a month or more ago was received; also one from Mr. Peters. I appreciate your advice altho [sic] I haven’t written. I have been trying to decide just what to do. The difficulty now is the fact that in the past I have so completely leaned on the company, through your father’s clear judgment in handling my small affairs, that I wanted some one else to take the responsibility for me as he had done. In the last letter I received from him, he said to let the “B” account ride; that unless the world went plumb crazy, it would right it- self. I gather from your letters that that would be what you would do. To sell any of my securities now would be at a sacri- fice and if we can wait for a rally I would come out without a loss involved. The stocks and bonds that are holding steady and paying dividends, I do not want to touch as I shall have to live on the interest they are paying unless things pick up in the picture and bronze business. I received a proxy from the National Cash Register Com- pany which I am signing and enclosing. With kindest regards and thank you for your personal interest. Sincerely, Encl.

[Transcript by Lauren B. Gerfen, 2012-09-05]

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