Handwritten, from Malcolm MacKay, New York, March 6, 1932, talks about Depression and Nancy C. Russell's bank account.

[1] March 6th 32 My dear Nancy- Please dont[sic] let the B’ a/c worry you- for I’m not going to let you take a loss in it no matter what happens – As you know this has been the worst financial debacle in the history of the world and practically everybody got caught in it – the very big- gest men in the sheet got hit the hardest --- Just let the B a/c ride sooner or later I’ll work out the debit it now show’s, and in any event you wont[sic] have to assume it – Your investment list is weathering the gale in good shape with a couple of exceptions that I think will [2] right themselves some day[sic] – I am watching it constantly and unless the world goes plum crazy – all will be well- We would love to have you and Jack come to the ranch any time from Aug 1st to Sept 15 name your own time Our love to you all Malcolm S. Mackay P.S. If I was you I wouldn’t bother reporting the items in B a/c (if you can avoid it) for the a/c made money and then lost money and I think there would be little benefit one way or the other – If this account realy[sic] worries you Ill[sic] have it transferred to Malcolm Jr and then you can forget it entirely – Have decided not to do anything with the picture for the present

[Transcribed by Lauren B. Gerfen, 2012-05-04]