From Nancy C. Russell, January 27, 1932, reducing prices is a questionable plan, no change in prices, but will make exception regarding "Will Rogers" bronze only.

Pasadena, California. January 27, 1932. Mr. Irwin S. Barrie, Grand Central Art Galleries, 15 Vanderbilt Avenue, New York City, New York. Dear Mr. Barrie: I wired you last night as follows: “Will make an exception for your client at this time and accept his offer as you suggested in your letter of January 23rd. Letter of explanation following.” Now, to talk about reducing the prices on Charlie’s bronzes: I think it a very questionable plan. If he were living it would be different. I have had the idea that it is much better to have a limited number of bronzes and get a fairly descent[sic] price for them. That makes each person who owns a Russell bronze have something of a treasure, and I have told my best clients that very thing so feel I must keep the prices on Charlie’s bronze where they now are. I realize the value of the dollar has changed in many things and if Charlie were still producing work, I would agree instantly that he should come down as other men have but, under the circumstances, I am sure you will understand how very hard it would be to face clients after they have paid the prices and been told that the bronze would never be cheaper but would gradually go up. Please request your client to quote the regular selling price on the Will Rogers bronze as I made this a special favor to you and to him and is not for public knowledge. I still desire to hold the bronze at the prices at which they have always been sold. Very truly yours,

[Transcribed by Lauren B. Gerfen, 2012-06-21]