[1] March 9th 32 My dear Nancy- I am enclosing a clipping written by Rob Davis which I thought you might enjoy – I wrote a note to you and gave it to Fred Barton to send in with a letter be wanted to write to you regarding reproducing and selling copies of Charley Picture “The Calf Round Up” Is Barton a man one could depend on – he’s such a big talker I’m a little doubtful – I think things are getting better but I think its going to be a long hull – but I think people are going to live straighter and think straighter and therefor[sic] I think the business [2] of the country will stay in a balanced condition for a longer period – Stock prices will go up and down but I think the trend will be upward – Let me know how everything is going – regards to Jack and Ted. As allways[sic] your friend Malcolm S. Mackay [Transcribed by Lauren B. Gerfen, 2012-05-04]