Translations:CP 02992/46/en
- ↑ In his letter of 24 August 1915 (CP 02991; Kolb, XIV, no. 103), had indeed pointed out to Proust, with regard to his "position as broker", that he was not "bound" to take up his securities, "because liquidation will only take place if we find it possible to continue to report on those which do not need to be either taken up or sold", and that "this was the reason his broker asked for his instructions because it is only by understanding their clients' intentions that brokers can determine the sum needed to enact the liquidation". After more than a year's moratorium, most financiers, from around August 1915 onward, were hoping that stock market and other financial transactions could quickly be resumed. [FL]