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Lot #26
Calvin Coolidge

Financial planning in the first year of the Depression: “See what kind of a list you can make up for yield and security”

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Description

Financial planning in the first year of the Depression: “See what kind of a list you can make up for yield and security”

ALS, one page, 7 x 10.25, personal letterhead, July 19, 1930. Coolidge writes to his financial advisor, Thomas Cochran, in New York City. In part: “I had thought of sending you $100,000 [in] bonds. You might see what kind of a list you can make up for yield and security. Marketability will not matter…. You may find some safe … operating power stock that yield [sic] well.” In very good condition, with mailing fold touching signature, scattered wrinkles and mild soiling, and paperclip with small stain to top edge. LOA John Reznikoff/PSA/DNA and R&R COA.

Auction Info

  • Auction Title:
  • Dates: #316 - Ended December 13, 2006