ALS, one page, 7.25 x 10.5, personal letterhead, August 20, 1930. A revealing financial letter to Thomas Cochran, a partner in J. P. Morgan & Company. In part: “You were right about So. Bell & N.Y.C. bonds, each has gone up about 4 points…Now you do first as you think best about selling any of these and investing proceeds. You might do better on the 4 1/2%. But if for any reason you want me to hold them it’s all right.” In fine condition, with a few light creases, and some scattered light toning. During this time period, Coolidge was attributed to encouraging stock market investors…a situation which, in turn, helped create the boom that led to the Great Depression. Judging from the tone of this letter, his own investments proved quite lucrative despite the times. Pre-certified John Reznikoff/PSA/DNA and RRAuction COA.
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