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Lot #66
Herbert Hoover

“The business tide has turned and unemployment is decreasing so rapidly that we have safely passed the crisis.”

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Description

“The business tide has turned and unemployment is decreasing so rapidly that we have safely passed the crisis.”

TLS, one page, 8.5 x 11, Department of Commerce letterhead, June 5, 1922. Letter to the Mayor of Oil City, Pennsylvania. In part, “I have the pleasure of transmitting to you a letter from the President expressing his gratitude for the service that you have given to the Federal Government in the cooperative measures taken for the alleviation of unemployment. The business tide has turned and unemployment is decreasing so rapidly that we have safely passed the crisis…Furthermore, the studies in fundamental questions inaugurated under sub-committees by the Unemployment Conference are making good progress, and these measures together with the experience gained during this winter should all give continuing results of constructive character in dealing with these problems of the future.” Accompanied by a copy of President Harding’s letter to Hoover from May 22, 1922, stating “We have passed the winter of the greatest unemployment in the history of our country. Through the fine coordination and cooperation among federal and state officials, mayors and their committee of employers…we have come through with much less suffering than in previous years.” Both are nicely double matted and framed with portraits of Harding and Hoover, to an overall size of 24.5 x 31. In fine condition, with expected mailing folds, a light shade of toning and a small pencil notation to bottom of Hoover’s letter. COA John Reznikoff/PSA/DNA and R&R COA. Oversized.

Auction Info

  • Auction Title:
  • Dates: #293 - Ended January 19, 2005