Co-founder of Braniff Airways. TLS signed “Tom,” one page, 7 x 10, personal letterhead, September 10, 1931. A letter to Rutherford Towner, Braniff writes in part: “I have before me your letter of July 2nd addressed to Phil calling attention to the fulfillment of your prediction that oil would reach five cents a barrel. Your prophecy in the matter was so accurate that I am contemplating the preparation of a questionnaire dealing with the future prices of various commodities, including stocks which I own in insurance companies and other corporations, as well as those I would like to buy if I felt sure I had the correct dope as to their future progress…Under separate cover I am sending to you a slight remembrance of our trip to Europe. It is a purse which I purchased and had initialed for you at one of the Florentine Shops, and it is not so large but what even during these depressed times you will doubtless be able to keep it well stocked.” Accompanied by a letter from Towner thanking him for the purse. In fine condition, with slight edge toning and the usual letter folds. R&R COA.
