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Lot #111
Franklin D. Roosevelt

FDR prophesizes the Stock Market crash, stating “millions of voters…will be increasingly sorry that they voted against Governor Smith”

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Description

FDR prophesizes the Stock Market crash, stating “millions of voters…will be increasingly sorry that they voted against Governor Smith”

TLS, one page, 7.25 x 10.5, personal letterhead, November 19, 1928. Letter to Henry Ware Allen. In full: “I am very grateful to you for your interesting letter of November 13th, and I hope that if you come East you will come to see me, for I should like to talk to you further in regard to the mixed results of the past Campaign. I am very certain with you that there are millions of voters who, during the next four years, will be increasingly sorry that they voted against Governor Smith.” Herbert Hoover won the 1928 election by a wide margin on pledges to continue the economic boom of the Coolidge years. Smith won the electoral votes only of the traditionally Democratic Southern United States and two New England States. Smith's Catholicism and perceived anti-Prohibitionism as well as association with Tammany Hall hurt him in the South, where several states were won by the Republicans for the first time since Reconstruction. Although Roosevelt made his name as an opponent of New York City's Tammany Hall machine, Roosevelt moderated his stance. He helped Smith win the election for governor of New York in 1922. Roosevelt gave nominating speeches for Smith at the 1924 and 1928 Democratic conventions. As the Democratic Party presidential nominee in the 1928 election, Smith in turn asked Roosevelt to run for governor. While Smith lost the Presidency in a landslide, and was even defeated in his home state, Roosevelt was narrowly elected governor. In fine condition, with a mild overall shade of toning, and an extra horizontal crease. Pre-certified John Reznikoff/PSA/DNA and RRAuction COA.

Auction Info

  • Auction Title:
  • Dates: #348 - Ended August 12, 2009





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