Lot 62: Franklin D. Roosevelt

RR Auction

RR Auction

2015-07-27 11:42:12

Lot 62: DS, one page, 8.5 x 3.5, February 1, 1927. Promissory note signed by Roosevelt as president of the Georgia Warm Springs Foundation for repayment in gold coin to himself for his personal funding of the foundation. Document reads: "On February 1st, 1934, at the Bank of America, New York City, Georgia Warm Springs Foundation, Inc., a corporation of the State of Delaware, promises, for value received, to pay to the order of Franklin D. Roosevelt, the sum of Ten thousand, dollars in gold coin of the United States of America of the standard of weight and fineness existing on the date of this note, with interest in like gold coin at the rate of six percent. per annum payable at said Bank of America semi-annually on the first days of August and February until payment hereof in full. The maker of this note may at any time before maturity pay and discharge the same, by payment at said Bank of America of the principal amount thereof and the accrued and unpaid interest thereon." Signed at the conclusion by Roosevelt and countersigned by his trusted advisor and onetime law partner, D. Basil O'Connor. A typed endorsement on the reverse reads, "The within-named payee waives presentment and notice of non-payment of the within note," and is signed again by Roosevelt. In very good condition, with evenly trimmed edges, a vertical and horizontal fold (the latter passing between two letters of the endorsement), scattered light creasing, trivial show-through from endorsement and signature to reverse, and a professionally restored area of paper loss to the bottom edge (affecting the bottom of the signature) with portions of the missing text restored. RR Auction's Fine Autographs and Artifacts Auction 458 Wednesday, 12th August 2015 Estimate: $600-800
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