Lot 64: Franklin D. Roosevelt

RR Auction

2015-10-06 13:04:33

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Lot 64: TLS, two pages, 7.25 x 10.5, Fidelity and Deposit Company of Maryland letterhead, July 7, 1926. Letter to Benjamin F. Crowley, in full: "This is the first chance I have had to answer your letter of June 30th as I have had no one here to write a letter for me. As to the by-laws of Georgia Warm Springs Foundation, Inc., here are my answers to your questions: 1. Stockholders' meetings to be held in New York, 120 Broadway, our office. 2. Annual meeting same place twelve o'clock noon during the first three weeks of December. 3. Ten days notice for meetings is O.K. 4. A small number of directors—the smaller the better. 5. Two days notice for special meeting of directors O.K. 6. Calendar year to be fiscal year O.K. 7. Put in dummy directors and myself for meeting on July 12th. I will take the Presidency for the time being. 8. Am making statement out of the advances which I have made in connection with the purchase and development of the Warm Springs property. Present plan is to issue to me Class B Preferred Stock for said advances, together with one-half share of Common Stock which each share of Preferred stock. In regard to the rest of the Common Stock. In regard to the rest of the Common Stock, we can discuss that when I get to New York. Will ask Basil what time he would suggest for the meeting on July 12th. I have written him asking him to come to 55 Liberty Street at 2 P M and I see no reason why we should not call the organization meeting at 2:30 P M same place." First page bears pencil check marks in an unknown hand. A light uniform block of toning from previous display, punch holes to left edge, trivial soiling, and a paperclip impression to top edge, otherwise fine condition.In 1924, FDR traveled to Warm Springs, Georgia, where he found that immersion in the area's mineral-rich warm water was one of the few things that provided relief from his polio-induced paralysis. Shortly thereafter he partnered with Basil O'Connor to purchase the resort and develop it into a world-class polio treatment center—the Georgia Warm Springs Foundation. An interesting letter from the founding days of the famous foundation. RR Auction's Fine Autographs and Artifacts Auction 462 Wednesday, 14th October 2015 Estimate: $400-600
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