MACK "THE KING OF COMEDY" SENNETT - DOCUMENT DOUBLE SIGNED 10/18/1915 - HFSID 289928
Sale Price $1,020.00
Promissory Note for $35,200, the principal and interest to be repaid in gold coins!
Partly Printed Document signed twice: "Mack Sennett", 1 page, 8½x14. Los Angeles, California, 1915 October 18. Promissory Note to the Farmers & Merchants National Bank of Los Angeles. Printed document with handwritten details (unknown hand). Sennett pledges repayment of a $35,200 loan, at 6% annual interest. (Calculated in dollars, this sum would amount to a "mere" $750,000 today. Calculated on the basis of gold prices, which have gone from $18.99 an ounce in 1915 to $1,545 in 2011, the sum would be an astronomical $2,644,155 today!) The principal and interest are to be repaid in gold coins! The bank assumes little risk from this transaction, because Sennett concurrently deposits as collateral $25,200 in certificates of deposit owned by him. Revenue stamps line the bottom of the page. Ink stamp marks the debt as paid. Mack Sennett(1880-1960, born Michael Sinnott in Quebec, Canada) the "Father of Slapstick Comedy", was the creator of the Keystone Kops. He directed or produced over 1000 comedy shorts between 1909 and 1933. Sennett's films usually featured bathing beauties, custard pies and the Keystone Kops. His 1914 film, Tillie's Punctured Romance, was the first American feature-length comedy. His films featured silent era stars such as Charlie Chaplin, Gloria Swanson and Chester Conklin. In 1915, Sennett produced over 100 films, all shorts, many featuring stars Roscoe "Fatty" Arbuckle and Mabel Normand, whom he had brought with him from Keystone. Multiple mailing folds. Corners creased and lightly worn. Fifteen stamps at lower edge. Minor notches at mailing folds. Lightly toned. Ink stamps on face and verso. Ink and pencil notes (unknown hand) on verso. Otherwise, fine condition.
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