PRESIDENT HERBERT HOOVER - TYPED LETTER SIGNED 02/19/1940 - HFSID 32736
Sale Price $1,360.00
Reg. $1,600.00
HERBERT HOOVER
Former President Hoover does not give permission to use his name to sell stock and if it is used he will call it fraud.
Typed Letter Signed: "Herbert Hoover," 1p, 7¼x10½. The Waldorf Astoria, New York City, 1940 February 19. The former 31stU.S. President writes to Lawrence K. Requa, Weiser, Idaho. In full:"With regard to theuse of the Hoover name, the statement of the lawyer of this company to the local S.E.C. has about enough to damn it. I think I shall take it up with the S.E.C. through a mutual friend. In any event, if they ever sell a share of stock to a mortal soul I will denounce the whole thing as a fraud, and I don't think they will sell much afterwards. And if they could know this it might be of interest to them. It will not be helpful to the sale of stock when I am done with it." Attempts to use presidents' names, including that of Hoover, to make a profit were not uncommon. Hoover, however, was a modest man who did not want anyone to profit by using his name to sell a product. Two file holes in upper blank margin, else fine.
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