PRESIDENT HERBERT HOOVER - TYPED LETTER SIGNED 03/05/1930 - HFSID 16395
Sale Price $1,020.00
The President appreciates congratulations on completing his first year in office.
Typed Letter Signed: "Herbert Hoover" as 31st U.S. President, 1p, 7x9. The White House, Washington, 1930 March 5. To Moses Tanenbaum, 516 Fifth Avenue, New York City. In full: "Please accept my sincere thanks for your kind message of congratulation and good wishes. I appreciate it indeed". Tanenbaum's good wishes were especially welcome. In the period between October 29, 1929 and December 1, 1929, stocks on the New York Stock Exchange had dropped in value by $26 billion. On October 30, 1929, President Hoover tried to reassure the country by saying, "The fundamental business of the country...is on a sound and prosperous basis". Unfortunately, he was wrong. The Great Depression of the 1930s, which crippled the nation and doomed Hoover politically, had begun. Lightly stained in upper portion and at right blank edge, paper clip impression at upper left corner, else fine condition.
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