?Final Price Realized includes Buyer’s Premium added to Hammer Price
Estimate: $ 150 - $ 250
(LABOR.) THOMAS, NORMAN. Two Typed Letters Signed, to Charles H. Roe or H. Patricia Burkett, on financial policy or a photograph request. Together 3 pages, 4to, personal stationery; folds. New York, 15 October 1934; 20 August 1964
15 October 1934: ". . . 1. . . . I believe that under a drastic inflation of the currency wages would lag far behind prices . . . . I do not believe that properly managed it would constitute inflation were a program of remunerative public works [established], like the providing of proper housing, financed by treasury bonds secured by the value of the new wealth created and the new wealth afforded instead of by the interest bearing bonds. . . . 3. I am wholly and entirely opposed to the sales of munitions to foreign nations either by private individuals or corporations or by the government of the United States. . . . "6. I favor public works to fight depression and believe the present program grossly inadequate. The . . . public works which I favor is an immense housing program. "7. The federal budget can only be safely balanced by a drastic increase in income and inheritance taxes. I have long supported a tax on wealth . . . for the purpose of reducing or wiping out . . . debt. . . ."
