Nov 20, 2014 - Sale 2367

Sale 2367 - Lot 135

Price Realized: $ 292
?Final Price Realized includes Buyer’s Premium added to Hammer Price
Estimate: $ 400 - $ 600
HOPEFUL FOR HOME LOAN DISCOUNT BANK SYSTEM HOOVER, HERBERT. Typed Letter Signed, as President, to Mark L. Requa, explaining some consequences of the proposed Home Loan Discount Bank system and expressing hope that the related legislation would pass successfully through Congress. 1 page, 4to, White House stationery, with integral blank; two punch holes in upper margin, horizontal fold. (TFC) Washington, 23 May 1932
Set Alert for Similar Items

Additional Details

"Referring to . . . the question of loans by the Reconstruction Finance Corporation, it was never intended to cover such items as suggested except insofar as it enables the banks to do their duty by their people. The Home Loan Discount Bank, however, is directly proposed for the purpose which you mention . . . . I am in hopes that we may yet get it through this session."