Nov 17, 2020 - Sale 2551

Sale 2551 - Lot 55

Price Realized: $ 438
?Final Price Realized includes Buyer’s Premium added to Hammer Price
Estimate: $ 300 - $ 400
ROOSEVELT, FRANKLIN D. Typed Letter Signed, as Governor, to educator John Robert Gregg, expressing satisfaction that a man with his outstanding ability has been selected to represent America at the International Congress on Commercial Education, and requesting that he convey his good will and best wishes to the Prince of Wales and the other members. 1 1/4 pages, 4to, first page on "Executive Chamber" stationery, written on two sheets; paper clip stain at upper left, horizontal folds. With the original envelope. Albany, 17 July 1932

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"It is with great pleasure that I learn you have been elected an official delegate to the International Congress on Commercial Education . . . . It is indeed a comforting reflection . . . that you, to whom so many owe a definite debt, will represent America at this important gathering. . . .
"I believe that in the present world-wide economic derangement an attitude that reflects resolution, determination, grit, vigor, tenacity and stability, briefly common sense, will prove beneficial . . . . Business requires the nudge of encouragement, and I am certain that this International Congress will help furnish the stimulation necessary by manifesting . . . an interest in the affairs of depressed and despondent business. . . ."
In the midst of the Great Depression, a number of international organizations had been founded to encourage cooperation in an effort to overcome the economic situation. One such organization was the International Congress on Commercial Education, which met for five days in London during the summer of 1932. In his speech addressing the Congress on July 30, the Prince of Wales stated that the "hard lesson of adversity has taught us all that the prosperity of all nations depended upon the prosperity of each. . . . If all the employable labor were employed for a reasonable number of hours per week, the world would have at its disposal a volume of commodities and services that would enable the entire population to live on a higher level of comfort and wellbeing than had ever been contemplated . . . ."