Lot 307

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Description:

ELEANOR ROOSEVELT
(1884 - 1962) First Lady, wife of Franklin D. Roosevelt, 32nd President of the United States. Eleanor was active in a wide range of liberal and humanitarian projects. Good content T.L.S. as First Lady 1p. 8vo. on White House letterhead, Washington, Dec. 1, 1934 to Mrs. Walker: "I have read your letter and the clippings. Restoration of ten per cent of the original pay has gone into effect for post office clerks and the remaining five per cent will be returned in July. The Townsend plan is impractical as no suggestion is made as to how in a sound way the money could be acquired". The Townsend Plan was a proposal for an old-age revolving pension proposed by Dr. Francis E. Townsend which entitled all U.S. citizens 60 years and over an annuity of $200 per month, providing they didn't work and spent the entire sum within the United States by the fifth of the next month. The plan failed to gain traction in Congress due to the fact that financing the plan would require a high sales tax. Usual folds, light soiling, else fine condition.

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October 9, 2010 11:00 AM EDT
Stamford, CT, US

Alexander Historical Auctions LLC

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