Lot 276
Hoover, Herbert C (1874-1964) 31st President of the U.S. (1929-33). He easily won the 1928 Republican presidential nomination and defeated Democrat Alfred E. Smith. His administration was dominated by the Great Depression, ushered in by the stock market crash of Oct. 1929. Believing that the economy would regenerate spontaneously, Hoover was reluctant to extend federal activities. In 1932 some 15,000 ex-servicemen, known as Bonus Marchers, marched on Washington to demand immediate payment of their World War I bonus certificates. Hoover ordered federal troops to oust them from government property. In 1931 Hoover proposed a one-year moratorium on reparations and war debts to ease the financial situation in Europe. He ran for reelection in 1932 but was overwhelmingly defeated by Franklin D. Roosevelt. Later Hoover coordinated (1946) food supplies to war-ravaged countries and headed (1947-49) the Hoover Commission, which recommended administrative reforms of the executive branch. He headed a second commission (1953-55), which studied policy and organization.
Signature ("Herbert Hoover"). As Secretary of Commerce. One page, 3 x 1½", n.p., 1927. Lot includes tinted postcard of Hoover, Letter from his Department of Commerce Secretary and original transmittal envelope. Minor ink dots at top edge of autograph card, faint paper clip impression, otherwise very good to fine.
Estimated Value $75 - 125.
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| Realized $63 |
