Lot 557
Coolidge, Calvin. 1872-1933, 30th president of the U.S. (1923-29). He was U.S. vice president (1921-23) before becoming president upon the death of Warren G. Harding. Coolidge's New England simplicity and personal honesty were appealing. His faith in laissez-faire business, economy in government, and tax cuts, and his opposition to agricultural price fixing all reflected the national mood. Through his public statements he encouraged the stock market speculation of the late 1920s and left the nation unprepared for the economic collapse that followed. He chose not to run again in 1928.
Check Signed ("Calvin Coolidge"). Partially printed, accomplished in manuscript. 8¾ x 3", Washington, D.C., October 9, 1928. The check is drawn on Coolidge's account at the Commercial National Bank and made payable to "Besson's" in the amount of $11.35. Coolidge signs the recto. Punch cancelling, stamped verso. One vertical fold skims the first letter of Coolidge's first name. Still, the check is in very good condition.
Coolidge, known for greatly reducing national debt and encouraging Wall Street investors, writes this check just one year before the cataclysmic Stock Market crash. Interestingly, Coolidge chose not to run for re-election in 1928 and it has been suggested that his foresight of economic downfall played a part in this decision.
Estimated Value $325 - 400.
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| Realized $201 |
