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    Franklin D. Roosevelt Autograph Note Signed as President Concerning Credit Unions. One page, 5.25" x 8", on White House imprinted memo sheet. An undated note signed by Franklin D. Roosevelt addressed to P.M.G. or Postmaster General, in which he writes: "I don't want to throw out the credit unions. How about it. F.D.R. There is some Fed. control of them."
    This note may refer to the Federal Credit Union Act of 1934, which established a national system to charter and supervise federal credit unions. The first state credit union was formed in New Hampshire in 1908. This note may be addressed to James Farley, who served as Postmaster General from 1933 to 1940, when he was replaced by Frank Walker, who served in that post until 1945.
    Condition: The top of the note has some rust residue from metal paperclips, and there is a small tear just left of that stain. Mounting remnants on verso. With toning and light mat burn. Together with a black and white photo of Roosevelt measuring 6.75" x 7".

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    Auction Dates
    October, 2016
    19th Wednesday
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