DescriptionFranklin D. Roosevelt: Typed Letter Signed as President of the American Construction Council.
-April 10, 1926. Warm Springs, Georgia. One page. 8.5" x 11". American Construction Council letterhead.
-To: Mr. Charles M. Schwab, New York City.
-Light toning, excellent condition.
FDR writes, "No doubt you know something of the American Construction Council which Secretary Hoover and I organized in 1922 and which I have been serving as President since that time. The Council has within its resources done a splendid service in dealing with the economic problems of the construction industry and their relations to the public, but to insure its permanency and increase its effectiveness we are organizing what is to be known as the American Construction Foundation which will have control of the Council's funds in perpetuity and be prepared to carry out its objectives at all times. A million dollar fund is being sought for this purpose and will be trusteed through the Foundation which is itself to be incorporated. Literature explaining the work of the Council is enclosed. Will you serve as one of the Trustees of this Foundation, assuming of course the completion of satisfactory arrangements as to details? I cannot urge upon you too strongly this opportunity for a real and lasting service to the public and to the permanent prosperity of the country." This identical letter was also sent to the era's other great financier- John D. Rockefeller.
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