- More
Franklin D. Roosevelt: Typed Letter Signed as Vice President of Fidelity and Deposit Company of Maryland....
Click the image to load the highest resolution version.Description
Franklin D. Roosevelt: Typed Letter Signed as Vice President of Fidelity and Deposit Company of Maryland.-[Undated]. New York. One page. 7.25" x 10.5". Fidelity and Deposit Company of Maryland letterhead.
-[Unaddressed].
-Paper slightly toned, with the usual fold creases, signature slightly faded, else very good.
FDR authors his resignation from the Federal International Investment Trust Organization Committee. FDR and Georges St. Jean began organizing the Federal International Investment Trust with an idea of selling American goods through the Federal International Investment Trust to foreign purchasers. The foreign purchasers then deposited into the trust securities that were guaranteed by foreign banks. American investors paid cash into the Trust. The cash was used to pay the American goods manufacturers for their products. In return for their investment of cash, the American investors received debentures or bonds collateralized by the foreign securities. In this letter FDR appears to back out of the project: "Since the first of the year Mr. St. Jean and I have worked on plans for a Federal International Investment Trust and it is a source of great disappointment to withdraw from the Organization Committee which is supporting the charter...". Presumably he signed multiple copies of his resignation letter unsure to who each would be sent to.
More Information:
The extended description below was supplied by the consignor. We are making it available to our web bidders who are interested in more in-depth research and broader historical perspective. Please note that presentation (i.e. framing), lot divisions, and interpretations of condition and content may occasionally differ from our descriptions. Assertions of fact and subjective observations contained in this description represent the opinion of the consignor. These remarks have not been checked for accuracy by Heritage Auctions, and we assume no responsibility for their accuracy; they are offered purely to allow the bidder insight into the way the consignor has viewed the item(s) in question. No right of return or claim of lack of authenticity or provenance based upon this extended description will be granted.
Shipping, Taxes, Terms and Bidding
Calculate Standard Domestic Shipping
Sales Tax information | Terms and Conditions
Bidding Guidelines and Bid Increments
Glossary of Terms
Auction Info
Buyer's Premium per Lot:
19.5% of the successful bid (minimum $9) per lot.
Floor auctions
Open for bidding: (View All)Currency
Ends on 04/26/2018
Silver
Ends on 04/26/2018
US Coins
Ends on 04/26/2018
Currency
Ends on 04/26/2018
Jewelry & Timepieces
Ends on 05/01/2018
Fine Art
Ends on 05/04/2018
Nature & Science
Ends on 05/05/2018
Comics & Comic Art
Ends on 05/10/2018
Space
Ends on 05/11/2018
Western & Texas Art
Ends on 05/12/2018
Musical Instruments
Ends on 05/12/2018
Decorative Art
Ends on 05/16/2018
Sports Collectibles
Ends on 05/17/2018
Fine Art
Opens about 05/03/2018
Fine Art
Opens about 05/25/2018
Comics & Comic Art
Opens about 05/14/2018
Historical
Opens about 05/14/2018
Photography
Opens about 05/15/2018
Fine Art
Opens about 06/07/2018
Fine Art
Opens about 05/18/2018
Old West
Opens about 05/21/2018
Decorative Art
Opens about 05/18/2018
Arms & Armor
Opens about 05/22/2018
Luxury Accessories
Opens about 05/21/2018
Jewelry & Timepieces
Opens about 05/11/2018
US Coins
Opens about 05/25/2018
Comics & Comic Art
Opens about 05/29/2018
Fine Art
Opens about 05/28/2018
Fine Art
Opens about 05/29/2018
Fine & Rare Wine
Opens about 06/04/2018
Heritage membership
- Past Auction Values (prices, photos, full descriptions, etc.)
- Bid online
- Free Collector newsletter
- Want List with instant e-mail notifications
- Reduced auction commissions when you resell your
winnings
- Cash Advances
- More Bidders
- Trusted Experts
- Over 200,000 Satisfied Consignors Since 1976
Learn about consigning with us
The department director has the heart of a true and highly knowledgeable collector with the business acumen of someone who has been not only successful but has decades of an impeccable track recordView More Testimonials
HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)