LOT #39291 |
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Franklin D. Roosevelt: Fountain Pen Used to Sign 1933 Home Owners' Loan Act.. -June 13, 1933. 8", framed to 12" x 9".. -Pen ...
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Sold on Dec 2, 2008 for:
$1,912.00
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Description
Franklin D. Roosevelt: Fountain Pen Used to Sign 1933 Home Owners' Loan Act.-June 13, 1933. 8", framed to 12" x 9".
-Pen is very fine. Frame and inserts have some wear and toning, else near fine.
This Premier fountain pen is an early relic of New Deal legislation signed by FDR. The 1933 Home Owners' Loan Act was intended "to provide emergency relief with respect to home mortgage indebtedness, to refinance home mortgages, to extend relief to the owners of homes occupied by them and who are unable to amortize their debt elsewhere, to amend the Federal Home Loan Bank Act, to increase the market for obligations of the United States and for other purposes." Also included are two matted cut-outs: an FDR quote referring to New Deal agencies; and a pencil description of the pen, accompanied by the signature of Russell Hawkins, whom the president had appointed to the Federal Home Loan Bank Board. A rare FDR item from the first days of the New Deal.
Auction Info
2008 December Signature Collection of the FDR Museum Auction, Part 2 #6010 (go to Auction Home page)
Auction Dates
December, 2008
2nd
Tuesday
Bids + Registered Phone Bidders: 8
Lot Tracking Activity: N/A
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Buyer's Premium per Lot:
19.5% of the successful bid per lot.
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