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     Document 32514

CALVIN COOLIDGE. Draft TLS: "Calvin Coolidge" in pencil, 1p, 8½x6. No place, no date. To Mr. O'Laughlin. In full: "I should like to add one thing to what you have written: my confidence in the integrity of the purpose of Congress to provide the people with the economic relief which they must have." Coolidge has crossed out portions and made additions in holograph to read: "I have every confidence in the determined purpose of the Congress to provide the people with the economic relief which present conditions require. Taxes must be reduced." Thirteen words handwritten by Coolidge. After much debate, Congress passed the Revenue Act of 1926, which President Coolidge signed on February 26, 1926. It reduced federal income and inheritance taxes dramatically. By content, this undated letter was probably written by Coolidge as President in late 1925. Fragile. Lightly creased. Torn edges and margins. 2 pinhead-size holes at upper blank margins.


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