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     Document 262772

CALVIN COOLIDGE. TLS: "Calvin Coolidge" as President, 1p, 7x8¾. The White House, Washington, 1927 December 8. To Honorable John Hays Hammond, Washington. In full: "I want to tell you how much I appreciate your kind words about my Message to Congress. It is always pleasant to receive expressions of approval; and you know I value your opinion very much." U.S. mining engineer, diplomat and philanthropist JOHN HAYS HAMMOND (1855-1936) was associated with Cecil Rhodes in developing South Africa's natural resources. On December 6, 1927, President COOLIDGE had delivered his State of the Union address to a Joint Session of Congress. He began, in part: "It is gratifying to report that for the fourth consecutive year the state of the Union in general is good. We are at peace. The country as a whole has had a prosperity never exceeded. Wages are at their highest range, employment is plentiful...Rates of interest for industry, agriculture, and government have been reduced. Savers and investors are providing capital for new construction in industry and public works. The purchasing power of agriculture has increased. If the people maintain that confidence which they are entitled to have in themselves, in each other, and in America, a comfortable prosperity will continue...." Fine condition.


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