FRANKLIN D. ROOSEVELT - DOCUMENT SIGNED 04/27/1931

Description: HistoryForSaletm Autographs & Manuscripts Make an Offer Today and Get a Quick Response! Take a Look at this Week's Specials! PRESIDENT FRANKLIN D. ROOSEVELT - DOCUMENT SIGNED 04/27/1931 - HFSID 348039 FRANKLIN D. ROOSEVELT As Governor of New York, he used this red, silver-tipped pen to sign a railroad bill creating the Board of Transit Control in 1931 Document Signed: "Franklin D Roosevelt", 1 page, 9x14. Albany, New York. April 27, 1931. Certificate authenticating that FDR used the attached pen to sign Senate Bill 12, the railroad unification bill. In full: "THIS IS TO CERTIFY that the pen hereunto affixed was used by me in signing Senate Bill Introductory Number 12, Printed Number 2455, entitled: 'AN ACT to amend the public service law, in relation to the plan of readjustment provided for in article seven thereof, to authorize the creation of the board of transit control and subsidiary corporations, to prescribe its and their duties and powers, to exempt its and their properties, income and securities from taxation and to make such securities legal investments, and to authorize the acquisition and operation of railroads and other transportation facilities, and otherwise.' and which became a law by my signature April 23, 1931, being Chapter 689 of the Laws of 1931. GIVEN by my hand and the Privy Seal of the State at the Capitol in the City of Albany, this twenty-seventh day of April in the year of our Lord one thousand nine hundred and thirty-one." Also signed by FDR's Secretary. 7-inch red pen with silver tip affixed at left margin, 2-inch diameter gold foil seal affixed at lower portion. FRANKLIN D. ROOSEVELT (1882-1945) served as Governor of New York from 1929-1933. He had signed the railroad unification bill four days earlier, on April 23, during the Great Depression, when railroads were facing a serious financial crisis. The bill authorized the creation of a Board of Transit Control, which was to improve transportation by acquiring, unifying and operating the railroads in New York. The Board was allowed to purchase, lease or recapture railroads; the object was for the state to buy the rails located within its boundaries at the same price it would pay to contract with the railroad company. The company could then use the money derived from this transaction to pay its debts to prevent bankruptcy. Since the Board was a state organization, its properties, income and securities were to be exempt from taxation. The unification bill is an example of the creative techniques which Roosevelt used, first as Governor then as President (1933-1945), to maintain business stability during the Depression and to lay the foundation for future economic growth. During the early 1930s, railroad companies faced extinction as increased use of automobiles, freight vans and buses resulted in decreased use of trains. As money became scarce during the Depression, people preferred the lower rates offered by buses and vans, even though the trip took longer. Between 1929 and 1932, the amount of freight carried by train decreased by fifty percent; this reduction resulted in a loss of revenue. President Hoover refused to interfere with business until 1932 when his Reconstruction Finance Corporation (RFC) began loaning money to railroads and other industries facing bankruptcy. Prior to 1932, the states were forced to take action on their own. This act was the basis for President Roosevelt's Emergency Railroad Transportation Act which was passed by Congress on June 16, 1933. The ERTA strove to eliminate the duplication of services and facilities offered by different companies, promoted financial reorganization of the railroads and encouraged the study of other means to improve transportation. On September 17, 1932, Roosevelt detailed his plan regarding railroads during a presidential-campaign speech given in Salt Lake City, Utah. He stated that competition between railroads - acceptable during profitable times - was stressing financially-strained companies to a breaking point. Roosevelt suggested the consolidation of railroads under a national transportation policy that would include the regulation of buses and vans, thereby decreasing the unfair advantage given to the then unregulated motor carriers. This measure would meet the needs of the public by combining all the means of transportation into one network, thus allowing the most efficient routes to be created. The railroads did not support the ERTA; thus, the act was not highly successful. The RFC, with increased power under Roosevelt's New Deal, loaned money to railroads throughout the remainder of the Depression. The outbreak of WWII (1939-1945) resulted in rearmament programs that increased the production of U.S. industry, simultaneously augmenting the demand for railroads to deliver needed supplies. After the U.S. entered the war, railroad profits more than doubled - a peak not achieved since before WWI (1914-1918). Type faded but legible. Slightly creased. Light flecks from seal at lower portion. Fine condition. Framed in the Gallery of History style: 34x22. See more material from these signers: PRESIDENT FRANKLIN D. ROOSEVELT See more listings in our PRESIDENTIAL (1,978) category. Please note that this is an authentically signed item. We do not sell autograph copies or signature reprints Click main eBay images to see larger versions Images shown may contain our company watermark. The actual document does not contain this watermark Certificate of Authenticity This item has been authenticated and is accompanied by a Certificate of Authenticity issued by our parent company, Gallery of History, Inc. We financially stand behind our COA. Our commitment to authenticity and customer satisfaction are the reasons why we've been able to stay in business for so long (since 1981)! Ask us about our PSA/DNA and JSA authentication guarantee. Visit our eBay Store today to see over 35,000 Rare Autographs and Manuscripts! Our Third & Best Handbook - The One You Want On Historical Documents! Enhance your collecting experience. Add this definitive guide to historical documents to your autograph purchase. For the experienced and novice collector and for those who just love learning history this beautiful 253-page hardcover volume is for you! For more information visit our eBay Store and select the Autograph Handbook category or click here. Take a look at over 35,000 other listings in these categories: Actors & Actresses | Art & Architecture | Authors | Aviation & Space | Business & Finance | Explorers & Western Americana | Foriegn Leaders | Law & Order | Military | Music & Performers | Presidential | Religion & Humanitarians | Royalty | Science & Medicine | Sports | Supreme Court | U.S. Politicians | Gallery of History is the world's largest dealer of authentic autographs and manuscripts. Our inventory contains documents in all areas of interest including presidents, royalty, military, aviation, religion, business, science, celebrities, sports, music, authors and more. Whether looking to add to your collection, acquire a unique centerpiece for the home or office, or as a truly one-of-a-kind gift for someone special, you'll find it here at HistoryForSale. Contact us today and let us assist you in finding that perfect piece. The Gallery of History, founded in 1981, is a long-standing UACC Registered Dealer, #RD110, and is a long-standing member of the Manuscript Society. HistoryForSaletm: Gallery of History through HistoryForSale provides eBay users the ability to bid on and purchase from an inventory which has been collected over an amazing 43 year period. The Gallery of History is the largest dealer in the world with an available inventory that exceeds 230,000 rare autographs and manuscripts. Preserving historical documents is important to us. Your purchase comes to you appropriately protected. Our unframed items are sent to you either in acid-free archival sleeves or have been encapsulated when noted. The majority of our in-house framed items are also encapsulated in acid free sleeves to guard against organic acids, mounted in an acid-free enviroment and are framed behind glass or UF3-AR Plexiglas which blocks out most ultraviolet light. Authenticity: This item has been authenticated and is accompanied by a Certificate of Authenticity issued by our parent company, Gallery of History, Inc. We financially stand behind our COA. Our commitment to authenticity and customer satisfaction are the reasons why we've been able to stay in business for so long (since 1981)! Ask us about our PSA/DNA and JSA authentication guarantee. Payment - Buyers will be sent payment instructions following their purchase. Customers are advised that they are responsible for payment of any international duties and/or taxes. Unless otherwise agreed to, complete payment is due within 24 hours of purchase. 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Price: 4500 USD

Location: Las Vegas, Nevada

End Time: 2024-11-14T15:02:14.000Z

Shipping Cost: 163.19 USD