Description

Roosevelt, Franklin D., Typed Document Signed, New York, 1 February, 1927. Signed twice in ink on paper by Franklin D, Roosevelt and once by Basil O’Connor. 3 ¼ in x 8 ½ in. A financial document for the Georgia Warm Springs Foundation, this promissory note is an agreement in which the Georgia Warm Springs Foundation agrees to repay Franklin D. Roosevelt a loan of $5,000 in gold in ten years time: “… for value received, to pay to the order of Franklin D. Roosevelt, the sum of Five Thousand Dollars in gold coin of the United States of America of the standard of weight and fineness existing on the date of this note, without interest.” Roosevelt signed the note at the bottom right along with Basil O’Connor, his law partner and legal adviser. Roosevelt also signed the back of the note, a typed endorsement that reads: “The within-named payee waives presentment and notice of non-payment within the note.” With this endorsement, Roosevelt forgave payment. The second signature is undated, but appears to have been made at the same time as the main promissory note was signed. Condition fine. A remarkable document showing Roosevelt’s steadfast support for the Warm Springs Foundation, which helped him so much during his rehabilitation.