President Buys First ‘Baby’ Bond (1935)
02:35:06 President Roosevelt at desk w/ Secretary of Treasury Morganthau & Postmaster General James Farley MCUs.
02:35:16 FDR SOF: “Postmaster General I want to buy from you now six of the $25 bonds, one of each of my five grandchildren & one for myself; and I hope my arithmetic is right. I figured it out that I owe you $112.50. There’s a hundred, hundred & ten, hundred & eleven, hundred & twelve, & hundred & thirteen. Now, you owe me fifty cents!”
02:35:50 Farley SOF: I don’t know if I have the fifty cents or not. (laughter). Here it is Mr. President & I’m sure that there will be a successful sale of these bonds all over the country.”
Depression; Financing; Government Economics;
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President Buys First ‘Baby’ Bond (1935) 02:35:06 President Roosevelt at desk w/ Secretary of Treasury Morganthau & Postmaster General James Farley MCUs. 02:35:16 FDR SOF: “Postmaster General I want to buy from you now six of the $25 bonds, one of each of my five grandchildren & one for myself; and I hope my arithmetic is right. I figured it out that I owe you $112.50. There’s a hundred, hundred & ten, hundred & eleven, hundred & twelve, & hundred & thirteen. Now, you owe me fifty cents!” 02:35:50 Farley SOF: I don’t know if I have the fifty cents or not. (laughter). Here it is Mr. President & I’m sure that there will be a successful sale of these bonds all over the country.” Depression; Financing; Government Economics;