TLS, one 8 x 10.25 page affixed to a slightly larger card, White House letterhead, November 29, 1946. Truman writes to Paul A. Porter. In part: “I have your letter … and accept with reluctance … your resignation as Administrator of the Office of Price Administration. I told you when I assigned you to this post last February that you would face insurmountable difficulties and frustrations but that it was a task that had to be carried on so long as the Congress gave us authority and the people of the Nation needed support. You have completed your assignment with competence and outstanding devotion to the public welfare. For this your country owes you a debt of gratitude and as your President I commend you for a job well done…. The danger of ruinous postwar inflation is much lessened by the efforts which you and your associates have made in the critical months since price control was extended…. I can understand the reasons which impel you to return to private activity. Since the war began you have given your government unselfish service at personal sacrifice and I cannot rightfully insist that you remain in the federal service longer….” The Office of Price Administration (OPA) came into being in 1941, under the provisions of an executive order by FDR, with the purpose of stabilizing prices and rents following the outbreak of World War II. In very good condition, with mounting as noted and light scattered soiling and toning. Auction LOA John Reznikoff/PSA/DNA and R&R COA.
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