TLS as president, one page, 7 x 9, White House letterhead, November 4, 1921. A letter to Mr. Mack of the Central Trust Company of Illinois. In part: “The Director of the Budget has presented to me your reports upon the estimates of the Railroad Administration, the Alien Property Custodian and the Public Health service. I realize fully the tax upon your time and effort which this clear condensation of essential information has involved. Your recommendations have been followed and I desire to express to you my sincere appreciation for your patriotic cooperation in the work of preparing the first budget of the United States under the new law. You have given a heartening demonstration of patriotism in peace.”
In fine condition, with faint paper clip impression, two small areas of trivial soiling, affecting neither text or the signature. On June 12, 1921, President Harding signed the Budget and Accounting Act of 1921 establishing the Bureau of the Budget. The Budget Director was directly responsible to the President, rather than the Secretary of Treasury. The General Accounting Office was created to assure oversight in the federal budget expenditures. Pre-certified John Reznikoff/PSA/DNA and RRAuction COA.
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