Lot #8149
Franklin D. Roosevelt

FDR creates the 'Code of Fair Competition for the Wool Textile Industry'
This lot has closed

Estimate: $2000+


FDR creates the 'Code of Fair Competition for the Wool Textile Industry'

TLS as president, one page, 6 x 8.5, White House letterhead, August 22, 1933. Letter to Charles H. Silver of the American Woolen Company, in part: "I have pleasure in sending you herewith the Pen which was used in signing the Woolen Code on July twenty-sixth." Includes the rare steel-nib Eagle Pencil Co. dipping pen, mounted on the letter and matted and framed to an overall size of 10.5 x 13. In very good to fine condition, with light overall toning, and two paperclip impressions to the top edge. Provenance: Charles Hamilton Galleries, May 1985.

On July 26, 1933, Roosevelt issued an Executive Order promulgating a 'Code of Fair Competition for the Wool Textile Industry,' which directed wool industry employers to pay minimum wages ($14 per week in the North, and $13 in the South); set the limit of a 40-hour work-week; limited hours of operation of looms, spindles, and other knitting machines to two 40-hour shifts per week; disallowed the employment of minors under 16 years old; and called for reporting of data associated with wages, finances, production, and raw materials.

Auction Info

  • Auction Title: Presidents
  • Dates: #603 - Ended February 18, 2021

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