University Archives

Lot 223

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Theodore Roosevelt Superb Letter on Progressives W. Long Postscript

Single page typed letter signed on "The Outlook, 287 Fourth Ave, New York" letterhead, 7.75" x 8.5". Dated "November 25, 1912". Signed by Theodore Roosevelt "Theodore Roosevelt", who added a large postscript "But I should object - to a deal with Barnes, Parsons, Koenig, Dady + Co as much as to one with Tammary". Two punch holes along left edge with slight abrasion to the paper, else near fine.

Roosevelt writes to his close friend, William Prendergast, one of the most influential figures in New York's 20th-century financial history, served as City Comptroller (1910-17) and chairman of the state's Public Service Commission (1921-30). In Credit and its Uses he details "the all-powerful influence of credit" and as Comptroller built on its principles by enacting administrative changes that "increased accountability… reduced short-term borrowing and saved approximately $1.5 million a year" (Revell, 156). Prendergast, who fostered a "new water supply of the City of New York and the extension of its rapid transit system… was mainly instrumental, also, in establishing the pay-as-you-go policy in New York City finance" (New York Red Book, 200). A founder and secretary of the National Association of Credit Men, he became "one of the stormiest political figures in city and state politics… a lifelong Republican save for his espousal of President Theodore Roosevelt's Progressive party in 1912. In that year Prendergast made the nominating speech for Roosevelt at the 'Bull Moose' convention… Essentially a businessman in government, he favored the virtues of efficiency, hard, speedy work and economy

Roosevelt writes "I hope it is needless to say that the newspaper reports that I have in any way antagonized your position as to the municipal contests are entirely erroneous. I knew nothing about the matter until the vote had been taken …New York municipal Progressives must subordinate every other interest to getting the best possible ticket nominated in the interest of the city …"

Ex. The Forbes Collection. Malcolm Forbes (1919-1990), American owner-publisher of Forbes magazine, and consummate collector, amassed one of the most substantial and broad collections of such breadth and depth that it filled a half-dozen residences, and sat on three continents. Many of his manuscripts were sold in multi-million dollar sales by Christie's in the early 2000s. The Forbes name is considered to be the apex of provenance when attached to an item like the one above. We are honored to have been chosen by the family to sell at auction the substantial balance of the collection.

This item comes with a Certificate from John Reznikoff, a premier authenticator for both major 3rd party authentication services, PSA and JSA (James Spence Authentications), as well as numerous auction houses.


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June 24, 2020 10:30 AM EDT

Wilton, CT, US

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Bid Increments
From: To: Increments:
$0 $99 $10
$100 $299 $20
$300 $499 $25
$500 $999 $50
$1,000 $1,999 $100
$2,000 $2,999 $200
$3,000 $4,999 $250
$5,000 $9,999 $500
$10,000 $19,999 $1,000
$20,000 $49,999 $2,500
$50,000 + $5,000