** FROM A FUTURE PRESIDENT TO THE SITTING PRESIDENT **
31st President. Typed letter signed (TLS) “Herbert Hoover” as Secretary of Commerce, one page with integral blank, 7×9, Washington, September 2, 1927, The Secretary of Commerce stationery. A letter to President Calvin Coolidge, addressed to “The President / The White House / Washington D.C.” regarding tariffs, in full:
I am returning herewith the report of the Tariff Commission on Crude and Caustic Calcined Magnesium. Four out of the five commissioners who participated in this report recommend an increase in duty based on the Tariff Act of 1922. There is, therefore, a large degree of unanimity in conclusions from the data recruited by the Commission.
Hoover is referencing the Fordney-McCumber Tariff, which raised import taxes an average of 40% or more. U.S. trading partners raised their tariffs in response; in hindsight, setting in motion a disastrous course of actions culminating in the Great Depression.
Few stray stains and annotations in pencil, light remnants from previous mounting on left side.