Skip to comments.President Coolidge Speaks to Us from 1924
Posted on 12/12/2009 3:09:15 PM PST by gdzla
I came across this and it almost blew me away.
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It came through loud and clear. Thank you.
We’ve gone to hell since 1927.
Coolidge was the last conservative President until Reagan. The liberal media and historians have ridiculed him for years in order to keep us from realizing how good he was.
And here’s my grandfather from 1938 when the crap was REALLY hitting the fan. He who will not listen is no better that he who has no ears.
File this either under What is past is prologue or Everything old is new again.
This letter came to my attention many years after my grandfather went to his final reward. I am saddened that he never knew that some of us down-liners inherited his outrage gene. I am further saddened that he and I never had a chance to discuss these matters.
In the approximately once per generation economic excesses and insanity almost always triggered by the existence of un-backed fiat paper money a minority of citizens living through the madness grasp whats going on. But only a small handful speak out about it.
I have been speaking out about it since my late friend Tupper Saussy introduced me to Roger Sherman.
I am proud that my grandfather was also one of those who spoke out.
Unfortunately, few have either the desire or capability to grasp the nexus of the problem let alone try to affect the necessary changes.
Yet we persist as the alternative is too grim to contemplate.
And if you dont think YOU will not be impacted or like Neal Boortz think you can outrun whats coming, that flapping sound you may hear are some very BIG buzzards coming home to roost — at YOUR house!
May 13, 1938
Mr. Uncle Sam
c/o Henry Morgenthau, Jr.
My Dear Uncle:
I am in receipt of a letter dated May 5th, from Mr. Morgenthau, which letter he signed as your Secretary of the Treasury. According to the dictionary, a Treasury is, among other things, a place in which stores of wealth are deposited, and as there does not seem to be any wealth in your Treasury, it would seem that he should have signed the letter as your Treasurer of the Deficit, as, according to the dictionary, a Treasurer is, among other things, an officer who receives the public money and disperses it and, as he has dispersed a great deal more money than he has received, he is in charge of a Deficit, instead of being in charge of the Treasury.
In his letter, he attempts to persuade me that I should lend you some money by buying Savings Bonds and he states that more than 1,260,000 people own more than $1,600,000,000 maturity value of these bonds, in addition to which, I understand that you owe about $36,000,000,000 on various other kinds of bonds and notes, and that you have a contingent liability of additional billions. In his letter, he states that the savings bonds mature in ten years from the date of issue, and that they may be redeemed for a stated amount at any time after sixty days from the date of issue. This all sounds very impressive, but when these bonds mature, or in case an effort is made to have them redeemed previous to maturity, I am wondering what you will exchange for them. Will it be food, clothing and housing, or will it be 59 cent dollars of some other much greater reduced value, which dollars, as was the case with the German Mark, under similar conditions, may be of value mainly as waste paper?
When considering an application for a loan, the reputation of the prospective borrower is generally considered to be of first importance, and to be real frank about it, your actions during the past five years have not been such as to inspire confidence in you, as in addition to spending in countless foolish ways, a great deal more than your income, you have not been absolutely honorable, truthful and reliable. After borrowing large sums of money upon the promise to repay it in gold, you decided not to do so. In addition, you took from your nieces and nephews all of the gold which we had and buried it in the hills of Kentucky. I am wondering if you think that by planting it, you can cause it to grow in value, or if, like whiskey, you think the quality of it will improve with age. You are also forcing your nieces and nephews to turn over to you large sums of money, which you have promised to save for us and to return to us when old age overtakes us. Instead of saving this money for us as promised, however, you have been spending it as fast as it is received, in what appears to be nothing more or less than a drunken joy-ride.
Even though one of your age and experience should realize that it does no good to prime a broken pump, especially after having tried it for several years without success, you continue to prime the business pump, and to kick and cuss it and work on it with a sledgehammer.
I addition to other things, the frequent use of a hypodermic has done you no good, and probably explains why you penalize and abuse your nieces and nephews who are thrifty and industrious, and reward those who are incompetent and lazy; why you killed five or six million little pigs, even though our political friends are always hungry for pork; and why you destroyed crops of cotton, wheat, corn, etc. to the advantage of producers in other nations.
Like any incompetent spendthrift who violates all the tried and tested laws of economics, there must be a day of reckoning for you at some time in the future, at which time you will find it impossible to pay your debts, or else you will be obliged to pay them in depreciated currency. In either event, it does not appear to be safe or wise to lend you any more money to be used by you in making whoopee and playing Santa Claus. In order to save you from yourself and to prevent the dissipation of what few assets you may have left, a guardian should be appointed for you but this will take time and probably cannot be accomplished previous to 1940.
Your distressed nephew,
Karl W. Bachert
One of the greatest favors that can be bestowed on the American People is Economy in Government.Maybe they called him "silent Cal" because when they finished censoring everything he had to say about private enterprise and individual liberty there wasn't anything left to report.
I have always admired Coolidge and thought he was underrated. If you read some of his speeches and statements you can tell he was a very smart man who spoke and wrote with extraordinary eloquence about freedom, the necessity of keeping government small, and the belief in American exceptionalism.
I suppose today we would say Coolidge was not very telegenic. I have only seen video of him or heard recordings of his voice a few times. Here he looks rather old but he was only about 52 at the time. Still when you compare his ideas to those of the current one in the White House, Coolidge sounds 1000 times better!
It is a good thing that Harding ran in 1920 because silent Cal lacked any charisma and could only be elected as a sitting President who was doing a good job.
i would have liked to talk to your grandfather as well.
Calvin Coolidge would puke if he could see Vermont now.
What’s funny is that people raved about how good he sounded on the radio. Considering that the transition from horns to cone speakers occurred in 1927-29, this isn’t surprising. His rather high, nasal voice was very intelligible.
One of the most despicable things Roosevelt ever said was in an address in 1944—I’ve heard the recording only once—in which he said something like “if we were to return to the so-called normalcy of the 1920s, it would represent the triumph of the Fascism we are now fighting.” I.e., when Harding and Coolidge dismantled most of the Wilsonian War Socialism, they were like Hitler.
Coolidge made another DeForest Phonofilm in May or June of 1925. It’s easy to distinguish from the 1924 campaign film, because it was shot against the ground-floor doorways on the South Portico. The remarks in that film are almost entirely taken from his Inaugural Address.
EVERYONE should read, first of all, Coolidge’s Address at Philadelphia, July 4, 1926, which is explicitly ANTI-PROGRESSIVE, and his Inaugural Address, March 4, 1925.
No wonder FDR introduced so many disastrous policies which prolonged the economic misery — and Hussein is attempting the same.
What a great historical document.
A collection of such letters would make a fantastic book. They must exist in the millions in the files of Morgenthau and other New Dealers.
I have taken the liberty of e-mailing it all over.
And what would he say about that progressive hellhole, Taxachusshits, that he once served as Governor?
Don’t need to watch it....
I watched it with Biden when it was originally broadcast on TV in 1924....
I remember in my school years a few dismissive mentions of Coolidge and that was it. Now the little tykes are probably so busy learning about Che and other great People’s Heroes that they have no time for American Presidents at all... let alone conservative ones.
Wow, that was great. Only 4 minutes, too! Wow.
Ha! Coolidge? They don’t even mention FDR or JFK! Teachers are so incompetent these days that kids don’t even get past WWI (that happened to me 25 years ago, and I know things haven’t gotten any better). The only education I have I got despite Public Education, not because of it.
Kids only know which side won in WWII if their (great) grandfathers tell them war stories. Teach the kids you can!
I’m certain that my grandfather would be as pleased as I am that you found the same wisdom and insight in that document that I did.
Wish we could have talked while he was still here. But then, I was certainly too young and uneducated on the issues to have made much sense of his wisdom at the time.
Again, thank you and have a Merry Christmas.
Pretty depressing, isn’t it? The kiddies learn virtually nothing and the teachers demand and receive exorbitant pay and benefit packages.
Coolidge understood Economics and Freedom. So did Cleveland and Reagan. The rest not so much.
Thanks for posting! If only we had more men like President Coolidge, who understand common sense and who pays for all the plans of politicians!
One big part of the problem was the insistence on using ever-increasingly-larger textbooks that were literally impossible to cover in a single school year (I know, I tried an experiment to see how long it would take — it took two years to cover one book). So you’d endlessly rehash the Pilgrims, and by the time you got up past the Civil War/Turn of the 20th Century, school year would be over. I thought it was absurd the fights over getting “new textbooks” that were updated, because if you couldn’t get through half the book, what was the point ?
“To tax the people more than is absolutely necessary is robbery.” That was one of Coolidge’s best quotes.
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