Jones, Jesse

Brief TLS by the Houston entrepreneur as FDRs Commerce Secretary 1940-44, led RFC 1933-45

Price: $15.00

Description:
(1874-1956) Secretary of Commerse (FDR) 1940-44. Texas real estate executive made his mark as a Houston builder, building 50+ skyscrapers. After 1908, he organized the Texas Trust Company. By 1912, he was president of Houston's National Bank of Commerce, later merged with Texas National Bank to become the Texas National Bank of Commerce, which grew into a major regional financial institution. He helped secure federal funding for the Houston Ship Channel, which opened in 1914 and gave the city a viable port. In 1926, he became sole owner and publisher of the Houston Chronicle. In 1937, he transferred ownership of the paper to the Houston Endowment Inc. but retained title of publisher until his death. Headed the Reconstruction Finance Corporation (RFC) 193345, federal agency created by Herbert Hoover that played a major role in combating the Depression and financing industrial expansion in WW II. Jones was in charge of spending $50B especially in financing railways and building munitions factories. 3 x 6 TLS sending a woman his autograph, signed as Secretary of Commerce (1940-44).

Condition: Fair, trimmed, tape and tape stains at 3 corners, folds, spots
Type:Letter






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