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Ford, Gerald R. Typed letter signed as President, Washington, D.C., 14 May 1975.

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Ford, Gerald R. Typed letter signed as President, Washington, D.C., 14 May 1975.
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122. Ford, Gerald R. Typed letter signed ("Gerald R. Ford") as President, 2 pages (7 x 10.5 in.; 178 x 267 mm.), on embossed Presidential seal White House letterhead stationery, Washington, D.C., 14 May 1975. Written to, "The Honorable Abraham D. Beame, Mayor of New York City, New York, New York". Staple holes at upper left corner with slight soiling near lower right margin on page 1.
Gerald Ford to NYC: Drop Dead!
Ford writes in part: ...I was deeply impressed with the problems you and the City Council must face in the next few weeks in meeting the financial problems of the great City of New York...However, it was also clear that the City's basic critical financial condition is not new but has been a long time in the making without being squarely faced...Fiscal responsibility is essential for cities, states and the Federal government. I know how hard it is to reduce or postpone worthy and desirable public programs. Every family which makes up a budget has to make painful choices. As we make these choices at home, so must we also make them in public office too...In view of the foregoing considerations, I must deny your request for support of your Federal legislative proposal.... Sincerely, Gerald R. Ford. In early 1975, President Ford was asked by financially strapped New York City to lend them federal funds - the famous New York City Bail Out. In this historic letter, President Ford refused. Finally, on 26 November 1975, after the city itself raised taxes to cut spending, Ford signed legislation extending $2.3 billion in short-term loans, enabling New York to avoid default. $1,000 - $2,000