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Joseph Kennedy Payoff Note

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Item # 954083
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This is an incredibly interesting piece of presidential memorabilia.  It is a hand-written note by Joseph Kennedy, father of the “Kennedy Clan” to someone, advising them to “Spend this advisedly.  See that no woman gets it.”  I’ll keep it quiet.  Regards to all, Joe.”  Comes with a copy-photo of the Kennedy Clan.

It is written on his stationary as President of the Columbia Trust Company, which was one of his first major business exploits.  In 1913, this bank, in which his father held a significant share, was under threat of takeover. Kennedy borrowed $45,000 (equivalent to $1.3 million in 2022) from family and friends and bought control of the bank.  At the age of 25, he was rewarded by being elected the bank's president. Kennedy told the press he was "the youngest" bank president in America.

Whatever this note was about is lost to time, but it reflects his “darker side” as a less-than upstanding business man.  Known as a boot-letter during prohibition, and subsequent mob-connections in the Irish Catholic community, what is certain is that his power and influence helped create one of the most prominent political dynasties in world history, surpassing that of the Julian dynasty of Julius Caesar!