Washington DC; Philadelphia, PA; Kansas City, MO: [ca. 1920-1931]. 406 hand written letters between Morris Glazer and Dorothy (Cramer) Glazer. Nearly all in original mailing envelopes. 2 8vo. illustrated booklets: WASHINGTON STOCK EXCHANGE REVUE OF 1922; 27pp. String bound at left margin, illustrated card wraps, vignette illustrations and printed music throughout. DINNER OF THE WASHINGTON STOCK EXCHANGE APRIL FIRST 1922; Chromolithograph illustrated card wraps, 30pp. Bound with silk ribbon run through a ticker tape machine at left margin; 30pp. Many of the names and companies listed in Morris' writings appear in these programs, with copious lists of attendees (including Morris) and figures in politics and finance. Booklets about fine. Envelopes moderately worn, letters well preserved, generally near fine. Near fine. Item #14561
An extensive archive of correspondence covering the Jazz Age, 1929 Stock Market Crash, and early Depression-era between Morris Glazer, a young Jewish man from Washington's Cleveland Park neighborhood and financial editor of the Washington Post and Philadelphia Record, and his wife, Dorothy (Cramer) Glazer. The first approximately 180 letters, span the Spring of 1920 into the Fall of 1921. A recent graduate of the University of Missouri, Morris is working as a copy writer on the city desk of the Washington Post and quickly rises to editor of the financial section. His letters are almost exclusively written from either the copy desk or lounge of the National Press Club and capture the daily routine of a newspaper man and the Club atmosphere. Dorothy, residing in Kansas City, is skeptical of his ability to provide for a family on the salary of a newspaper man and as a result, Morris is constantly chasing side work, writing stories, and providing publicity for various trade publications. They are married in September of 1921, after he is made financial editor of the Post, and their letters cease with her relocation to Washington. The correspondence resumes, however, as she travels between March and June of 1923: 134 near daily letters back and forth. By this time, Morris is comfortable in his position as financial editor and appears to be taking full advantage of his access by pursuing aggressively retail trades in the stock market on the strength of insider information. Dorothy, never at ease with his investment strategies, is unimpressed: "You may call it "high finance." I call it "plain gambling." I shall change my opinion when you have much more experience" (April 22, 1923). After her return to Washington, the letters again cease, this time until July 1929 when Morris takes a position as financial editor of the Philadelphia Record, staying during the week at the YMCA and traveling back to Washington by train on weekends. He is still deeply invested in the markets; from his first dispatch from Philadelphia: "I made the rounds today of the some of banks and brokerage houses. Think I'm going to like this job very much. [...] The dope is - hold to N.A. - good for 200. UL is also going up - and Com. + South should go at least 4 or 5 pts higher. If I get any hot news tomorrow, I'll wire you" (July 02, 1929). He pens approximately 20 letters in October and November of 1929, detailing his market moves, the ensuing horror, and his continued efforts at chasing losses. He urges Dorothy to use their son's money to purchase stock in Zenith: "Altho the market went down, things are in much better shape. The heavy selling is over, and the market is acting more naturally. P+W. went up, as you noticed. Think you could buy about 50 shares of Zenith Radio for Harry's money" (November 18, 1929). Their written contact becomes more sporadic throughout 1930 and 1931, ending in October of 1931 when he is presumably let go by the paper. In his final letters he details bank collapses throughout Philadelphia, brokerage houses folding, and steep employment cuts at the Record: "This has been a trying week in Phila. About 12 banks failed, and the stock marked nose-dived. But things are looking a little better now, thanks to Mr. Hoover. As a result of this excitement I have been kept much busier than usual. Had two front page stories this week, one on the closing of a big bank, the other on Mr. Hoover's plan" (October 8, 1931). Glazer's Jewish identity is regularly mentioned or alluded to; he discusses fellow Jews at work, jobs he think he might have lost due to his identity, articles read, and like. A rich archive, some 150k+ words in length (with majority from Morris), chronicling the professional and personal life of a financial newspaper man and retail investor during the most significant period in the history of American finance. A complete inventory is available.