PORTER, COLE

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PORTER, COLE - Cole Porter Wants to Borrow $40,000 to Pay his Federal Income Tax
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PORTER, COLE - Cole Porter Wants to Borrow $40,000 to Pay his Federal Income Tax

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PORTER, COLE.(1891-1964). American composer and lyricist of such hits as Night and Day, Anything Goes andI Love Paris. TLS. (“Cole”). 2/3p. 4to. New York, September 20, 1950. On illustrated letterhead of Porter’s home at the Towers of the Waldorf-Astoria. To his friend and cousin Albert “Harvey” Coleof Peru, Indiana, who served as his financial manager and executor.

 

The Internal Revenue agents completed their audits of my Federal Income Tax returns for the years 1944 through 1948 during this current year, which resulted in additional assessments of taxes plus interest of approximately $40,000. Will it be possible for me to borrow this $40,000. (and at what interest rate) from the estate, against which my share of subsequent distributions can be applied in their entirety until the loan is liquidated. If this is feasible, I should like to have the money sometime around the middle of December…”

 

A sophisticated and superb craftsman, Porter enjoyed a successful career in both theater and film. Known as one of America’s leading songwriters, his elegant fusion of “graceful melody and rhyming ingenuity with a mixture of sexual innuendoes, offbeat humor, colloquialisms, and topicality” won him the esteem of admirers the world over, (DAB). In 1937, Porter wrote In the Still of the Night and other songs for MGM’s romantic comedy Rosalie. Tragically, Porter fractured both of his legs in a horse riding accident not long after completing work on the movie. A severe blow to the active and proud composer, his long convalescence did not stop him from composing Most Gentlemen Don’t Like Love, From Now On and Get Out Of Town during this time. Ten years later his masterpiece, a version of Shakespeare’s The Taming of the Shrew entitled Kiss Me, Kate, premiered at New York’s New Century Theatre. The “estate” may refer to that of his father, Samuel Fenwick Porter, who died in 1927.

 

Folded with some creasing and staple holes in the upper margin. In fine condition.


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