Hobbies: Paper Celebrities

Anybody who thinks that an autograph hound is nothing but a teen-ager waiting outside the "21" Club for celebrities should have been in a ball room at Manhattan's Gotham Hotel one night last week. There, decorous nods and flicks of programs caused little fragments of history to change hands. A letter about foreign policy from President John Adams to "Their Excellencies Benjamin Franklin Esqr and Thomas Jefferson Esqr" brought $1,600, and an A.L.S. (Autograph Letter, Signed) from President George Washington, accompanied by an unsigned letter written to him, went for $1,250. He...

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