February 2017 Auction Ends Thursday, February 23rd, 5pm Pacific
This lot is closed for bidding. Bidding ended on 2/23/2017
Herbert Hoover autograph letter signed, with interesting personal content during his time as a partner at the mining company of Bewick, Moreing, circa 1905 when Hoover was in his 30s. Hoover writes to investor W.J. Loring about the problems at the firm, his financial prospects and also wanting to buy a house in New York, since ''sooner or later the worlds finance (and therefore mining) is going to be centered there.'' Hoover writes in full, ''Mr dear Loring - I'm very glad to tell you that the Black Range shares were over subscribed at the last moment and I put through an arrangement by which the over subscriptions are to [be] taken from our shares - We are not certain of the exact amount yet nor of the exact number coming to us until the May accounts have been received from the mine. The approximate that we are entitled to 15000 of these about 12000 are taken down the Eureka hole I fear. I am going to New York for a vacation of a month - August - also I have some negotiation over there about a Mexican mine. Glad to see Borrowe on the Perseverate. I wish someone would steal Aarons - As you know I have been long dissatisfied with my position, not so much because of the work & worry but because I haven't the Constitutional make up for long continued office application. Sooner or later it has to change - so the doctor says - or I will never see 40. It has given me any amount of mental exercise and I have concluded that the way out is that you should break in a man to Eastern Australia like [John Alexander] Agnew in the West - and take over London 6 months of the year. It is hopeless to expect the application from [C.A.] Moreing - that will make this firm a success; he is too rich. [?] is allright as a superior Nicholas or Sheard. If he then is going to go and go as permanent [?] you and I have to cover our subscriptions & I am negotiating to sell a block of 5000 of which all ours will come in & the balance from the Company. I am not sure that we will get cash at once - probably we will on the 12000 have to wait the payments and the terms of subscriptions - over 6 months or so - I am going to try & get cash however - or discount them at 4%. I like to handle coin these days. It's been a very good deal for us but sadly it's all gone to make it. It's a good business and with a little less speculativeness it can be made to earn a solid fortune in the next five years for us both - I don't propose anything for the moment - much depends on the Deep Leads: I shall remain here until Nov or Dec and if they are successful some such a shift as the above can be made next summer. I am trying to work up a business in Mexico which will eventually give us excuse to go to America. With any success in Deep Leads I am going to open a house in New York for financial purposes - sooner or later the worlds finance (and therefore mining) is going to be centered there. I haven't spoken to anyone in the matter yet but merely offer it for your digestion - Very Sincerely / H.C. Hoover''. Letter is written in ink on 6 pages of 2 sheets of paper measuring 8.25'' x 10''. Punch holes to sheets, otherwise near fine with legible handwriting.
Herbert Hoover Autograph Letter Signed With Personal Content -- ''...it has to change - so the doctor says - or I will never see 40...'' -- Hoover Also Predicts the Future Importance of New York
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