logo
Weekly Auctions of Exceptional Items
Log In
lots of lots

Herbert Hoover TLS Re: Mining Stock Trading

Sold on LiveAuctioneers

Discover Similar Items

See All
$150

Number 357 for five (5) shares (50656 to 50660) of this English stock. Datelined London 1874. WC Chalmers secretary, directors illegible. Incorporated on July 3, 1864 per the Daily Alta California. No

$100

Collection of approximately 200 telegrams on the Western Union Telegraph company. These telegrams involve the sale of California and Nevada mining stocks, mostly Comstock and Bodie regions. They origi

Desirable pairing of photographs inscribed to one of Hoover's Secret Service agents: a vintage matte-finish 8.5 x 11.25 Bachrach portrait of Hoover, signed and inscribed in the lower border in fountai

Rare and magnificent vintage matte-finish 20 x 16 photo of President Herbert Hoover and his cabinet seated on the White House lawn, signed in the lower border in fountain pen Herbert Hoover, åÊH

Official White House card, 4.25 x 2.75, signed neatly in fountain pen by President Herbert Hoover. In fine condition, with some old mounting remnants on the back.

$150

Lot of 7 different. Includes: California Mining Company (San Dimas, 1900, not cancelled); San Bartolo Mountain Mining Co. (San Bartolo Mountain, Jalisco, 1882, not cancelled); Platanillo Mines Co. (Gu

Vintage matte-finish 10.25 x 13.25 Bachrach portrait of Herbert Hoover, signed and inscribed in the lower border in fountain pen, "To W. S. Campbell‰ÛÓwith kind regards of Herbert Hoover

Three items signed by former occupants of the White House: a TLS by Herbert Hoover; a postcard signed by Jimmy Carter; and a free franked mailing envelope signed by Eleanor Roosevelt. In overall fine

item-66771784=1
item-66771784=2
item-66771784=3
item-66771784=4
Herbert Hoover TLS Re: Mining Stock Trading

Lot 0096 Details

Description
Hoover Herbert







Herbert Hoover TLS Re: Mining Stock Trading



 





1p TLS signed by then freelance mining consultant Herbert Hoover (1874-1964) as "HC Hoover" at center. Written in London, England on September 30, 1910. Typed in purple ink on cream stationery paper with "H.C. Hoover, / No 1, London Wall Buildings, / London, E.C." letterhead. Bearing a Edward VII red one penny stamp at lower right. Expected light paper folds, else near fine. 8.25" x 10.125".



 





Herbert Hoover wrote this letter to William J. Loring (ca. 1869-1952), one of his former colleagues at Bewick, Moreing & Co., in the fall of 1910.



 





In part:



 





"I beg to acknowledge receipt of your cheque for £1859.2.2 on account, as per letter of Messrs. Bewick, Moreing & Co. of 30th September."



 





Hoover and Loring had both been employed by the London-based mining corporation Bewick, Moreing & Co. (BMC). Hoover had met Loring, a fellow American, on assignment in the Australian bush in the early 1900s. The sum indicated in this letter represented a sizable investment: £1859.2.2 is the equivalent of approximately £212,000 in 2018 currency.



 





Hoover made his fortune at the turn-of-the-century as a mining engineer, consultant, administrator, and investor. After joining BMC in 1897 as an underling, Hoover was promoted to junior partner by 1898 and full partner by 1901. Hoover was a corporate "fixer" tasked with evaluating and revitalizing failing BMC holdings in Asia, Australia, and Africa.



 





William J. Loring was one of twentieth-century America's most successful mining industrialists. He entered the trade at age 12, and by his early 30s had become BMC's superintendent of the Sons of Gwalia Mine in Australia. When Hoover left the company's employ in 1908, he sold his BMC shares (amounting to 33 1/3% of the entire corporation) to Loring. He and Hoover were initially friendly, but relations became strained after Hoover violated a non-competition agreement. Following a 1917 lawsuit, and especially after Loring's Western U.S. investments failed in the late 20s, he deeply resented and even hated Hoover.



 





Hoover gained his first political experience as Director of the U.S. Food Administration and, between 1921-1928, U.S. Secretary of Commerce. Hoover was blamed for mismanaging Depression recovery efforts; many viewed his 1932 presidential loss to 32nd U.S. President Democrat Franklin D. Roosevelt as a referendum. Both Presidents Truman and Eisenhower appointed Hoover to head post-World War II fact-finding and aid-giving commissions. This later political involvement rehabilitated Hoover’s image.



 






WE PROVIDE IN-HOUSE SHIPPING WORLDWIDE!


Buyer's Premium
  • 25%

Herbert Hoover TLS Re: Mining Stock Trading

Estimate $200 - $300
Dec 05, 2018
Starting Price $100
Shipping, Payment & Auction Policies
See Policy for Shipping
Ships fromWestport , CT, United States
University Archives

University Archives

Westport , CT, USA
1,892 Followers
logo
www.liveauctioneers.com
item

0096: Herbert Hoover TLS Re: Mining Stock Trading

Sold for $160
4 Bids
Est. $200 - $300Starting Price $100
Autographs & More Deliverable by Christmas!
Wed, Dec 05, 2018 10:30 AM EST
Buyer's Premium 25%

Lot 0096 Details

Description
...
Hoover Herbert







Herbert Hoover TLS Re: Mining Stock Trading



 





1p TLS signed by then freelance mining consultant Herbert Hoover (1874-1964) as "HC Hoover" at center. Written in London, England on September 30, 1910. Typed in purple ink on cream stationery paper with "H.C. Hoover, / No 1, London Wall Buildings, / London, E.C." letterhead. Bearing a Edward VII red one penny stamp at lower right. Expected light paper folds, else near fine. 8.25" x 10.125".



 





Herbert Hoover wrote this letter to William J. Loring (ca. 1869-1952), one of his former colleagues at Bewick, Moreing & Co., in the fall of 1910.



 





In part:



 





"I beg to acknowledge receipt of your cheque for £1859.2.2 on account, as per letter of Messrs. Bewick, Moreing & Co. of 30th September."



 





Hoover and Loring had both been employed by the London-based mining corporation Bewick, Moreing & Co. (BMC). Hoover had met Loring, a fellow American, on assignment in the Australian bush in the early 1900s. The sum indicated in this letter represented a sizable investment: £1859.2.2 is the equivalent of approximately £212,000 in 2018 currency.



 





Hoover made his fortune at the turn-of-the-century as a mining engineer, consultant, administrator, and investor. After joining BMC in 1897 as an underling, Hoover was promoted to junior partner by 1898 and full partner by 1901. Hoover was a corporate "fixer" tasked with evaluating and revitalizing failing BMC holdings in Asia, Australia, and Africa.



 





William J. Loring was one of twentieth-century America's most successful mining industrialists. He entered the trade at age 12, and by his early 30s had become BMC's superintendent of the Sons of Gwalia Mine in Australia. When Hoover left the company's employ in 1908, he sold his BMC shares (amounting to 33 1/3% of the entire corporation) to Loring. He and Hoover were initially friendly, but relations became strained after Hoover violated a non-competition agreement. Following a 1917 lawsuit, and especially after Loring's Western U.S. investments failed in the late 20s, he deeply resented and even hated Hoover.



 





Hoover gained his first political experience as Director of the U.S. Food Administration and, between 1921-1928, U.S. Secretary of Commerce. Hoover was blamed for mismanaging Depression recovery efforts; many viewed his 1932 presidential loss to 32nd U.S. President Democrat Franklin D. Roosevelt as a referendum. Both Presidents Truman and Eisenhower appointed Hoover to head post-World War II fact-finding and aid-giving commissions. This later political involvement rehabilitated Hoover’s image.



 






WE PROVIDE IN-HOUSE SHIPPING WORLDWIDE!


Contacts

University Archives
(203) 454-0111
88 Danbury Road, Suite 2A
Wilton, CT 06897
USA
LiveAuctioneers Support
info@liveauctioneers.com
iphoneandroidPhone
BACK TO TOP