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ADS in pencil, signed “H.C.H.,” two pages on two adjoining sheets, 5 x 8, 62 London Wall (London, E.C.) letterhead, March 25, 1908. Handwritten draft documenting Herbert Hoover’s negotiated separation from the influential London mining firm Bewick, Moreing & Co., preserving his board memberships, academic mining activities, and personal investment rights following his departure from the partnership. In full: “An honorable understanding was entered into by CA Moreing, TW Wellsted, WJ Loring, and HC Hoover. That Hoover shall not under the agreement be called upon to resign from Boards so long as the position of the former is not jeopardized. That no objection is to be raised to his doing purely scientific work or giving lectures in schools of mines in America. That the agreement is not to be stretched to cover investment of his own money.” In fine condition, with several intersecting folds.
Hoover joined Bewick, Moreing & Co. in 1897, supervising major mining operations in Western Australia and China before becoming a junior partner in 1901. By 1908, he was leaving the firm to establish himself as an independent mining consultant and investor, a transition that helped lay the financial and professional foundation for his later humanitarian and political career. The memorandum reflects the terms of Hoover’s continuing relationship with the firm, including provisions concerning directorships, academic activity, and personal investments.
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