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This item WAS NOT SOLD. Auction date was 2010 Aug 16 @ 11:00UTC-4 : AST/EDT
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TLS. 3pp. London. Ŝ 1/4"" X 10 1/4""." August 20, 1908. "On his business letterhead, ""H.C. Hoover,"" Hoover writes a fascinating letter regarding his relationship to mining companies owned/controlled by a Mr. Govett in order to make certain that there will be no misunderstandings in the future. It appears that Hoover wishes to take positions (such as directorships) in Govett's companies while remaining associated with the firm which is managing Govett's companies. The letter reads in part: "" Dear Sirs, In confirmation of my conversations regarding my position with regard to Mr. Govett's companies, I wish to set out matters fully . . I have requested your approval to my going on to the Lake View and South Blocks Boards, which you have approved, and further requested your approval to my acting in any directorial capacity and at any remuneration which I can secure. I now wish to extend this request so as to cover the Ivanhoe, Golden Links, and any mining companies which may be formed by Mr. Govett with which the firm are at present engaged or shall be engaged as Managers. I do this that the matter may be cleared up once and for all . . so I can inform Mr. Govett at once that I am able to give him my assistance all round provided the firm's assistance is maintained. Now let us look at the position from his . . point of view. He is paying the firm a considerable sum for three purposes; first, inspection and control of his managers; second, advice in London; and third, for the advantage of the firm's wide mining knowledge . . . he believes that he cannot secure the same services in the second and third purposes as of old without my assistance. Owing to this . . he started considering the course of possible events should he be forced to start managing his own mines. . . he is above all anxious not to disturb in any way existing arrangements but he is . . disturbed at your refusal to continue new business on the lines of the old, especially if he is likely to have to rely on himself alone. Now, I appreciate your very adequate reasons . . and as I have some understanding of the difficulties of mine management, I considered I could smooth out some of the friction . . and that I could be of service to yourselves and Mr. Govett . . I suggested originally to him, with your prior knowledge, that I thought I could be of assistance to him . . by going on to his Boards, to which he assented . . and before I go any further, I want your unreserved approval. As regards what you said about my being responsible . . I cannot . . undertake any responsibility to maintain his [Govett's] connection with the firm. All that I can do is, that should he decide to sever the connection of his companies, to resign from such a company at once. Yours faithfully, H.C. Hoover." Several pages have been lightly marked with pencil. Scattered paper loss due to insect damage lightly affects text but does not affect Hoover's signature. Early letters from Hoover relating to mining operations, the field where he first gained international prominence, are very rare, and this is a particularly long and interesting letter. Hoover's signature is clear and clean. Fine.
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