PRESIDENT HERBERT HOOVER - TYPED LETTER SIGNED 09/02/1943 - HFSID 32726

HERBERT HOOVER
Herbert Hoover sends a typed letter about the stock he has purchased.
Typed Letter signed: "Herbert Hoover", 1p, 7¼x10½. The Waldorf Astoria, New York, New York, 1943 September 2. On personal letterhead to Mr. Lawrence K. Requa, Salt Lake City, Utah. In full: "I enclose the set-up of the Combined Metals Company (not present). We have arraigned that you should be Vice President (if you want it) and there will be some salary. It will not interfere with your other occupations. I am purchasing 7,000 shares of Class A stock for $2.50 a share and 1800 Common for 10 cents a share. To keep faith I must retain some considerable interest in both of these for myself as well as divide part over you, Allan, and Herbert. I have agreed both stocks will be tied up in the name of nominee (I have designated Allan) until all parties are in full agreement as to any sales. So it must be looked on as a long-time investment. I have thought of assigning a participation of 800 Class A and 200 Common to you;* if you would like to have it, send your check for $2020 to Allan when convenien (sic), and he will write you a letter stating that he holds it for your account but to be retained in his name until sale is approved by me or him. Sincerely," In his own handwriting at bottom margin in pencil: "I am assigning the same participation to each Herbert & Allan-" Herbert Clark Hoover (1874-1964) served as the 31st U.S. President from 1929-1933. Hoover, who had headed the Food Administration to provide relief to Europe and Russia during and after WWI, had served as Secretary of Commerce under Presidents Warren G. Harding and Calvin Coolidge (1921-1928) was a capable administrator, but he was blamed for the Great Depression and was defeated in his bid for re-election by Franklin D. Roosevelt. The second President to attain the age of 90 years (John Adams was the first), Hoover lived a record 31 years after leaving the presidency. During his "retirement", Hoover headed two commissions to review the structure government agencies, by Presidents Harry S Truman (1947) and Dwight D. Eisenhower (1953). Many of the recommendations of each commission were adopted. Hoover also wrote a number of books and articles. Fold creases through signature. File holes at upper margin. Paper clip impression at upper left corner. Otherwise, fine condition.