National Archives and Records Administration
Herber Hoover Presidential Library and Museum
Hoover Online
Introduction Activity 1 Activity 2 Activity 3


GOLD IN CHINA IS ALL A MYTH
Noted Expert Declares That Quartz Mining Is Not Practicable.
COAL FIELDS ARE THE RICHEST IN THE WORLD.

SMELTING COKE TO BE LANDED HERE AT SIX DOLLARS A TON
Views of Herbert C. Hoover, Who is the Highest-Salaried Young Mining Engineer in the World.

    In his address before the California Miners’ Association last Monday President Jordan of Stanford surprised the assemblage by the declaration that there is a young graduate of the university receiving a salary of $33,000 a year as a mining expert. That man arrived in San Francisco yesterday on his way from Tien-tsin to London, whither he has just been called to be junior partner in the firm of Bewick, Moreing & Co., perhaps the most notable mining syndicate in the world. His name is Herbert C. Hoover. He worked his way through Stanford University, graduating with the pioneer class in 1895, and now, at the age of 28, is reputed to be the highest salaried man of his years in the world.

    Hoover had an office in the Mills building in San Francisco, then went to Coolgardie in Western Australia, and was there two years at a salary of $15,000 per annum in charge of rich properties of a London synidicate [sic], and later went to China for another syndicate at $20,000 a year. Recently he has been receiving $33,000.

    After three years’ expert exploration in China he has sold out his interest in a coal mining company there for $1,500,000, and has come back to America with the declaration that there are no gold mines in China worthy of exploration, but that the country is the richest in the world in coal, and that the company he was interested in has begun constructing a great harbor, purchased twelve large steamers, and intends to land coke in San Francisco at $6 a ton for ore smelting purposes and carry back cheap freights to the China markets.