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By 1914, Hoover was an extremely wealthy man, with an estimated personal fortune of $ 4m He was once quoted as saying " If a man has not made a million dollars by the time he is forty, he is not worth much ".
By 1914, Hoover stood eventually to obtain what he later described as " a large fortune from these Russian industries, probably more than is good for anybody ".
Sixty-six years after opening the mine in 1897, Hoover still had a partial share in the Sons of Gwalia mines when it finally closed in 1963, just one year before the former President's death in New York City in 1964.
The successful mine had yielded $ 55m in gold and $ 10m in dividends for investors.
Herbert Hoover, acting as a main investor, financier, mining speculator and organizer of men, played a major role in the important metallurgical developments that occurred in Broken Hill in the first decade of the twentieth century, developments that had a great impact on the world mining and production of silver, lead and zinc.
In later years Hoover liked to think of himself and his associates as having been " engineering doctors to sick concerns ", and so hence his reputation as the " Doctor of sick mines "

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