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Diamond Enthusiast

Picture of samantha
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Who was the first Millionair to become President, but never accepted a salary?
 
Posts: 8657 | Location: BLONDEVILLE, USA | Registered: 06-07-02Reply With QuoteEdit or Delete MessageReport This Post
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On a rainy March day, Herbert Hoover took the oath of office as the 31st President of the United States. He brought to the presidency a wide range of interests, information, and experience. He banked his presidential salary and gave it entirely to charity. From the day Hoover organized the Belgian Relief in 1914, until his death fifty years later, he never accepted for his private use any payment for public service. He had reached the highest office in which Herbert Hoover felt he could make the greatest contribution to his own country.

Herbert Hoover - 31st President
Party: Republican
Term: March 4, 1929 - March 3, 1933
Age at Inauguration: 54
Life Span: August 10, 1874 - October 20, 1964 [90]
Spouse: Lou Henry - Age at Marriage: 24
Vice President: Charles Curtis

Herbert Hoover was the first president born west of the Mississippi River
An asteroid discovered in 1920 by Professor Johann Palisma of the University of Vienna Austria, was named Hooveria in honor of the president
President Hoover thought Prohibition was a brave and noble undertaking and never used alcohol during his term; in the United States that is
Mr. Hoover would regularly stop at the Belgian Embassy for a quick martini
The practice was legal since the embassy was considered foreign territory and not within the jurisdiction of the American government.
Herbert Hoover was a graduate of Stanford University with an engineering degree, and made numerous investments in
gold mines
He was the first millionaire to be President, but never accepted a salary; he returned his pay to the government
Hoover received over fifteen honorary degrees from American Universities, and over twenty-five from foreign universities
A survey conducted in 1964 named Hoover and Thomas Edison as the two greatest engineers in the history of the
United States
His inability to pull the United States out of the depression after the stock market crash of 1929 cost him re-election to Franklin Roosevelt in 1932

http://hoover.archives.gov/education/hooverbio.html


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This message has been edited. Last edited by: DorianGreyed,
 
Posts: 774 | Location: United Kingdom, Norfolk | Registered: 06-05-02Reply With QuoteEdit or Delete MessageReport This Post
Diamond Enthusiast

Picture of samantha
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SmileYes thats correct! Great post!
 
Posts: 8657 | Location: BLONDEVILLE, USA | Registered: 06-07-02Reply With QuoteEdit or Delete MessageReport This Post
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Koicarp's reply states both that Hoover returned his salary to the government and that he banked his salary before giving it to charity. I don't think one can do both. If he returned it to the government, he never accepted it. If he banked it and then gave it to charity, he had to accept the salary. I'd be interested in seeing a more definitive source on exactly what Hoover did with his salary.
 
Posts: 17506 | Location: Lincoln Place, Granite City, IL, USA | Registered: 06-03-02Reply With QuoteEdit or Delete MessageReport This Post
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But not for too long, mind you. Mulroney never seemed to latch on to the fact that Kennedy did not accept a salary as president, but instead kept a symbolic dollar and gave the rest to charity. - Eye Weekly

President Hoover was one of two Presidents who did not accept a salary for being President. He donated his salary to charity. - ClassroomHelp.com

Kennedy did not accept a salary for being President. - ClassroomHelp.com

It appears that both men accepted their salary but donated it (with Kennedy's $1 exception) to charity.
 
Posts: 17506 | Location: Lincoln Place, Granite City, IL, USA | Registered: 06-03-02Reply With QuoteEdit or Delete MessageReport This Post
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