Word: baruch
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Because Elder Statesman Bernard Baruch has an almost mystic reputation as the Man Who Can Solve Anything, the Baruch Report issued last week was widely and wrongly billed as a complete postwar blueprint. This impression was reinforced by its sheer bulk: 120 mimeographed pages, 30,000 words, one pound...
...Baruch himself put it: "I didn't cover all the world." The report is aimed at one target: to make sure that the short-term complications involved in converting U.S. industry to peace do not make the long-term job of winning the peace itself more difficult-or even impossible...
Adventure in Prosperity. The prime feature of the Baruch Report is its solid optimism". The shrewd oldster and his white-thatched "junior partner," John Milton Hancock, 61, said bluntly: "There is no need for a postwar depression." Far from cringing at the unknown terrors of the future, the optimistic Ancients buoyantly proclaimed that the conversion job, if competently managed, "should be an adventure in prosperity." Cried Author Baruch to Scripps-Howard's Henry J. Taylor: "If the program carries the scream of the American eagle, it is because I feel that the old bird in its own right deserves...
...Baruch optimism is based on one fundamental proposition-a major premise, which dominates the entire report. This is that demobilization can be done "if we create the atmosphere in which private initiative and resourcefulness-the traditional American spirit-can again take hold...
Only two new jobs were recommended, both to fit under Baruch's own boss, James F. Byrnes, Office of War Mobilization director. One: a Work Director, to apply "a single unforgetful mind" to what Baruch called "the human problem" of reconditioning and reemploying servicemen and war workers. Two: a Surplus Property...