Word: barucher
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Dates: during 1930-1939
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During the World War Walther Rathenau, industrialist and economist, had taken hold of the German economic machine and coordinated it after the fashion of Bernard M. Baruch's later U. S. War Industries Board. A Jew, Rathenau was assassinated after the War by antiSemitic, anti-liberal nationalists. But Rathenau's secret dream of a completely rationalized and goosestep-clicking German industry was remembered by some of his young disciples who became Nazis. Hitler's first and second Four-year plans for making Germany self-sufficient owe more to Rathenau's social thinking than any Nazi would...
Junking. After Elder Stimson, Chairman Pittman next called Financier Bernard Mannes Baruch, who served 21 years ago as chairman of the War Industries Board. His terse war sales formula has long been: "Come and get it." To Mr. Stimson's suggestion of discriminatory, perhaps embroiling embargoes, he answered: "If our economic war fails, we will be in military war. . . . If we make economic war, that conclusion is inevitable. . . . If we believe we can defend this hemisphere, then the whole argument for now waging economic war weakens." He would not even make war-selling a crime, but an affair strictly...
Franklin Roosevelt is for junking Neutrality, too, but in a different way and for different reasons than Witness Baruch. The President wants a hand entirely free to wage economic war on the Dictators. In this desire he has the backing of such politically opposed authorities as the Baltimore Sun and New York Herald Tribune. But for political convenience, the President is willing to accept simple extension of the cash & carry clause, so long as he is not straitjacketed by any clauses making his actions mandatory...
...cloak rooms of the Capitol Congressmen goggled last week over a tidbit of information that came out of their hearings on National Defense. Last May when the War Department was short $3,300,000 to purchase machinery to make smokeless powder for the Army, rich, patriotic Financier Bernard Mannes Baruch made an offer to Assistant Secretary of War Louis Johnson to put up the money from his own pocket. Financed instead by a Congressional appropriation recommended by the President, the machinery is now nearly complete. An obstacle to this generosity: such gifts to the U. S. require...
...stirring up a war psychology in the nation. That psychology has been on the rise in Washington since Franklin Roosevelt's "quarantine" speech in 1937. Publishers, editors, correspondents produce more & more newspaper stories about it, abetted by Roosevelt advisers like Assistant Secretary of War Louis Johnson and Bernard Baruch. As in the years leading up to 1917, it is becoming difficult to tell where legitimate news stops and jingoism begins...