Word: barucher
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Actually, the War Industries Board had no specific legislative authority to fix prices. The vagueness of its powers, in fact, broke the health of its first chairman (Cleveland Lathe Maker Frank Scott) and caused its second (Railroader Daniel Willard) to resign. Not until Woodrow Wilson put Bernard Mannes Baruch in charge and armed him with personal backing did the Board really function effectively. That was in March 1918-eleven months after the U. S. entered...
...Baruch board extended its control over most of U. S. industry.* To businessmen, Baruch became the most powerful man in the U. S. Chief means of control was a priorities system, by which it could expedite or delay all shipments of war goods. (Only 25 industries, with total capital of $733,000,000, were classed as non-war.) Meanwhile the price-fixing committee, answerable directly to Wilson, set price limits at the source, on all basic materials. Before the Armistice it was extending its control over retail prices...
...went to Congress. Not so easy was the job of turning money into war material. That last week was his gravest unsolved problem for that he needed men who, like the War Industries Board of 1917-18, could get results. Most of all he needed a man like Bernard Baruch. All week advisers and an occasional tycoon (see p. 18) passed through the White House. Franklin Roosevelt, who has neither liked nor trusted businessmen, needed the ablest of businessmen and needed him quickly, needed him badly. It was the irony...
...none of the droopy-mustached charm of Gramercy Park's Players. Its keynote is breezy good-fellowship-a slangy, vulgar love of life that has appealed, not only to pinochle-playing actors in loud check suits, but also to such men as Richard Harding Davis, Joseph Jefferson, Barney Baruch, Father Duffy, George Ade, Ring Lardner, John Philip Sousa, Stanford White, Victor Herbert...
Some of Mrs. Baruch's tips to parents...