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Rented Acres. Another crop-cutting device, endorsed by Elder Statesman Bernard Mannes Baruch, called for the Secretary of Agriculture to lease lands which farmers agreed to leave fallow. Previous estimates were to the effect that farmers would collect about $3 for every acre they left uncultivated, though the bill allowed the Secretary to set his own rental. Conceivably a shrewd farmer could rent enough of his land to the U. S. to remain idle all year...

Author: /time Magazine | Title: AGRICULTURE: Untrod Path | 3/27/1933 | See Source »

...February. During that interval the President-elect learned that he could not crook his finger and get the ready services of his party's first & foremost. Much mentioned before election but not to be found on last week's slate were the national names of Bernard Mannes Baruch, Owen D. Young, Newton Diehl Baker, Albert Cabell Ritchie, Alfred Emanuel Smith, Carter Glass. Even his two ranking Cabinet officers Mr. Roosevelt had to "draft" (his own word) into Federal service...

Author: /time Magazine | Title: THE CABINET: Roosevelt's Ten | 3/6/1933 | See Source »

...moratorium had jolted the country badly, stripped the R. F. C. of most of its psychological assets. Manhattan bankers had rarely looked more worried. Financiers put unofficial observers at the doors of the Federal Reserve Bank to watch the outflow of gold. There was widespread agreement with Bernard Mannes Baruch's dictum before a Senate committee that the U. S. was confronted with a condition "worse than...

Author: /time Magazine | Title: THE PRESIDENCY: Prospect | 2/27/1933 | See Source »

...Wall Street could see no salvation for the country until the Government ruthlessly cut expenses, lived within its income. To this necessity they subordinated foreign debts, tariffs, jobless relief, railroads, public works and the large variety of panaceas put forward by more imaginative but less substantial citizens. Bernard Mannes Baruch had sounded the keynote the opening day: "Put Federal credit beyond peradventure of a doubt. . . . No nation ever dared to incur deficits as large as ours. The suspicion is growing that we do not really intend to balance the budget...

Author: /time Magazine | Title: Cover Story: Prelude to Power | 2/27/1933 | See Source »

...Baruch also sent chills of fear down Senatorial spines when he solemnly warned: "I regard the condition of this country as the most serious in its history. It is worse than...

Author: /time Magazine | Title: Cover Story: Prelude to Power | 2/27/1933 | See Source »

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