Word: baruchism
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...Baruch and Harry Truman, two strong-willed men whose personalities were bound to clash, finally parted ways in 1948. In an angry outburst that was never meant to see print-but was nonetheless published by Columnist Westbrook Pegler-Baruch at that time blistered Truman as "a rude, uncouth, ignorant man." Truman, for his part, was more restrained. "His concern," he wrote of Baruch in his memoirs, "was really whether he would receive public recognition. He had always seen to it that his suggestions and recommendations, not always requested by the President, would be given publicity...
Truman hit Baruch where he was most vulnerable, for Baruch wanted-and usually got-a good press. A Who's Who of acquaintances streamed to his Manhattan house and to Hobcaw Barony, his 17,000-acre plantation near Georgetown, S.C., and there was generally a newspaperman in the crowd. If not, the press would usually get a tip from the late Herbert Bayard Swope, famed, dynamic executive editor of the old New York World, and for nearly 40 years both friend and public relations counsel to Baruch...
...Tragedy. Despite his obvious talents and his feeling for power, Baruch never sought public office. "I have always felt that I could contribute more as an independent private citizen than as a public officeholder," he explained. Others saw it differently, among them Biographer Margaret Coit, whom Baruch asked to write his story after he had read her Pulitzer Prizewinning study of John C. Calhoun. "Here, then, is the tragedy," she wrote. "Baruch, unwilling to face defeat-Baruch, who has always had to win-has taken refuge behind his legend...
...Baruch devoted his last years to his memoirs, to the philanthropies into which his father had steered him-colleges, medical schools and rehabilitation projects-and to gathering a generous sheaf of awards and honors. "To me," he was fond of saying, "old age is 15 years older than I am." In the end, the irrepressible Bernard Baruch finally caught up with...
Died. Bernard M. Baruch, 94, legendary speculator and park-bench philosopher, advisor to seven presidents; of a heart attack; in Manhattan (see THE NATION...