Word: baruchly
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Omitted from their roster by his own desire-although it was announced that the committee would consult him-was aging, ailing Financier Bernard Mannes Baruch, who set up and headed the 1918 War Industries Board. Mr. Baruch's friend and Wartime coworker, Columnist Hugh S. Johnson, who months ago was ruled out of rearmament councils, called this "bumptious folly." Omitted from the official announcement was any explanation of the speed with which Mr. Stettinius, et al. were picked. Plans for allocating U. S. production could be almost as useful to warring friends of the U. S. as to warring...
During the War period, as during neutrality, the Guggenheims, William Rockefeller (brother of John D.) and John D. Ryan, heavy owners of copper stocks, made big profits. While neutrality lasted so did speculators such as Jesse L. Livermore and Bernard Baruch. But speculative profits in commodities were reduced when the U. S. Government took control of prices as a war measure. Speculator Baruch himself headed the War Industries Board which fixed the prices...
Smooth persuasion comes easily to bullnecked, six-foot, 252-pound Jack Bilbo. He was trained in the world's highest powered school of dialectic, the Chicago underworld. Jack Hugo Baruch was born 32 years ago in Berlin, schooled in The Hague, went to the U. S. at 16. In Manhattan he was a Shubert office boy and manager of Manhattan's Bijou Theatre before he changed his name to Bilbo, went to Chicago and fell in with gangster Al Capone in 1926. How close he was to Scarface Al is a moot question. There is no record that...
Cash & Carry. But fear of war still stirred in Congress. So in May 1937 another Neutrality Act was passed. At the instigation of Bernard M. Baruch, wise old chairman of the onetime War Industries Board, it added to the provisions of the earlier acts, authority for the President to forbid the export of any goods to a warring nation except on a cash & carry basis. He never used this power and two months ago it expired...
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...