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Secretary Mills who sped to the Mayflower to deliver it to Governor Roosevelt. The President-elect was just leaving for the station to continue his journey to Georgia. Promising an answer later he hurriedly summoned Bernard Mannes Baruch, Democracy's supreme financial adviser, asked him to ride part way South with him to discuss the President's statement. Mr. Baruch consented and as the Roosevelt private car rolled down through Virginia a conference of high state was held in the observation parlor. Besides Mr. Baruch, Governor Roosevelt had the assistance of Professor Moley. William H. Woodin (American...

Author: /time Magazine | Title: National Affairs: Debts Week | 12/5/1932 | See Source »

Both the international mind of Adviser Baruch and the hinterland mind of Speaker Garner, who had advised Governor Roosevelt to take care not to cross Congress at the outset, could be detected in this first Roosevelt state paper. Unlike the Congress which had shut its ears and mind to all debt talk, the President-elect agreed with the President: "I firmly believe in the principle that an individual debtor should at all times have access to the creditor; that he should have an opportunity to lay facts and representations before the creditor and that the creditor always should give courteous...

Author: /time Magazine | Title: National Affairs: Debts Week | 12/5/1932 | See Source »

...fashionable Mayflower Hotel became the political centre of the U. S. Its spacious lobbies were jammed with Senators and Representatives eager for a peep at the next President of the U. S. Up & down its thick-carpeted halls marched a throng of important people ranging from Bernard Mannes Baruch to Rear Admiral Cary Grayson. Through the street crowd of plain citizens Supreme Court Justice Brandeis shouldered his way inside. So did Minnesota's Governor Olson and General William Mitchell, retired Army Air Service critic. In Room No. 776 Franklin Delano Roosevelt was holding court...

Author: /time Magazine | Title: National Affairs: Lamest Duck | 12/5/1932 | See Source »

...fiscal position, for misleading a harassed Congress with bad estimates on receipts and expenditures. President-elect Roosevelt, it is known, wants the best possible man for Secretary of the Treasury to revive confidence in that department. The Press promptly pointed its long finger at white-crested Bernard Mannes ("Barney") Baruch. Mr. Baruch contributed $61,000 to the campaign. By rights the job was his. But Mr. Baruch, now 62. evidently does not want it or any other. He may prefer to be an informal dictator of Democratic policy from the Wall Street side lines...

Author: /time Magazine | Title: Cabinet Carpenters | 11/21/1932 | See Source »

...loosest sense the mixed mass of ideas, opinions, notions, policies, theories and conceptions which will dominate the country for four years. In Congress. Democrat battles Democrat as to what is good party doctrine. The Democratic Press of William Randolph Hearst is rarely in tune with that of Adolph, Ochs, Baruch, Young, Baker & Co. hold ideas opposite from those of Dill, Long, Wheeler, McAdoo & Co.?yet all are Democrats. An Irish Catholic in Boston, a Russian Jew in Chicago and a white Protestant in Atlanta think on different tangents?yet all are Democrats...

Author: /time Magazine | Title: What to Expect | 11/21/1932 | See Source »

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