Word: bernards
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Dates: during 1930-1939
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...Michigan bank 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...
...witness from 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...
...last order the Porcupine quartet had not the heart to obey. They simply had to clean up when they went to the big city. They appeared at the dinner in store clothes with faces bright & shining. Vexed, Matt Brush would not let them sing. He and jovial Speculator Bernard E. ("Ben") Smith, upon whom the quartet had also made a profound impression and who had helped finance the stunt, were deeply disappointed over the whole business...
...went 250 invitations to 250 Great Names throughout the land to journey to Washington and tell the Senate Finance Committee what was wrong with the U. S. First Great Name to open last week's hearing was Bernard Mannes Baruch. His advice: "Balance the Budget. Tax everybody for everything. Take hungry men off the world's pavements." He proposed the following farm relief plan: Let the Government allot production quotas on corn, cotton, wheat and tobacco and then lease the farm land thus left idle at an average of $3 per acre per year, thereby compensating the producer...
...about $600,000,000 in all now-to bolster the railroads. And in September the biggest stakeholders, including 68 insurance, companies and four great universities, asked five leading citizens to head a committee of inquiry. Coolidge was named chairman. Alexander Legge (International Harvester) represented Republican industrialists. Alfred E Smith. Bernard Mannes Baruch and Clark Howell (Atlanta Constitution) were chosen as Democrats who would bear weight with Franklin Delano Roosevelt when it came to getting this National Transportation Committee's findings translated into...