BERNARD M. BARUCH - TYPED LETTER SIGNED 05/27/1955 - HFSID 56943
BERNARD BARUCH. TLS: "BM Baruch", 1p, 5½x6. New York, N.Y., 1955 May 27. On imprinted letterhead to Mr. Floyd I. Silk, New York, New York. In full: "Thank you so much for your invitation contained in your letter of May 23rd but I doubt my ability to attend.
Sale Price $850.00
BERNARD BARUCH. TLS: "BM Baruch", 1p, 5½x6. New York, N.Y., 1955 May 27. On imprinted letterhead to Mr. Floyd I. Silk, New York, New York. In full: "Thank you so much for your invitation contained in your letter of May 23rd but I doubt my ability to attend. If I can get there, it will be for only a few minutes." U.S. financier Bernard M. Baruch (1870-1965), who made his fortune on Wall Street, became an influential adviser to U.S. Presidents from Woodrow Wilson to Lyndon B. Johnson, who was President at the time of this letter. During his later years (when he sent this letter), Baruch's "presidential advisory post" was a park bench in Lafayette Square, across from the White House. Wilson had appointed Baruch to the Advisory Commission of the Council of National Defense in 1916. In April 1917, after the U.S. entered WWI (1914-1918), Baruch served as Chairman of the War Industries Board. In 1919, he represented the U.S. on the Supreme Economic Council at the Versailles Peace Conference. With the onset of WWII, Baruch advised Roosevelt on wartime economic mobilization. After the War (1939-1945), he sat on the United Nations Atomic Energy Commission. Baruch proposed the Baruch Plan for international development and control of atomic energy. Baruch had begun working on Wall Street after graduating from the College of the City of New York in 1889. Speculating in the stock market, he became a millionaire by age 30. His alma mater named its business school for Baruch in 1953. Baruch published his memoirs in two volumes, Baruch: My Own Story (1957, two years after he signed this letter) and Baruch: The Public Years (1960). Lightly creased with mid-horizontal fold, not at signature. Paper clip impressions at upper left blank margin. Fine condition. Framed in the Gallery of History style: 25¾x18.
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