BERNARD M. BARUCH - TYPED LETTER SIGNED 11/12/1964 - HFSID 35342
BERNARD M. BARUCH. TLS: "Bernard M Baruch", 1p, 5½x6½. New York, N.Y., 1964 November 12. On his imprinted letterhead to Mr. Aaron Berman, Brooklyn, New York. In full: "Thank you so much for your very generous offer which I regret I cannot accept.
Sale Price $850.00
BERNARD M. BARUCH. TLS: "Bernard M Baruch", 1p, 5½x6½. New York, N.Y., 1964 November 12. On his imprinted letterhead to Mr. Aaron Berman, Brooklyn, New York. In full: "Thank you so much for your very generous offer which I regret I cannot accept. However, my deep appreciation and thanks to you and your wife." 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) and Baruch: The Public Years (1960). Mid-horizontal fold, not at signature. Fine condition. Framed in the Gallery of History style: 26½x19¼.
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