Newspaper Archive of
The Western Star
Coldwater, Kansas
April 4, 1941     The Western Star
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April 4, 1941

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~T .... L THE WESTERN STAR, COLDWATER, KANSAS PAGB I I I By LEMUEL F. PARTON (Consolidated Features--WNU Service.) NEW YORK.--When he made his first million at the age of 30, Bernard M. Baruch said he would indulge himself from then on by be- ing a sort of Boost Baruch for doctor or di- Driver of U. S. agnostician Defense Machine of politics, government and finance, rather than a self- interested participant. Although he did gather a few more millions, as a speculator, as he has frankly said, it was in the same mood of detach- ment with which he has appraised the social scene, and it is in this mood that he has been the adviser of every President since Taft. Each day in the news brings some new demand that the tall, pleasant, snowy-haired Mr. Ba- ruth, surely our elder statesman of such bottleneck urgency as that of today, be given a free hand, in the chartroom, or per- haps the wheel-house, to steer our emergency defense course. Some of these nominations come from the established school of Baruch men, such as Gen. Hugh S. Johnson, Herbert Bayard Swope and George N. Peek; others from those who remem- ber Mr. Baruch's achievements as head of the War Industries board, and his alert, specula- tor's awareness of what has been going on in Europe for the last few years. As to this business of being a spec- ulator, Mr. Baruch says, "I make no apologies. I am a speculator. The word comes from the Latin word 'speculari,' meaning to observe. I observe." 'Like all seasoned speculators, he never pounds his desk or runs a tem- perature or inclines to high blood- pressure, although he is 70. He keeps fit by his own system of calis- thenics, pragmatically arrived at, like his financial operations. As head of the War Industries board, he tooled the 20-mule team of labor, industry, raw-material~ and government deftly through many a narrow defile and hazardous pas- sage, and a large section of his pub- lic would like to see him again in the driver's seat. Naturally a skeptic as to the grand solution, like most specu- lators, he has stood at few~ if any false dawns. He was a prophet of doom for the Dawes plan, from the first. In 1927, he predicted that it would be scrapped within two years. "A demand might be morally rea- sonable as a business proposi- tion," he said. As a foe of paternalism in busi- ness and a stanch states' rights Democrat, he has insisted that a means must be found to mobilize Pragmatic, Never national en- ergies with- Emotional, as the out taking on Good Speculator the crushing overhead of a crippling a~d self-destroying bu- reaucracy. He has expounded these and kindred subjects in many eco- nomic treaties in dry-as-dust jour- nals, for here is a Wall Street specu- lator who also wears the golden key of Phi Beta Kappa. He is an able evangelist of the school of prag- matism in government and busi- ness-again the speculator, whose judgments, if he is a good specula- tor, are never emotional. His early definition of his atti- tude as that of a diagnostician might have denoted a sympa- thetic identification with his dis- tingnished father, Dr. Simon Ba- rush of South Carolina, a widely known surgeon and health author- ity who took a leading part in developing the Saratoga spa. Born in South Carolina, Bernard M. Baruch took an earned de- gree at the College of the City of New York in 1889 and subse- quently six honorary degrees from various other colleges. For the last few years he has been calmly, but earnestly prescribing preparedness. Returning from Eu- rope in 1937, he 'said, "Europe is hopeless." In January, 1939, he offered to supply from his own funds $3,300,000 which the army lacked for certain equipment. An adjustment of an appropriation bill made this unnecessary. He has been friendly to the New Deal, but has chided and warned it on many occasions. THIS reporter, on occasional trips to Washington, has noted that some of the heaviest hitters there are the least publicized. Here today is the amiable Harold N. Graves in charge of the new defense loan drive, which will start May 1. Mr. Graves, in his 33 years ija the government service, has showed singular ability in getting things done without a lot of fuss and feath- ers. He is assistant to the secre- tary ef the treasury, 54 years old, educated at Knox college and George Washington university. ::::::::::::'" ::::::::::::::::::::::::::::::::::::::::::: ..- :..~::.~:-... ::::::::::::::::::::::::::::::::::::::::: ~:~:'::.. :':~ :::::::::::::::::::::::::::::::::::::::: .:':':::'. :'.~:.:: :::::::::::::::::::::::::::::::::::::::: ":':': ..... ":'":': ..... :':':':': .... :':" :"': ...... :':~':"::'" ":':" TO ?rS REGARDING HERBS MANY home gardeners may be interested.~d in growing herbs this year because of the war, ..... "" Z~:" ~:~ili!~!~:!:ili:i:i;:~::" ,:.:iii:i!~ii~iii!:i" "~ " ":::::::: :"... ..... :~... ..~,. ........ ..:x,:~:: ~.:.,~, . ,:,..,: .... .. ..@ .~.,. :. ,.+/~...:+....~