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823607

Bernard M. Baruch

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. . . when it is reported to that Committee we will go after it right away

Bernard Mannes Baruch, 1870-1965.  American financier; advisor to American Presidents.  Typed Letter Signed, B. M. Baruch, one page, quarto, on stationery of the War Industries Board, Washington, [D.C.], June 6, 1918. 

With World War I still raging in Europe, Baruch thanks Wall Street financier S. R. Bertron for his interest in the “Power Bill.”  He writes, in full:  “The Power Bill, with which I know you are familiar, will probably be referred to the proper Committee, which I am doing on the advice of Mr. Kitchin, and when it is reported to that Committee we will go after it right away.  I presume you have seen a copy of it.  /  Thank you for your interest, which I hope will continue.” 

Baruch refers to an emergency power bill introduced in Congress in the summer of 1918.  Secretary of War Newton D. Baker told Congress that without action “to stimulate the installation of greater generator capacity,” there would be “a power famine, or at least a very great power shortage,” affecting the American military effort, including shipbuilding and other war-related industries.  President Woodrow Wilson referred the matter to the War Industries Board, which Baruch chaired, for investigation. 

Baruch has signed this letter in black fountain pen.  The letter has horizontal folds, none of which affects Baruch’s signature, and is lightly toned.  There is a pencil notation, “Bernard M. Baruch,” in another hand in the blank bottom portion of the letter.  The letter is in fine condition.

Unframed.

 

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$65.00

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