BERNARD M. BARUCH Letter to mining magnate and Presidential advisor Mark Requa, offering to loan him $50,000 and sending his regards to “our mutual friend” (Herbert Hoover). Typed Letter Signed: “Bernie/If I am not here ask Miss Boyle-She knows/B”, 1p, 7¾x9¾. New York, 1934 June 15. On personal letterhead To: Mr. Mark L. Requa, San Francisco, Calif. In full: “Dear Mark: It was nice seeing you the other day if only for a moment. You spoke of borrowing some money – something like $30,000. or $40,000. for your ranch. Any time you want $50,000. you can have it from me just on you say-so. Give my regards to our mutual friend whom I would be very glad to see if I could only get away. If I do not see you until later in the year, good luck until then and thereafter. Sincerely yours “. 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. During his later years, 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… More information available. Please contact us if you have questions. HFSID 33227
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