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Bernard Baruch
(1870-1965)
by Seymour "Sy" Brody
Bernard Mannes Baruch was often referred to as the "elder statesman"
because through three wars the presidents of our country called upon
him for his advice and expertise.
Baruch was born on August 19, 1870, the second of four sons of Belle
and Simon Baruch. His father was a field surgeon for the Confederate
Army during the Civil War. In 1881, the Baruchs moved to New York
City, where his father continued his medical career as a general
physician specializing in appendicitis and hydrotherapy.
Bernard and his brothers went to the public schools in New York City.
He was quite active in sports at the College of the City of New York.
It was during a collegiate baseball game that he injured an ear,
which impaired his hearing. After graduating from college, he went
through many jobs until he accumulated enough money to buy a seat on
the New York Stock Exchange. His financial acumen made him a
millionaire at the age of 30.
Baruch was a devoted member of the Democratic Party and contributed
generously to it. When Woodrow Wilson became president, Baruch was a
frequent visitor to the White House. During World War I, President
Wilson appointed him to the Advisory Commission to the Council of
National Defense. Accepting the appointment, Baruch resigned his
positions with industry, liquidated his holdings and sold his seat on
the Stock Exchange. He bought millions of dollars of Liberty Bonds.
Baruch played an active role on many government commissions. After
the war, he went with President Wilson to the Versailles peace
conference. He also played active roles in the administrations of
Presidents Harding and Hoover, and was a member of the "Brain Trust"
in President Roosevelt's "New Deal." In the early 1930s, Baruch urged
the stockpiling of rubber and tin, which are necessary items for war.
Baruch anticipated that the United States would be involved in World
War II and constantly urged our government to build up the armed
forces.
During World War II, Baruch was involved in many committees for the
war effort. He did his best thinking sitting in the parks of
Washington, D.C., and New York City. He could always be seen with
other people discussing affairs of the government on a park bench,
which became his trademark. During the Korean War, Baruch called for
an expansion of the Voice of America to counteract the enemy
propaganda.
Bernard Baruch contributed to charities and colleges, making a gift
of a million dollars to Columbia University in memory of his father.
He was married to Annie Griffen and they had three children.
This is one of the 150 illustrated true stories of American heroism
included in Jewish Heroes & Heroines of America : 150 True Stories of
American Jewish Heroism, © 1996, written by Seymour "Sy" Brody of
Delray Beach, Florida, illustrated by Art Seiden of Woodmere, New
York, and published by Lifetime Books, Inc., Hollywood, FL.
Source: Jewish Heroes and Heroines in America.
End<{{{
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