Bernard Baruch by James Grant

Author:James Grant [Grant, James]
Language: eng
Format: epub
Publisher: Axios Press
Published: 2012-09-01T04:00:00+00:00

34. There is some confusion about who owed what to whom. Chandler P. Anderson, a Republican lawyer, was under the impression that Wilson had borrowed $150,000 from Baruch to defray various ceremonial expenses in Europe until Congress could authorize payment from the Treasury. If so, the $150,000 for Baruch might have been nothing more than a discharge of the presidential debt. Baruch himself reported that he had spent only $24,128.64 of the allotted $150,000 and none of it on his personal expenses.

35. He could also be indirect, as Cecil testified in his diary. Baruch and he had been talking about economic aid to Europe, but Baruch had spoken mainly about himself. Cecil wrote: “There was a long passage about his methods of doing business, which at the time I thought merely one of his usual irrelevancies, but from what I have heard subsequently I think he intended it to be a kind of indication of the way in which he thought the economic problems of Europe should be dealt with.”

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