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Baruch, I assume, had that curious sense of guilt that you have even when you don't believe yourself to be guilty. You don't think you did anything wrong, which indeed he did not, and yet you feel guilty. There was nothing wrong in using your best judgment to put your money in gold. But if it was going to be called in, and people who had gold were going to be called hoarders, with penalties, and a bad name attached to them, he began to feel that sense of guilt which was not based on conscientious conviction of guilt. It was just, “I'm on the unpopular side of this, and I don't want to be.”

That was why Baruch at that time couldn't go and talk to the President. When I said to the President what Baruch had told me, he said, “Well, why doesn't Barney come and tell me himself?”

I said, “I don't know, Mr. President; you must know better than I do, but when I asked him that, he said just what I've said to you now, ‘I can't at this time intervene with the President about anything. It's just out of the question at the present time.”

The President said, “Did he say that?”

I said, “Yes.”

“Didn't he tell you any more about it?”

“Nothing else. And certainly you know I don't ask