Part: 123456789         Session: 1         Page na123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899100101102103104105106107108109110111112113114115116117118119120121122123124125126127128129130131132133134135136137138139140141142143144145146147148149150151152153154155156157158159160161162163164165166167168169170171172173174175176177178179180181182183184185186187188189190191192193194195196197198199200201202203204205206207208209210211212213214215216217218219220221222223224225226227228229230231232233234235236237238239240241242243244245246247248249250251252253254255256257258259260261262263264265266267268269270271272273274275276277278279280281282283284285286287288289290291292293294295296297298299300301302303304305306307308309310311312313314315316317318319320321322323324325326327328329330331332333334335336337338339340341342343344345346347348349350351352353354355356357358359360361362363364365366367368369370371372373374375376377378379380381382383384385386387388389390391392393394395396397398399400401402403404405406407408409410411412413414415416417418419420421422423424425426427428429430431432433434435436437438439440441442443444445446447448449450451452453454455456457458459460461462463464465466467468469470471472473474475476477478479480481482483484485486487488489490491492493494495496497498499500501502503504505506507508509510511512513514515516517518519520521522523524525526527528529530531532533534535536537538539540541542543544545546547548549550551552553554555556557558559560561562563564565566567568569570571572573574575576577578 of 578

I think Hugh Johnson was better than that. He was certainly a terrible mistake for the NRA and gave everybody great grief, but I don't think that he was a nasty bully. I think he had probably more ability than Baruch credited him with, more diplomatic ability too. At certain points he did a very fine diplomatic job between warring elements. But then he always lost control of the situation. He couldn't carry through anything. He lost control completely. It wasn't his policies that people kicked about. It was that nothing came through and that complete confusion reigned.

I don't remember much about Baruch in New York, except that he was one of these people who was around everywhere. He was always kind of a mystery man, even in New York. The other bankers, other investment people and other business people were always snarling about Baruch. There would be a crisis of some sort in Wall Street and everybody would get stung, but Baruch would come out richer than ever. They never could make out why it was. I told Miss Coit, who's writing the book on Baruch, and she said, “Well, that's because he doesn't know himself how it came out. He worked intuitively, while they worked by logic. He just made certain intuitive moves and it just happened out all right.”

Of course, the other business men and bankers were always growling, “How did Baruch do this?”