The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1917-06-11
RED TAPE PET ENEMY
Of BARNEY N. bAaUai'
Miracle Man. of Defense
Council Slashes Away
at All Formality.
REMARKABLE CAREER
BY Using Brains Instead of
Ears Financier Piled
Up Millions.
REMARKABLE CAREER
(From the AnnaIist.)

| tFTOsT1 NHc VIiuAuoA.J
His name is not in Who's who in
America nor even in Who's Who in
New York. nc does not hold q line in
the Directory of Directors. He has
never bcc,r called Il Cantain Of industry
nor n genius in organization, because
he has not had any considerable
amount of experience in that line. All
that the world at large knows of him
is that he used to he ii big Spectator
in stocks: u gambler. most people
called him. Yet President Wilson al
g. ready has given him one of the big
gcst jobs that has been created by tho
| war and il is an open secret that he
may he selected to fill the most inn
portant post save that occupied by the
president. that there viii br while the
United States is at war.
The rapid shift in the fortunes Of
Bernard NJ. Raruch. who Is being most
frequently named to head the commits
| sion which may spend ten billion dol
lars in The next year for the United
States and the allies. would have been
impossible. in any other day. 1t would
have been impossible in the case Of
/ 'tlliibSl lUN tlIltI IIEiE. WIN IjITucIl
almost anything Is possible, because
he is an orportunist by trade and
training. He wears no shackles, such
as bind the ordinary middle-aged sue
cesful man.
/ When he was summoned to Wash
| ineton to serve as member of the ad-
viSory commission council Of national
defense he did not have to call half a
dozen hoard meetings to arrange for
the appointment of successor nor
spend week in frenzied efforts to re-
adjust his business to fit his absence.
! This Is not Raruch's way. He pressed
la button that summoned n secretary.
told her where he was going, and left
With just as much fuss, and no more,
he has slipped away many times for n
week or fortnight's shooting on his
South Carolina estate.
His First Serious Job.
The work that he has been doing
with the advisory commission is the
first really serious job Baruch has had.
He has worked seriously at other
things, because what he does he does
earnestly. but it has made little diff
ference to anyone but Raruch before
! whether the work was well done. When
he started his business experience. aft
) err being graduated from the College of
the City Of New York, he went into a
brokerage office. where he spent so
| much time delvins into industrial and
railroad manuals that his employer
predicted he would never make a
trader Baruch proved him wrong by
niling up a million dollars in record
time. according to legend in the street
Having made that. he discovered tina
there was no easier way in the world
TO get living than to trade in stocks
and bonds. He became a member of
the exchange, and soon piled another
million on top of his first He did it
by using his brain more and his ears
, less than his fellow traders. He PLAYED
the speculative game as much for the
FUN he got out of it as anything. When
he took losses he did not let them
worry him.
stands over six feet--spare and ouick
moving. His hair is black, with broad
s'reaks OF gray. He has an engaging
personality, talks cmphatically and in :
Y terestingly on any subject and speaks
ms mind freely. He numbers some of
the biggest men in New York among
his close friends. and lunches with
them every day when down town His
offices on the seventh floor of tn.
: Trinity building are characteristic Of
y IN" man. The main room, looking ont
over broadway and the old church
yard. Is filled with trophies of the hunt
IN" hallway is lined with mounted
:, specimens of big fish. He has no Gus
y toners hut himself. and nearly all his
work Is handled by two women secre
=, tarles. In both of whom he puts abso-
tut" confidence. There is no ticker
. IN the room in which he works.
Street Says He's Square"
He enjoys as high reputation fol-
!" scrnpulous honesty as any man in the
; street. Whatever anyone saws about
a him usually ends with the statement
that Bernie Raruch is square" His
~ conception of honesty sometimes puZ-
~ zles Wall street. Two years ago he
u was allotted large block of stock in 2
J" new Industrial company at the under.
~ writing price. When he got his motto,
~ tn" stock showed him profit of ncarl,
" 100000. He returned tho stock. will
~ the explanation that AS Il member O
~. the advisory commission he could hav,
~ nothing to do with it.
1t is odd that man of his antece
-, dents should be chosen for such i'm
q, portant and confidential work. or
nd would be in any other country but this
", for his parents are German. His fathe
va is DIR. Simon Baruch one OF the mos
70 famous surgeons in the United State.
he who was wounded in the Civil war.
lie Raruch dropped out OF the marke
RS, the instant word came from Washing
ton that the advisory commission wa
needed there. He had previously re
signed as governor of the stock eS
change. but he retains his membership
de He would dispose OF that if he followe
at his inclination. for he expects to ha,
81, no further use for 1t for a long time
nj. come. but he feels that to resign no
nd would reflect on the exchange He @,
ms gagged quarters in the Munsey bull,
! ing in