The Miller press. [volume] (Miller, S.D.) 190?-current, 1921-06-09
TOPICS OF THE FARM
A Department Devoted Exclusively to Farm
Affairs in Hand County


Since that time he has been connect
ed with lthe American Commission
to Negotiate Peace as a member of
the drafting committee of the econo-
mic section. He was also a member
of the Supreme Economic Council and
Chairman OF it's Raw Material divi-
sion. He distinguished himself es-
pecially as the American delegate on
economic and r%eparation clauses, two
phases of the peace treaty that have
been subjected to little criticism. Lat
err he served on President Wilson's
Capital and Labor Board. Since sell
ing his seat on the Stock Exchange
he has engaged in no speculation of
any kind.
Understands Agricultural Problems
In Mr.. Baruch's varied experience
as a financier and student of economy
he was brought into close contact
with the agricultural problem and
fully realizes that cooperative sales
agencies must be soundly and adequ-
ately financed. His first step in be-
half of farmers was taken several
months ago when he assisted produc-
ers in South Carolina, his native
state, and North Carolina, in their
efforts to finance the movement of
cotton.
He was first brought into contact
with the grain marketing program
when the Committee of Seventeen re-
quested him to appear before that
body to answer several questions on
finance problems that were causing
the committeeman no little anxiety.
He displayed such an intellectual
understanding of the rural finance
problem that 1t was inevitable the
Executive Committee of the U. >.
Grain Growers, Inc, should seek his
further counsel when the question of
forming the Farmers Finance Corpor-
alton was under consideration.
The "WOlf Of Wall Street"
In all his financial experience Mr..
Baruch has played a lone hand and
because of the success which usually
attended his efforts, he is widely
known as the wolf Of Wall Street"
Mr.. Baruch, unlike every other prac-
teal financier of the United States, is
essentially an i~ndividualist. He con
sistently refused to enter into combin-
atoms with individuals. or syndicates
and, therefore, has incurred the bitter
hatred of men who are in the great
financial organizations Of the East.
Barney" Baruch Is not popular in
Wall Strickland he is proud of it.
The fact that Mr.. Baruch succeeded in
the face of these odds Is one of the
reasons why the directors of the U. S
Grain Growers, Inc, believe they have
assured themselves of association
with a man who is not only inherit
antly a financial genius, but one OF
the few really big men in this coun,
try who is in a position to assist in
the shaping of their policies without
subjecting the whole plan of the in,
huence of what is commonly known
rs wall Street"
Denies Profteering On Copper
Enemies of NJ, kraruch for months
have beEn charging hat he made
enormous profits through the sale OF
copper to the government during the
war. He has repeatedly denied these
charges and last week, in a letter
sent to Senator Kenyon of Iowa, de-
manded that Congress conduct an in.
vostigation. The letter, which has
been presented to the Senate, included
a statement of the use made of the
$3.50. 900 fund allotted to the economic
section Of the peace conference. In
the statement he said that less than
s25, 900 was used and that he personal
ly paid every item of expense incident
to his w work, ven down to his
automobile repairs and hotel bills.
The statement ascribed the charge
of ~profteering in copper to be "cruel,
heartless lies" Mr.. Baruch said that
when he took Office with the govern
ment in 1917. he disposed of every in
%terest which possibly might have been
affected by his activiti IS and that
since that time he had not engaged
in a single gainful pursl it."