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Collection

Bernard M. Baruch collection, 1920-1949

65 items

This collection is made up of letters by Bernard Baruch and Mark Sullivan regarding United States foreign policy, financial policy, national politics, and personal matters.

This collection is made up of 60 letters between Bernard M. Baruch and Mark Sullivan, a testimony and several pamphlets by Baruch, and a signed, dedicated portrait photograph of Baruch. The majority of the collection consists of Baruch's letters to Sullivan. The correspondence addresses United States politics, beginning in the early 1920s with foreign policy, farm policy, and the long term outcomes of the Paris Peace Conference. Later letters contain Baruch's critiques of U.S. fiscal policy, foreign policy, and military preparedness, as well as general thoughts about the U.S. economy and the political environment following the Wilson administration.

Baruch and Sullivan discussed their writings and other works, offering critiques, recommendations, and congratulations. They discussed Sullivan's journalism and historic works, and Baruch's political career and treatment in the media. In one letter, Baruch gave a narrative account of his early education in South Carolina (January 21, 1927). The letters also contain discussions of more personal matters, holiday greetings, and invitations for Sullivan to vacation at the Hobcaw House. At various points in the correspondence Baruch expressed his perception of anti-Semitism in U.S. politics and education. The collection includes one photograph portrait of Bernard M. Baruch, signed and dedicated to Duane Norman Diedrich. See the Detailed Box and Folder Listing for more information.

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. "Bernie" [Bernard M. Baruch] TLS to Mark Sullivan., 1920 May 31

1 page

Box : Duane Norman Diedrich Collection
Sending a photograph of himself. "I am very proud to have you want my photograph, and I am still prouder of the fact that I have won your friendship. You know that you have won mine. You won it in the early days of the struggle that I went through in 1917." Signs the letter "Why do people lie about me-I ask nothing-I want nothing."
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. "BM Baruch" [Bernard M. Baruch] TLS to Mark Sullivan., 1920 August 19

2 pages

Box : Duane Norman Diedrich Collection
Responding to Sullivan's suggestions for portions of Baruch's book. "I believe that if you had read the book through, that you would have changed your suggestion regarding the opening … I thought it would be better to say to the reader as I tried to say: 'I want to tell you how this treaty happened to be written, the way it was written, and why it couldn't be done any other way. Just bear with me for a few minutes and let us reason this out together,' rather than to say to the reader, 'This is the very best little treaty in the world,' because as a matter of fact it wasn't the best treaty in the world, but was the best that could be done in the circumstances."
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. Bernard M. Baruch Pamphlet; Washington, D. C., 1920 December 10

7 pages

Box : Duane Norman Diedrich Collection
Address by Bernard M. Baruch at the Re-Union of the Members of the War Industries Board, at Washington, D.C. Headings include "War's Diversion of Materials," "The Situation After the Armistice," "Re-Action from High Prices," "Distress of Former Enemies Disastrously Affects Us," "World Team Work the Remedy," "Bearing of the German Reparations," "Fixing of the Reparation Amount Essential," "France Must Have Guarantees," "The Domestic Business Situation," "The Duty of Financiers and Public Men", and "The Future is Bright."
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. "Bernie" [Bernard M. Baruch] TLS to Mark Sullivan., 1921 March 7

3 pages

Box : Duane Norman Diedrich Collection
Responding to Sullivan's February 26th letter. Regarding America's role in European peace and the effectiveness of the Treaty of Versailles, " … the success of the Treaty of Peace depends upon the spirit in which its terms are carried out. Its terms will surely be made vengeful in their execution without the presence of the cooler judgment of America." Congratulations for Sullivan's nomination as an overseer of Harvard.
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. "Bernie" [Bernard M. Baruch] TLS to Mark Sullivan; New York [City, New York]., 1921 April 26

1 page

Box : Duane Norman Diedrich Collection
Responding to Sullivan's April 20th letter inquiring about Baruch's health. "You know, you are one of those fellows that if you got into trouble would never have to come to me for help. But I am dead sure of one thing, and that is that you are the kind of man that will never need any help."
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. "Bernie" [Bernard M. Baruch] TLS to Mark Sullivan; New York [City, New York]., 1921 May 21

3 pages

Box : Duane Norman Diedrich Collection
Discusses his position on the farm movement's financial situation, referring to Sullivan's recognition of Baruch's recent article '"Some Aspects of the Farmer' Problems" in the Atlantic Monthly. Baruch disagrees with Sullivan's stance on the "Silesian problem," expressed in Sullivan's recent article in the New York Post and reminds Sullivan of his own view. Expresses his disapproval of the Harding administration's lending policies to European governments and comments on the appointment of Andrew W. Mellon as Secretary of the Treasury. Discusses Sullivan's understanding of his role as an economic advisor at the Paris Peace Conference. He asserts his shifting opinion on US involvement in WWI; "George Harvey May have been right. I suppose that all we were doing, as he thinks, was to fight the war to save our own skins. I feel, and I know there are millions of others that feel the same way, that we were fighting to make the world a better place for our children to live in. This stripping life of all of its ideals and showing it in its nakedness is neither conducive to good morals or good business for the little Sullivans and the little Baruchs."