Business & Finance: Gary vs. Baruch

At the annual dinner of the American Iron and, Steel Institute, Judge Elbert Henry Gary declared that "in the Fall of 1917 or the Spring of 1918" a proposal was made by the Federal Government (through the War Industries Board, of which Bernard M. Baruch was Chairman) to take over the steel industry. He alleged that the proposal originated with Secretary of the Treasury W. G. McAdoo, and that vigorous protest by American steel men, including himself, had blocked the plan. Judge Gary stated that his wish, in making public this hitherto unpublished...

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