POLAND: Vauclain Vindicated

When newly-elected, oldish President Samuel Matthews Vauclain of Philadelphia's gigantic Baldwin Locomotive Works sent $6,965,000 worth of locomotives on credit in July 1919, to the War-torn infant Republic of Poland, his board of directors thought keen level-headed "Sam" Vauclain had forsaken business for his favorite role of philanthropist. They worried. All Europe was financially unbalanced by post War deflation. Poland was still at desperate grips with the Red Army of new Bolshevik Russia. Furthermore, the Baldwin Locomotive Works was at the dangerous stage of turning from Wartime manufactures, productive of $250,000,000...

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